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Sold on 02/15/2019
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308 Covington Rd, Richmond, VA 23225

$343,000

Last sold 02/15/2019 for $142K

  • —

    bed

  • —

    bath

  • 1,666

    Sqft ($86/Sqft)

Multi-family not for sale
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About 308 Covington Rd

Property type Multi-family
Neighborhood
Year built 1957
HOA fee $0/month
Lot size 0.34 Acre
Movoto estimate
Rental estimate
Property description
Excellent opportunity for owner occupant or investor to own this clean Ranch Style 1-level Duplex near Jahnke Road and Forest Hill Avenue. Live in one side and rent out the other or take advantage of the $16,000+ Annual gross income. Each unit is totally separate and contains 2 Bedrooms, 1 Full Bath, living room, eat-in kitchen, walk in laundry room has storage & washer/dryer hook ups, and new updated electric panel box with separate utilities/meters. Unit A includes stove, washer, dryer and new SS refrigerator. Unit B includes stove only. Large private wooded backyard is fenced. Seller recently invested over $4500 in new landscaping, hardscapes, plantings and driveways. Tenant pays all utilities. Easy to rent and great rental history due to its convenient location. This property has only had 2 owners since it was built as it has been an excellent investment. Will consider owner financing with 25% down payment. While no known defects property being sold “As Is “.
Listed by
Listing Agent - Ryan Sanford
Listing Office - RE/MAX Commonwealth
Source: Central Virginia Regional MLS mls logo
MLS#1901484 • last updated 1 year ago
Movoto checked Central Virginia Regional MLS for data 8 minutes ago
Overview
Levels/Style One, Ranch
Type Residential Income
SubType Duplex
VIrtual Tour Https://www.homesandland.com/UnbrandedVirtualTour/?56022865&VirtualTourId=6406551
MLS # 1901484
SqFt 1666
Status Closed
Lot Size (Acres) 0.3432
Annual Property Tax 1188
Year Built 1957
Interior
Laundry Dryer Hookup
Appliances Electric Water Heater
Exterior
Roof Composition, Shingle
Lot Desc Level
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Security Features Security System
Location
Subdivision Forest View Heights
Elementary School Redd
High School Huguenot
Middle School Lucille Brown
APN C005-0937-016
Directions Take Forest Hill Avenue To Jahnke Rd., Go Approx. 1/4 Mile To Cross RR Tracks And Turn Left On Boroughbridge Rd. Until It Changes Names To Covington Rd In The Curve. House Will Be On Your Right.
Zoning R-3
Multifamily Details
Gross Income 16140
$343K
Range: $274K-$411K
Last 30 days 
Rental est.: $738/month
Gross rent multiplier: 16.1
  • Dec 2023
    Public Records
  • Dec 13, 2023 Sold
    $315,000
  • Dec 2023
    mls logo MLS # 2326419
  • Dec 13, 2023 Sold
    $315,000
  • Nov 10, 2023 Pending
    —
  • Oct 30, 2023 Listed
    $315,000 (+120.4%)
  • Feb 2019
    mls logo MLS # 1901484
  • Feb 19, 2019 Sold
    $142,950
  • Jan 18, 2019 Pending
    —
  • Jan 16, 2019 Listed
    $142,950
  • Feb 2019
    Public Records
  • Feb 19, 2019 Sold
    $142,950
  • Year Property taxes Tax assessment
  • 2025
    $3,648 +49.8%
    $334,000 +64.53%
  • 2023
    $2,436 +50.4%
    $203,000 +3.57%
  • 2020
    $1,620 +9.8%
    $196,000 +59.35%
  • 2019
    $1,476 +24.2%
    $123,000 +24.24%
  • 2018
    $1,188 -4.8%
    $99,000
  • 2014
    $1,248
    $99,000
  • 308 Covington Rd
    $142K
  • Westover
    $335K +36% y/y
  • 23225
    $379K +10% y/y
  • Richmond
    $359K +1% y/y
No chart available
Statistics calculated by Movoto

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2/10
Elizabeth D. Redd Elementary School
public Grades PK, K-5
Richmond City Public Schools
2/10
Lucille M. Brown Middle School
public Grades 6-8
Richmond City Public Schools
10/10
Open High School
public Grades 9-12
Richmond City Public Schools
2/10
Huguenot High School
public Grades 9-12
Richmond City Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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