1401 Coalter Street
Richmond, VA 23223
Map
- – beds
- – baths
- 14,899 sqft
- $154 per sqft
- 1967 build
- – on site
Investment Opportunity: 20-Unit Apartment Complex with Value-Add Potential. Discover this well-positioned 20-unit multifamily property, it provides solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural appeal and tenant desirability. A healthy tenant mix ensures ongoing revenue, and immediate upside potential through modest renovations and rent adjustments. With ample parking of 20+ parking spaces available on site and surrounding the property for residents and guests. Opportunities for interior updates and exterior enhancements, positioning this property as a strong candidate for increased NOI and future appreciation. Located across from a property managed by the Richmond Redevelopment Housing Authority, which is very well maintained by the City of Richmond located in an area poised for continued growth, making this an excellent long-term investment with strong rental demand and growth. Whether you're an investor seeking steady returns or buying for potential upside, this asset offers a balanced blend of income, location, and opportunity.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 26, 2025
•
MLS# 2517698 —
The Building
-
Year Built:1967
-
Year Built Details:Actual
-
Construction Materials:Drywall,Frame,VinylSiding
-
Architectural Style:TwoStory,LowRise
-
Roof:Asphalt
-
Foundation Details:Slab
-
Stories Total:2
-
Stories:2
-
Levels:Two
-
Basement:false
Interior
-
Interior Features:CathedralCeilings
Room Dimensions
-
Living Area:14899.0
Location
-
Directions:Fairfield Avenue to Mechanicsville Turnpike, then take right at the light of Littlepage street. Property is at the corner of Coalter St, and Littlepage street.
The Property
-
Parcel Number:E000-0604-015
-
Property Type:ResidentialIncome
-
Property Subtype:MultiFamily
-
Lot Features:CornerLot
-
Lot Size Acres:0.5937
-
Lot Size Area:0.5937
-
Lot Size Units:Acres
-
Zoning Description:R-53
-
View:City
-
View:true
-
Fencing:None
-
Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (804) 919-4444
- Office phone:
- (804) 518-0500
Taxes
-
Tax Year:2024
-
Tax Lot:63
-
Tax Annual Amount:13128.0
-
Tax Assessed Value:1149000
-
Tax Legal Description:HOWARD GROVE L56-62 PTL63 0220.00X0117.56 0000.000
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Appliances
-
Appliances:ElectricWaterHeater,GasWaterHeater
Schools
-
Elementary School:Woodville
-
Middle Or Junior School:Martin Luther King Jr.
-
High School:Armstrong
The Community
-
Subdivision Name:Howards Grove
Parking
-
Garage:false
-
Parking Features:OffStreet,OnStreet
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/25/25
Jun 25, 2025
|
Listed / Active | CVRMLS | $2,300,000 |
