Virginia
Richmond
2111 Maplewood Ave

$825,000

2111 Maplewood Ave, Richmond, VA 23220

3,132 sqft

Multi-Family Home
Built in 1924
3,785sqft lot
—— car garage
$263/sqft
Listed 2 months ago

Property Description

Welcome to 2111 Maplewood Avenue in the heart of RVA's Byrd Park neighborhood. This rare all-brick Quad apartment building (4 units of 780 sqft and 2 Bedrooms & 1 full bathroom each) has an outstanding rental history and a fantastic location. Perfect for city workers, VCU students or people who love to walk/run/bike in the nearby Byrd Park & Maymont! All utilities and systems are on separate meters and each unit features central air w/ gas heat, Private assigned parking behind the building and washer/dryer hook-ups in-unit. All units were refreshed with updated flooring and systems less than 10 years ago. The block has beautiful curb appeal and will be a sound investment for years to come. Unit D was recently leased through March of 2026 for $1425 per month. Unit A & Unit B are recently vacant and being rented for $1450 each & unit C renewed for $1300 through June 30, 2026. Total monthly rental income is $5,600 monthly, for a roughly 7.75% CAP Rate. Recent updates include: All new roof system in 2020, New Gas Furnace in Unit B 10/2024, New Electric Water Heater in Unit C 4/2025 and a fully remodeled crawl space completed in 3/2025: including new poly liner & insulation. This is a rare Byrd Park area multi-family opportunity to own a solid 4-unit investment property with great cash flow and RVA rental rates that only going up each year! *Note: The posted interior photos are from Unit A in 2024 - All 4 Units have the same flooring & finishings.*

Listing Status:: Active
Listing Office:: BHHS PenFed Realty : (804) 320-1391
Listing Agent:: Aaron Gilbert : (804) 868-0080
MLS ID:: 2510036

General: Ceiling Fan(s)Eat-in KitchenHigh Speed InternetLaminate CountersCable TVWired for Data
Appliances: Electric Water HeaterWater Heater
Laundry: Washer HookupDryer HookupStacked
Basement: Crawl Space

This listing courtesy of Aaron Gilbert, BHHS PenFed Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Amelia Street Special Education

1821 Amelia St, Richmond, VA, 23220

Grades PK-12

0.40 miles away

Albert Hill Middle School

3400 Patterson Ave, Richmond, VA, 23221

Grades 6-8

1.37 miles away

Thomas Jefferson High School

4100 W Grace St, Richmond, VA, 23230

Grades 9-12

2.05 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.