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2000 Lamb Avenue, 
Richmond, VA 23222

$1,275,000


Bed


Bath


5,692

Sq Ft


Multi-Family

Active

Listed by

Justin Sledd

Thomas Rosman

One South Commercial LLC.

804-266-8831

Last updated:

April 4, 2026, 02:21 PM

MLS#

2602856

Source:

RV

About This Home

2000 Lamb Avenue

2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention. Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow.

Home Facts

Multi-Family

Built in 1969

Price Summary

1,275,000

$223 per Sq. Ft.

MLS #:

2602856

Last Updated:

April 4, 2026, 02:21 PM

Added:

2 month(s) ago


Rooms & Interior

Interior

Living Area:

5,692 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

5,692 Sq. Ft.

Year Built:

1969


Lot

Lot Size (Sq. Ft):

10,476


Finances & Disclosures

Finances

Price:

$1,275,000

Price per Sq. Ft:

$223 per Sq. Ft.

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The 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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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.