Multifamily Property for Sale in Richmond, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Richmond, VA 23220

Description

Exceptional Multi-Family or Hote Development Opportunity in Greater Scott's Addition

Market Context

This multifamily in Richmond, VA is listed for sale. It has been on the market for 163 days. Compare it against other multifamily listings for sale in Richmond, VA — <a href="/search/sale/multifamily/virginia/richmond">view the full market</a>.

As of Q4 2023, the Richmond multifamily market showed a 7.7% vacancy rate, and cap rates around 5.8%. Source: Www.lee-Associates.com Q4 2023 market report.

Multifamily market FAQ

What is the typical cap rate for multifamily in Richmond?
About 5.8% as of Q4 2023, per Www.lee-Associates.com.
Is the Richmond multifamily market tightening or softening?
Vacancy is around 7.7% (Q4 2023).

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