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1401 Coalter Street, 
Richmond, VA 23223

$2,400,000


Bed


Bath


14,899

Sq Ft


Multi-Family

Active

Listed by

Kenneth Byers

Matt Smith

Weichert Brockwell & Associate

804-518-0500

Last updated:

October 3, 2025, 07:56 PM

MLS#

2527845

Source:

RV

About This Home

1401 Coalter Street

Looking for that Value- Add property in the Richmond area? With this opportunity of a 20-unit apartment, multi-family property (10 bottom level, and 10 upper level with vaulted ceilings). Great for a 1031 Investment property, and or private or off-market investors. Come see this opportunistic and well positioned property, close to the Shockoe Bottom area, VCU area, I-95 interchange. Both short- and long-term tenants with average leases for $1250.00 per month. Owner currently making additional upgrades to units, with upper units having spacious vaulted ceilings. This investors portfolio is an opportunity to increase current growth, and revenue, and over time increase future leases. This gives any investor or owner the immediate cash flow that is needed for stabilization, and the growth potential through renovations and rent adjustments. On site parking and on street parking with some additional parking on the side of the property. With investment opportunities to continue to invest on internal and exterior updates, this property can be a strong candidate for increased NOI and future appreciation, and refinancing opportunities. Immediate area has blend of improved rentals, and properties that are maintained by the City of Richmond. Offering an opportunity for short- and long-term investors, and improved potential for property management all of which can offer increased income, reduced expenses, and long-term tenants for this property. Units have a mixture of window units, central air, vaulted ceilings for different unit layouts.

Home Facts

Multi-Family

Built in 1967

Price Summary

2,400,000

$161 per Sq. Ft.

MLS #:

2527845

Last Updated:

October 3, 2025, 07:56 PM

Added:

3 day(s) ago


Rooms & Interior

Interior

Living Area:

14,899 Sq. Ft.


Structure

Structure

Architectural Style:

Low Rise, Two Story

Building Area:

14,899 Sq. Ft.

Year Built:

1967


Lot

Lot Size (Sq. Ft):

25,861


Finances & Disclosures

Finances

Price:

$2,400,000

Price per Sq. Ft:

$161 per Sq. Ft.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.