4 S Auburn Avenue, Richmond, VA 23221
Local realty services provided by:CENTURY 21 Nachman Realty
4 S Auburn Avenue,Richmond, VA 23221
$975,000
- - Beds
- - Baths
- 2,360 sq. ft.
- Multi-family
- Active
Listed by: justin sledd, thomas rosman
Office: one south commercial llc.
MLS#:2609555
Source:RV
Price summary
- Price:$975,000
- Price per sq. ft.:$413.14
About this home
This turnkey property offers investors and owner-occupants alike the rare opportunity to acquire a stabilized asset with modern upgrades, strong in-place income, and long-term upside. The property has undergone a comprehensive renovation, featuring new kitchens with stainless steel appliances, updated bathrooms, new LVP flooring, and efficient mini-split heating and cooling systems throughout. Additional capital improvements include rebuilt front and rear porches, a new front stair entry, and fresh exterior paint, all contributing to the property’s strong curb appeal and long-term durability. Each unit is separately metered, allowing for streamlined operations and reduced landlord expenses. All units are currently leased at $1,499 per month, demonstrating the property’s strong rental performance and positioning within the market. Unit A has been intentionally left vacant to accommodate showings, while also presenting an ideal opportunity for an owner-occupant to offset housing costs with rental income. Located just steps from Carytown’s premier retail and dining corridor, the property benefits from exceptional walkability to restaurants, coffee shops, boutiques, and everyday conveniences. This highly desirable location continues to drive consistent tenant demand, making 4 S Auburn Avenue a compelling investment in one of Richmond’s most resilient rental submarkets.
Investment Highlights
• Fully renovated multifamily property in the heart of Carytown
• All units leased at $1,499/month (Unit A vacant for showings)
• Ideal investment or owner-occupant opportunity
• Separately metered utilities for all units
• Strong in-place income with proven rental demand
• Located in one of Richmond’s most walkable and desirable neighborhoods
Financial Overview
• Gross Rental Income: $72,000 annually
• Real Estate Taxes: $6,240 annually
• Insurance: $2,340 annually
• Utilities: Separately Metered - Tenant Expense...
Contact an agent
Home facts
- Year built:1913
- Listing ID #:2609555
- Added:1 day(s) ago
- Updated:April 14, 2026 at 11:56 PM
Rooms and interior
- Basement:Yes
- Basement Description:Crawl Space
- Living area:2,360 sq. ft.
Structure and exterior
- Roof:Built-Up
- Year built:1913
- Building area:2,360 sq. ft.
- Lot area:0.06 Acres
- Architectural Style:Two Story
- Construction Materials:Block, Brick
- 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:$975,000
- Price per sq. ft.:$413.14
- Tax amount:$5,748 (2025)
New listings near 4 S Auburn Avenue
- New
$1,250,000Active4 beds 3 baths2,678 sq. ft.6317 Ridgeway Road, Richmond, VA 22226
MLS# 2608896Listed by: THE STEELE GROUP - Open Sat, 2 to 4pmNew
$545,000Active3 beds 3 baths2,000 sq. ft.4801 Brook Road, Richmond, VA 23227
MLS# 2606587Listed by: SAMSON PROPERTIES - Open Sat, 2 to 4pmNew
$560,000Active3 beds 2 baths1,586 sq. ft.4014 Clinton Avenue, Richmond, VA 23227
MLS# 2606591Listed by: SAMSON PROPERTIES - New
$359,900Active4 beds 2 baths1,818 sq. ft.2206 Lancers Boulevard, Richmond, VA 23224
MLS# 2609558Listed by: RE/MAX COMMONWEALTH - New
$75,000Active0.15 Acres2800 Fairfield Avenue, Richmond, VA 23223
MLS# 2609559Listed by: KELLER WILLIAMS REALTY
$195,000Pending3 beds 2 baths1,235 sq. ft.1724 Alaska Drive, Richmond, VA 23224
MLS# 2609233Listed by: RE/MAX COMMONWEALTH- Open Sun, 1 to 4pmNew
$399,900Active3 beds 3 baths1,682 sq. ft.1319 N 28th Street, Richmond, VA 23223
MLS# 2609521Listed by: SAMSON PROPERTIES - New
$323,835Active3 beds 3 baths1,520 sq. ft.5245 Encore Autumn Walk #I-57, Henrico, VA 23227
MLS# 2609532Listed by: LONG & FOSTER REALTORS - Open Sat, 12:30 to 4:30pmNew
$675,000Active3 beds 3 baths2,093 sq. ft.5316 Sylvan Road, Richmond, VA 23225
MLS# 2607690Listed by: LONG & FOSTER REALTORS