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Andrew Broocker

andrew.broocker@engelvoelkers.com +1(804) 306-6098

$ 2,750,000

Est. payment -/mo

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Active

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.

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

Andrew Broocker

Advisor

+1(804) 306-6098

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