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3203 Ellwood Avenue, Richmond, VA 23221

Richmond
Local realty services provided by:CENTURY 21 Nachman Realty
3203 Ellwood Avenue,Richmond, VA 23221
$935,000
  • - Beds
  • - Baths
  • 2,384 sq. ft.
  • Multi-family
  • Active
Listed by: justin sledd, thomas rosman
Office: one south commercial llc.
MLS#:2617418
Source:RV

Price summary

  • Price:$935,000
  • Price per sq. ft.:$392.2

About this home

Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased, with all four apartments generating $1,499 per month, providing stable, in-place cash flow from day one. New Lease for Unit A starting Aug 1 for $1549 a month. Each unit is separately metered, with tenants responsible for all utilities, helping to minimize operating expenses. Just steps from Carytown's acclaimed restaurants, local boutiques, coffee shops, and entertainment, the property offers an exceptional walkable lifestyle that continues to drive strong tenant demand. Whether you're seeking a turnkey investment or a long-term hold in one of Richmond's premier neighborhoods, 3203 Ellwood...

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Home facts

  • Year built:1923
  • Listing ID #:2617418
  • Added:7 day(s) ago
  • Updated:July 04, 2026 at 02:46 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:2,384 sq. ft.

Structure and exterior

  • Roof:Built-Up
  • Year built:1923
  • Building area:2,384 sq. ft.
  • Lot area:0.05 Acres
  • Architectural Style:Two Story
  • Construction Materials:Brick, Drywall, Plaster
  • Exterior Features:Balcony
  • Levels:Two, Two Story

Schools

  • High school:Thomas Jefferson
  • Middle school:Albert Hill
  • Elementary school:Lois-Harrison Jones

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$935,000
  • Price per sq. ft.:$392.2
  • Tax amount:$5,424 (2025)

Features and amenities

  • Appliances:Tankless Water Heater

Parking

  • Parking description:No Garage, On Street
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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