1. Virginia
  2. Richmond
  3. 2308 5th Ave
$359,500

2308 5th Ave, Richmond, VA 23222

  • 2,068 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 2007
  • Property Lot Size Icon6,286sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $174/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Located in Richmond’s rapidly evolving North Highland Park neighborhood, 2308 5th Avenue presents a turnkey investment opportunity in a city with a strong local economy and growing job market. This duplex property features two fully leased 2-bedroom, 1-bathroom units, generating a gross monthly income of $2,025 per month in rental income (Unit A $850/Unit B $1,175). Residents enjoy modernized interiors with central air, in-unit washer/dryer, dishwashers, and updated finishes. Tenants cover all utilities, including water, trash, and electricity, ensuring low owner expenses. Off-street parking in the rear adds to the property’s appeal. Rents are below market and can easily be increased to market at the time of renewal. With North Highland Park experiencing increased investment and revitalization, this asset benefits from the area's continued appreciation. Whether you're a seasoned investor or looking to expand your portfolio, 2308 5th Avenue offers stable cash flow in a city primed for sustained growth.

Listing Status:
Active
Listing Office:
One South Commercial LLC : (804) 266-8831
Listing Agent:
Justin Sledd : (804) 307-4060
MLS ID:
2507069
  • Basement: Crawl Space

This listing courtesy of Justin Sledd, One South Commercial LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

O

Overby-Sheppard Elementary School

2300 1st Ave, Richmond, VA, 23222

Grades PK-5

0.32 miles away

M

Martin Luther King, Jr. Middle School

1000 Mosby St, Richmond, VA, 23223

Grades 6-8

1.37 miles away

R

Richmond Community High School

201 E Brookland Park Blvd, Richmond, VA, 23222

Grades 9-12

0.81 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.

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