3203 Ellwood AVE, Richmond, VA 23221
3203 Ellwood AVE, Richmond, VA 23221
3203 Ellwood AVE, Richmond, VA 23221
20
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$915,000
$935,000 2.1%
Est. payment /mo
2,384 SqFt
Sold on 08/31/2026

3203 Ellwood AVE Richmond, VA 23221

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Mike Sanchez
Mike Sanchez

Agent License ID: 0225268858

+1(804) 721-6296

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Key Details

Sold Price $915,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,384 sqft

Price per Sqft $383

MLS Listing ID 2617418

Sold Date 08/31/26

Style Two Story

Construction Status Approximate

HOA Y/N No

Year Built 1923

Annual Tax Amount $5,424

Tax Year 2025

Lot Size 2,121 Sqft

Acres 0.0487

Property Sub-Type Quadruplex

Property Description

Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased, with all four apartments generating $1,499 per month, providing stable, in-place cash flow from day one. New Lease for Unit A starting Aug 1 for $1549 a month. Each unit is separately metered, with tenants responsible for all utilities, helping to minimize operating expenses. Just steps from Carytown's acclaimed restaurants, local boutiques, coffee shops, and entertainment, the property offers an exceptional walkable lifestyle that continues to drive strong tenant demand. Whether you're seeking a turnkey investment or a long-term hold in one of Richmond's premier neighborhoods, 3203 Ellwood Avenue is an outstanding opportunity.

Location

State VA

County Richmond City

Area 10 - Richmond

Rooms

Basement Crawl Space

Interior

Appliance Tankless Water Heater

Exterior

Fence None

Roof Type Built-Up

Porch Balcony

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Two Story

Level or Stories Two

Structure Type Brick,Drywall,Plaster

Construction Status Approximate

Schools

Elementary Schools Lois-Harrison Jones

Middle Schools Albert Hill

High Schools Thomas Jefferson

Others

Tax ID W000-1454-012

Ownership Individuals

Financing Cash

Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC
Bought with NON MLS OFFICE

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Mike Sanchez

Mike Sanchez

Agent License ID: 0225268858

+1(804) 721-6296

Name
Phone*
Message

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3203 Ellwood AVE