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2400 Barton AVE Richmond, VA 23222
18,972 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 18,972 sqft
Price per Sqft $144
MLS Listing ID 2616720
Style Tri-Level
Construction Status Approximate
HOA Y/N No
Year Built 1940
Annual Tax Amount $19,644
Tax Year 2025
Lot Size 0.375 Acres
Acres 0.3747
Property Sub-Type Multi Family
Property Description
2400 Barton Avenue presents an opportunity to acquire an 18-unit apartment community in Richmond's rapidly evolving Northside neighborhood. Situated prominently on the corner of Barton Avenue and East Graham Road, the property benefits from excellent visibility, abundant natural light, and a larger land footprint than many comparable apartment communities in the area. Since acquiring the property, ownership has invested more than $300,000 in capital improvements, enhancing the property's condition and positioning it for continued growth. The expansive corner parcel provides additional open space and flexibility, creating a valuable amenity for residents today while offering future ownership the opportunity to explore additional uses of the excess land, subject to applicable approvals. Residents enjoy convenient access to the thriving Brookland Park Boulevard corridor, home to neighborhood favorites such as The Smoky Mug, along with an expanding collection of restaurants, coffee shops, breweries, and locally owned retailers that continue to drive Northside's transformation into one of Richmond's most dynamic neighborhoods.
The current rent roll demonstrates stable occupancy while also presenting a compelling opportunity for future income growth. Comparable renovated two-bedroom apartments in the immediate area are achieving rents of approximately $1,450 per month, providing investors with a clear path to increasing revenue through strategic unit turnover and continued asset management.
Combining a desirable all two-bedroom unit mix, substantial recent capital investment, a prominent corner location, additional land area, and proximity to one of Richmond's most active neighborhood commercial districts, 2400 Barton Avenue offers an attractive opportunity to acquire a well-positioned multifamily asset with both strong in-place income and meaningful upside potential.
The current rent roll demonstrates stable occupancy while also presenting a compelling opportunity for future income growth. Comparable renovated two-bedroom apartments in the immediate area are achieving rents of approximately $1,450 per month, providing investors with a clear path to increasing revenue through strategic unit turnover and continued asset management.
Combining a desirable all two-bedroom unit mix, substantial recent capital investment, a prominent corner location, additional land area, and proximity to one of Richmond's most active neighborhood commercial districts, 2400 Barton Avenue offers an attractive opportunity to acquire a well-positioned multifamily asset with both strong in-place income and meaningful upside potential.
Location
State VA
County Richmond City
Area 30 - Richmond
Rooms
Basement Unfinished
Exterior
Roof Type Flat
Garage No
Building
Story 3
Sewer Public Sewer
Water Public
Architectural Style Tri-Level
Level or Stories Three Or More, Multi/Split
Structure Type Brick
Construction Status Approximate
Schools
Elementary Schools Overby-Sheppard
Middle Schools Henderson
High Schools John Marshall
Others
Tax ID N000-0541-011
Ownership Individuals
Listed by One South Commercial LLC