Richmond, VA 23221 8 N Colonial Avenue

$750,000

Pending
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Presented By: Tyler Rackley with GO Real Estate Inc.
  • Central Virginia Regional MLS (CVRMLS) - 11 - VA
  • MLS# 2509743
  • 04/11/2025
  • SQFT • 2,598

Home Details

**Owner Financing Available** Great investment opportunity in the heart of Richmond’s Museum District. This well-maintained multi-family property features two income-generating units with strong rental history and high occupancy. Located in a highly walkable, desirable area near Carytown, shops, dining, museums, and VCU, it’s perfect for investors or owner-occupants looking for a prime location with long-term value.
Presented By: Tyler Rackley with GO Real Estate Inc.

Interior Features for 8 N Colonial Avenue

Bathrooms

Half Baths0
Total Baths

Other Interior Features

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

Other Rooms

General for 8 N Colonial Avenue

Additional Parcels Y/NNo
AppliancesElectricWaterHeater
Architectural StyleTwoStory
Attached Garage No
Carport Y/NNo
Construction MaterialsBrick, WoodSiding
CountyRichmond City
DirectionsTake VA-195, take exit toward Meadow St, merge on Parkwood, turn right on meadow, left on W Main, turn right onto N Colonial, house is on the left.
Electric On Property Y/NNo
Elementary SchoolLois-Harrison Jones
Full Baths
Garage Y/NNo
Gross Income46897.0
HOANo
High SchoolThomas Jefferson
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size UnitsAcres
MLS Area10 - Richmond
Middle/Junior High SchoolAlbert Hill
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
OwnershipIndividuals
Ownership TypeSoleProprietor
Patio/Porch FeaturesBalcony
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
RoofMetal
Senior Community Y/NNo
SewerPublicSewer
Standard StatusPending
StatusPending
Stories2
Subdivision NameNone
Tax Annual Amount6480.0
Tax Assessed Value540000
Tax Year2024
Waterfront Y/NNo
Year Built1924
Year Built DetailsActual

Exterior for 8 N Colonial Avenue

Crops Included Y/NNo
FencingFenced, Partial
Horse Y/NNo
Irrigation Water Rights Y/NNo
Open Parking Y/NNo
Parking FeaturesNone, OnStreet
SpaNo
Water SourcePublic

Additional Details

Price History

Schools

Middle School Albert Hill Middle School
High School Thomas Jefferson High School
Elementary School Lois-Harrison Jones Elementary School

Philip Innes

Associate
Price $750,000
MLS#2509743
List Date 04/11/2025
Property Type Pending
Phone 804.357.5371
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