Richmond, VA 23221,3425 W Franklin ST
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Richmond, VA 23221,3425 W Franklin ST
Richmond, VA 23221,3425 W Franklin ST
Richmond, VA 23221,3425 W Franklin ST
Richmond, VA 23221,3425 W Franklin ST

$625,000

Est. payment /mo

$599,000

4.3%
Est.Price: ?

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3425 W Franklin ST Richmond, VA 23221

1,906 SqFt

SOLD DATE : 12/10/2025

Key Details

Sold Price $625,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,906 sqft

Price per Sqft $327

MLS Listing ID 2531089

Sold Date 12/10/25

Style Colonial,Two Story

Construction Status Actual

HOA Y/N No

Year Built 1951

Annual Tax Amount $6,468

Tax Year 2025

Lot Size 8,398 Sqft

Acres 0.1928

Property Sub-Type Duplex

Property Description

Outstanding all-brick duplex in the heart of the coveted Museum District! This well-maintained property sits proudly on a large corner lot and offers an exceptional opportunity for both owner-occupants and savvy investors. The building is fully rented with amazing long-term tenants who would love to stay, providing immediate stability and strong cash flow.

Each spacious apartment features 2 bedrooms and 1 full bath, separate utilities, and a consistent rental history—currently renting for approximately $1,500 per month per unit. With solid income and separate metering, the property cash flows with a conventional mortgage at today's rates and list price, making it a rare turnkey investment in one of Richmond's most desirable, walkable neighborhoods.

All-brick construction, classic charm, and unbeatable proximity to museums, restaurants, Carytown, breweries, parks, and major commuter routes ensure ongoing tenant demand. Whether you're expanding your portfolio or looking to live in one unit while renting the other, this duplex offers the perfect blend of stability, location, and long-term upside.

Don't miss this incredible Museum District opportunity!

Location

State VA

County Richmond City

Area 10 - Richmond

Rooms

Basement Crawl Space

Exterior

Exterior Feature Out Building(s)

Fence None

Garage No

Building

Lot Description Corner Lot, Dead End, Level

Story 2

Sewer Public Sewer

Water Public

Architectural Style Colonial, Two Story

Level or Stories Two

Additional Building Outbuilding

Structure Type Brick,Block

Construction Status Actual

Schools

Elementary Schools Lois-Harrison Jones

Middle Schools Albert Hill

High Schools Thomas Jefferson

Others

Tax ID W000-1620-006

Ownership Corporate

Financing Cash

Special Listing Condition Corporate Listing

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Central Virginia Regional MLS (CVR MLS)
Listed by The Steele Group
Bought with Bryan Lewis Homes and Land

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Corby Hicks
Corby Hicks

REALTOR® | License ID: 0225219826

+1(804) 937-7540

2314 W Main St, Richmond, VA, 23220

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