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618 N 32nd Street, 
Richmond, VA 23223

$1,050,000


Bed


Bath


2,700

Sq Ft


Multi-Family

Pending

Listed by

Corey Chandler

eXp Realty LLC.

804-729-5188

Last updated:

September 15, 2025, 02:59 AM

MLS#

2525892

Source:

RV

About This Home

618 N 32nd Street

Exceptional investment opportunity in Richmond offering $96,000 gross annual income! This fully renovated 4-unit property is not only turnkey, but also delivers the highest rental rate per unit among all quadplex sales in the Downtown Richmond area. With long-term tenants in place and quality upgrades throughout, this asset offers immediate cash flow and minimal ongoing responsibilities. Each unit is on a 3-year lease generating a combined annual gross rent of $96,000—a strong return with no property management needed and virtually zero maintenance. Whether you're a seasoned investor or looking to enter the multifamily market, this property offers stability, performance, and peace of mind—all with top-tier rental income already secured. 620 N 32nd Also for sale with identical offering and prefered to sell together. Also offered with the sale is 3108 E Leigh St Rear for parking with the ability to add paid parking for neighboring tenants!

Home Facts

Multi-Family

Built in 1925

Price Summary

1,050,000

$388 per Sq. Ft.

MLS #:

2525892

Last Updated:

September 15, 2025, 02:59 AM

Added:

3 day(s) ago


Rooms & Interior

Interior

Living Area:

2,700 Sq. Ft.


Structure

Structure

Architectural Style:

Two Story

Building Area:

2,700 Sq. Ft.

Year Built:

1925


Lot

Lot Size (Sq. Ft):

2,752


Finances & Disclosures

Finances

Price:

$1,050,000

Price per Sq. Ft:

$388 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 © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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