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Northside Fully Leased Built-As Quadplex 4913 Chamberlayne Ave 4 Unit Apartment Building $750,475 CAD ($187,619 CAD/Unit) Richmond, VA 23227
Investment Highlights
- Built as quadplex (separately metered utilities)
- Oversized lot with development potential (0.361 AC)
- Off street parking
- Fully leased
- Value-add opportunity
Executive Summary
Located along the growing Chamberlayne Avenue corridor in Richmond’s Northside, 4913 Chamberlayne Avenue is a well-maintained as-built four-unit multifamily property
offered fully leased, providing immediate and stable cash flow for investors.
Each unit is separately metered for utilities, creating operational efficiency and minimizing owner expenses while appealing to tenants seeking independent living arrangements. The property’s strong in-place occupancy and desirable unit mix position it as an attractive, low-management investment within a steadily improving submarket.
Situated on a generously oversized lot, the property also offers compelling long-term upside with potential for additional development, ADU or expansion, subject to zoning and approvals. One of the four units has already been renovated, demonstrating the opportunity to further enhance rents and overall value through strategic upgrades to the remaining units. This combination of stable income, value-add potential, and future redevelopment optionality makes 4913 Chamberlayne Avenue an ideal acquisition for both seasoned and emerging multifamily investors.
offered fully leased, providing immediate and stable cash flow for investors.
Each unit is separately metered for utilities, creating operational efficiency and minimizing owner expenses while appealing to tenants seeking independent living arrangements. The property’s strong in-place occupancy and desirable unit mix position it as an attractive, low-management investment within a steadily improving submarket.
Situated on a generously oversized lot, the property also offers compelling long-term upside with potential for additional development, ADU or expansion, subject to zoning and approvals. One of the four units has already been renovated, demonstrating the opportunity to further enhance rents and overall value through strategic upgrades to the remaining units. This combination of stable income, value-add potential, and future redevelopment optionality makes 4913 Chamberlayne Avenue an ideal acquisition for both seasoned and emerging multifamily investors.
Property Facts
| Price | $750,475 CAD | Building Class | C |
| Price Per Unit | $187,619 CAD | Lot Size | 0.36 AC |
| Sale Type | Investment | Building Size | 3,538 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1946 |
| Apartment Style | Low-Rise | ||
| Zoning | R-48 | ||
| Price | $750,475 CAD |
| Price Per Unit | $187,619 CAD |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 3,538 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1946 |
| Zoning | R-48 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Stainless Steel Appliances
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | 800 |
1 1
Property Taxes
| Parcel Number | N017-0191-003 | Improvements Assessment | $541,558 CAD |
| Land Assessment | $123,081 CAD | Total Assessment | $664,639 CAD |
Property Taxes
Parcel Number
N017-0191-003
Land Assessment
$123,081 CAD
Improvements Assessment
$541,558 CAD
Total Assessment
$664,639 CAD
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Northside Fully Leased Built-As Quadplex | 4913 Chamberlayne Ave
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