Richmond, VA 23222 2304 5th Avenue

$359,500

Pending
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Presented By: Justin Sledd with One South Commercial LLC.
  • Central Virginia Regional MLS (CVRMLS) - 11 - VA
  • MLS# 2507066
  • 03/20/2025
  • SQFT • 2,068

Home Details

Located in Richmond’s rapidly evolving North Highland Park neighborhood, 2304 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, with a total income of $2,565 per month in rental income. 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. 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, 2304 5th Avenue offers stable cash flow in a city primed for sustained growth.
Presented By: Justin Sledd with One South Commercial LLC.

Interior Features for 2304 5th Avenue

Bathrooms

Half Baths0
Total Baths

Other Interior Features

Air Conditioning Y/NNo
BasementCrawlSpace
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Total Stories2

Other Rooms

General for 2304 5th Avenue

Additional Parcels Y/NNo
Architectural StyleTwoStory
Attached Garage No
Carport Y/NNo
Construction MaterialsAluminumSiding, VinylSiding, WoodSiding
CountyRichmond City
Electric On Property Y/NNo
Elementary SchoolOverby-Sheppard
Full Baths
Garage Y/NNo
HOANo
High SchoolJohn Marshall
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size UnitsAcres
MLS Area30 - Richmond
Middle/Junior High SchoolHenderson
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
OwnershipIndividuals
Ownership TypeSoleProprietor
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofBuiltUp
Senior Community Y/NNo
SewerPublicSewer
Standard StatusPending
StatusPending
Stories2
Subdivision NameChestnut Hills
Tax Annual Amount2868.0
Tax Assessed Value250000
Tax LotB32
Tax Year2024
Waterfront Y/NNo
Year Built2007
Year Built DetailsApproximate
Zoning DescriptionR-6

Exterior for 2304 5th Avenue

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1442
Lot Size Area0.1442
Open Parking Y/NNo
SpaNo
Water SourcePublic

Additional Details

Price History

Schools

Middle School Henderson Middle School
High School John Marshall High School
Elementary School Overby-Sheppard Elementary School

Nicole Asbell

Associate
Price $359,500
MLS#2507066
List Date 03/20/2025
Property Type Pending
Phone 804.926.9686
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