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1012 W Franklin Street, Richmond, VA 23220

Richmond
Local realty services provided by:CENTURY 21 Realty @ Home
1012 W Franklin Street,Richmond, VA 23220
$2,200,000
  • - Beds
  • - Baths
  • 8,296 sq. ft.
  • Multi-family
  • Pending
Listed by: teresa mueller
Office: the mueller group llc.
MLS#:2525661
Source:RV

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$265.19

About this home

1012 W. Franklin St is one of Richmond’s most iconic Greystone/Granite buildings, ideally located in the popular Fan District just steps from VCU. This 8,298 sq. ft. property features SIX units, 18 bedrooms, 12 baths, plus 2 off-street parking spaces and a rear garage currently used as a workshop. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a newer roof (85% metal, 15% membrane). The property is fully leased and generates a monthly income of $14,375 and has been owned for 23 years with 100% occupancy. Notably, Unit 5 offers 1,516 sq. ft. with 3 bedrooms/2 baths ($2,505/mo) and Unit 6 offers 1,482 sq. ft. with 4 bedrooms/2 baths ($2,740/mo). With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most...

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Home facts

  • Year built:1900
  • Listing ID #:2525661
  • Added:188 day(s) ago
  • Updated:March 19, 2026 at 07:37 AM

Rooms and interior

  • Basement:Yes
  • Basement Description:Finished, Full
  • Living area:8,296 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1900
  • Building area:8,296 sq. ft.
  • Lot area:0.11 Acres
  • Lot Features:Level
  • Architectural Style:Tri Level
  • Construction Materials:Brick, Drywall, Stone
  • Exterior Features:Deck, Front Porch, Rear Porch
  • Levels:Multi/Split, Three Or More, Tri Level

Schools

  • High school:Thomas Jefferson
  • Middle school:Dogwood
  • Elementary school:Fox

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$265.19
  • Tax amount:$14,712 (2025)

Features and amenities

  • Appliances:Electric Water Heater
  • Amenities:Ceiling Fans, High Ceilings, Leaded Glass, Skylights

Parking

  • Parking description:Detached, Garage, Off Street
  • Garage:Yes
  • Garage spaces:1
MLS LogoThe information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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