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$ 445,000
$ 474,950 6.3%
317 S Granby ST Richmond, VA 23220
2,170 SqFt
UPDATED:
Key Details
Sold Price $445,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,170 sqft
Price per Sqft $205
MLS Listing ID 2606586
Sold Date 05/21/26
Style Two Story
Construction Status Actual
HOA Y/N No
Year Built 1925
Annual Tax Amount $4,776
Tax Year 2025
Lot Size 3,075 Sqft
Acres 0.0706
Property Sub-Type Duplex
Property Description
Unit A offers approximately 800 sq ft and is currently leased at $1,270/month plus $80 pet rent ($1,415 total), with a lease term through 05/31/2026. This unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Estimated market rent ranges from $1,700–$1,750, presenting an excellent value-add opportunity.
Unit B features a more spacious layout at approximately 1,085 sq ft and is leased at $1,335/month through 06/07/2027. Similar to Unit A, this unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Market rent is also projected at $1,700–$1,750.
Both tenants pay all utilities, minimizing owner expenses. Interior highlights across the property include hardwood flooring, ceramic tile, stainless steel appliances, ceiling fans, and built-in bookshelves, creating a desirable living space for tenants. Exterior features include a charming front porch and fenced rear yard, adding to tenant appeal.
With stable leases already in place and room to increase rents over time, this property offers a strong combination of immediate cash flow and long-term appreciation potential. Renewal status to be confirmed, providing flexibility for future planning.
Don't miss this opportunity to own a solid, income-generating property with built-in upside!
Location
State VA
County Richmond City
Area 10 - Richmond
Direction Turn right onto W Cary St (VA-147 N) Turn right onto S Meadow St. Turn left onto Grayland Ave. Turn right onto S Granby St.
Rooms
Basement Crawl Space
Interior
Appliance Electric Water Heater
Exterior
Fence None
Roof Type Shingle
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Brick
Construction Status Actual
Schools
Elementary Schools Lois-Harrison Jones
Middle Schools Albert Hill
High Schools Thomas Jefferson
Others
Tax ID W000-0806-057
Ownership Corporate
Financing Cash
Special Listing Condition Corporate Listing
Bought with Fathom Realty Virginia