VA
Richmond City
Richmond
23220
1012 W Franklin Street
1012 W Franklin Street, Richmond, VA 23220
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Listing Type
Multi Family
Listing Status
active
27
$2,200,000

Home Details for 1012 W Franklin Street

Price
$2,200,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
8296
Year built
1900
Lot size acres
0.1056
County
Richmond City
Garage
1
Basement
Full, Finished
Days on site
13
MLS Listing#
2525661
Property Description

1012 W. Franklin St is one of Richmond’s most iconic Greystone/Granite buildings, ideally located in the popular Fan District just steps from VCU. This 8,298 sq. ft. property features SIX units, 18 bedrooms, 12 baths, plus 2 off-street parking spaces and a rear garage currently used as a workshop. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a newer roof (85% metal, 15% membrane). The property is fully leased and generates a monthly income of $14,375 and has been owned for 23 years with 100% occupancy. Notably, Unit 5 offers 1,516 sq. ft. with 3 bedrooms/2 baths ($2,505/mo) and Unit 6 offers 1,482 sq. ft. with 4 bedrooms/2 baths ($2,740/mo). With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps to all of the amenities the Fan has to offer.

Property Features
  • Parking
    • Detached
    • Garage
    • Off Street
  • House Interior
    • Ceiling Fan(s)
    • High Ceilings
  • Basement
    • Full
    • Finished
  • Cooling Information
    • Ceiling Fan(s)
  • Water Features
    • Public
  • Utilities
    • Cable Available
School Information
School Information for 1012 W Franklin Street, Richmond, VA 23220
Elementary School
Fox
Middle School
Dogwood
High School
Thomas Jefferson
Listing Courtesy: The Mueller Group LLC - 804-748-5547
Presented by: Teresa Mueller
Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are Copyright © 2025 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.
Last Updated: 2025-09-15 22:00:34
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Market statistics compiled from data from Central Virginia Regional MLS.
EXIT REALTY SUCCESS
605 Research Rd. Suite E., North Chesterfield, VA 23236
Jane Renger
Franchisee
Office
804 924 2171
Agent
804 397 9796
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