1421-1422 Bainbridge St 19 Unit Apartment Building For Sale Richmond, VA 23224

CBRE is pleased to present 1421 & 1422 Bainbridge Street, a premier residential portfolio developed in 2024 and located in the high-growth Manchester submarket of Richmond, VA. This fully-stabilized asset offers a rare combination of modern, high-quality construction and immediate cash flow, boasting a 100% occupancy rate. The portfolio represents a “turn-key” investment with minimal near-term capital expenditure requirements, providing long-term durability in one of the country’s strongest secondary rental markets.
The opportunity provides instant scale in Richmond’s most active urban revitalization corridor, Manchester. Surrounded by a wave of stylish historic adaptive reuse and hip new-construction multifamily projects, these properties benefit from the submarkets maturation of increasing density and rising land values. The portfolio’s strategic location offers residents a highly walkable lifestyle with direct proximity to Old Towne Manchester, major downtown employment centers, and the scenic James River. This connectivity ensures a diverse tenant pool and strong retention in a submarket defined by its vibrant energy and urban appeal.
Manchester serves as a primary engine for Richmond’s urban growth, attracting a diverse demographic of Millennials and Generation Z who prioritize transit-oriented, amenity-rich living. As the neighborhood continues to evolve with expanding retail, dining, and professional services, 1421–1422 Bainbridge Street stands as a cornerstone asset within this proven growth corridor. By combining stable in-place income with the long-term appreciation potential of the Richmond MSA, this portfolio offers a sophisticated investment vehicle for buyers seeking to capitalize on the ongoing urban densification of the Mid-Atlantic.