3427 W Franklin ST, Richmond, VA 23221
3427 W Franklin ST, Richmond, VA 23221
3427 W Franklin ST, Richmond, VA 23221
3427 W Franklin ST, Richmond, VA 23221
3427 W Franklin ST, Richmond, VA 23221
3427 W Franklin ST, Richmond, VA 23221
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$ 624,950
Est. payment | /mo

1,810 SqFt


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$ 624,950
Est. payment | /mo
Save

1,810 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,810 sqft

Price per Sqft $345

MLS Listing ID 2624045

Style Two Story

Construction Status Actual

HOA Y/N No

Year Built 1951

Annual Tax Amount $6,384

Tax Year 2025

Lot Size 8,398 Sqft

Acres 0.1928

Lot Dimensions 60 X 140

Property Sub-Type Duplex

Property Description

Looking for a great investment or a potential future owner-occupant situation? This duplex is set in a great Museum District location. 3427 W. Franklin Street sits along one of Richmond's established residential corridors just a block off the beloved Gas Light block in the Museum District. This classic brick duplex offers two separately rented apartments with identical floor plans and a strong combination of character, practical improvements, and an excellent location. The property sits on a large lot with potential for off-street parking and/or space for a garage, and because it was purpose-built as a duplex, the layout is exceptionally functional. All utilities are separately metered for each unit, a real plus for investors and owner-occupants alike.

Each apartment offers two bedrooms and one full bath with hardwood floors, well-proportioned rooms, abundant natural light, and an in-unit stackable washer and dryer. The kitchens feature traditional wood cabinetry, a gas range, refrigerator, and updated flooring, while the baths include a newer vanity, tiled tub surround, and updated flooring. Additional improvements include electrical and lighting updates and refinished hardwood floors throughout. Both apartments are currently rented, providing existing rental income from the outset.

Property improvements completed over time include vinyl replacement windows, a dimensional roof, deck improvements and updated deck flooring, a newer shed roof, and additional mechanical and interior updates.

With its brick construction, hardwood floors, two identical and independent residences, separate utilities, and desirable West Franklin Street setting just steps from the Gas Light block, this is a well-positioned opportunity to acquire an established income-producing property in one of Richmond's most sought-after residential areas.

Location

State VA

County Richmond City

Area 10 - Richmond

Direction Head west on Monument Avenue. Turn right onto N. Rosenheath Rd. Turn right onto W. Franklin Street. 3427 W. Franklin Street will be on your right

Rooms

Basement Crawl Space

Interior

Interior Features Bedroom on Main Level, En Suite Bathroom, Full Bath on Main Level, Laminate Counters, Main Level Primary

Appliance Gas Water Heater

Laundry Washer Hookup, Dryer Hookup, Stacked

Exterior

Exterior Feature Out Building(s), Storage, Shed

Fence Back Yard, Chain Link, Fenced, Wood

View Y/N Yes

View City

Roof Type Composition

Porch Balcony, Rear Porch, Deck

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Two Story

Level or Stories Two

Additional Building Outbuilding

Structure Type Brick,Drywall

Construction Status Actual

Schools

Elementary Schools Fox

Middle Schools Albert Hill

High Schools Thomas Jefferson

Others

Tax ID W000-1620-004

Ownership Individuals

Central Virginia Regional MLS (CVR MLS)
Listed by PARK 27

Nearby Locations

John Tiller

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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3427 W Franklin ST