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Sold on 10/31/2024

3516 Floyd Ave, Richmond, VA 23221

$753,000

Last sold 10/31/2024 for $630K

  • —

    bed

  • —

    bath

  • 2,050

    Sqft ($308/Sqft)

Multi-family not for sale
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About 3516 Floyd Ave

Property type Multi-family
Neighborhood
Year built 1954
HOA fee $0/month
Lot size 4,678 Sqft
Movoto estimate
Rental estimate
Property description
Welcome to 3516 Floyd Avenue, this duplex is conveniently located in the Museum District, one block from Carytown. Located directly across from Fresh Market, Chipotle, Publix, Starbucks, Burton’s Grill & Bar and much more. TWO UNITS, each comprised of 2 bedrooms, 1 bath, washer/dryer, hardwood floors throughout, and private deck/patio. Totals 2,050 SF. Recent rents were $1,685 and $1,700 per unit per month. Historically there has been 0 vacancy with rent increases including during the pandemic. Both units are currently vacant to allow maximum flexibility to buyers, whether they are seeking owner-occupancy, new leases with tenants of their choice, AirBnB rental, redevelopment into a single family home, or a combination. Seller is open to providing tenants at closing. Recent CapEx includes: HVAC (both); hot water tanks (both); roof (2020), and miscellaneous items (bathroom vanities, washer/dryer in one unit, dishwasher in one unit). Additional value-add possible through light remodel.
Listed by
Listing Agent - James Nay
Listing Office - River City Elite Properties
Source: Central Virginia Regional MLS mls logo
MLS#2426823 • last updated 2 years ago
Movoto checked Central Virginia Regional MLS for data 9 minutes ago
Overview
Levels/Style Two, Two Story
Type Residential Income
SubType Duplex
MLS # 2426823
SqFt 2050
Status Closed
Lot Size (Acres) 0.1074
Annual Property Tax 6708
Year Built 1954
Interior
Basement Crawl Space
Appliances Water Heater
Exterior
Roof Shingle
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Location
Subdivision None
Elementary School Lois-Harrison Jones
High School Thomas Jefferson
Middle School Albert Hill
APN W000-1602-040
Directions Heading Downtown, Take Cary E. To Left On Thompson Right On Floyd To 3516
Zoning R-48
Multifamily Details
Gross Income 3600
$753K
Range: $677K-$828K
Last 30 days 
Rental est.: $1,737/month
Gross rent multiplier: 30.3
  • Oct 2024
    Public Records
  • Oct 31, 2024 Sold
    $630,500
  • Oct 2024
    mls logo MLS # 2426823
  • Oct 31, 2024 Sold
    $630,500 (-0.7%)
  • Oct 15, 2024 Pending
    —
  • Oct 11, 2024 Listed
    $635,000 (+51.1%)
  • Apr 2019
    Public Records
  • Apr 30, 2019 Sold
    $420,250 (+95.5%)
  • Sep 2010
    mls logo MLS # 1011987
  • Sep 21, 2010 Sold
    $215,000
  • Sep 2010
    Public Records
  • Sep 21, 2010 Sold
    $215,000
  • Year Property taxes Tax assessment
  • 2025
    $7,020 +4.7%
    $611,000 +9.3%
  • 2023
    $6,708 +76.9%
    $559,000 +5.27%
  • 2020
    $3,792 +11.3%
    $531,000 +86.97%
  • 2019
    $3,408 +8.4%
    $284,000 +8.4%
  • 2018
    $3,144 +15.9%
    $262,000
  • 2014
    $2,712
    $262,000
  • 3516 Floyd Ave
    $630K
  • The Museum District
    $604K +56% y/y
  • 23221
    $599K -4% y/y
  • Richmond
    $359K +1% y/y
No chart available
Statistics calculated by Movoto

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4/10
John B. Cary Elementary School
public Grades PK, K-5
Richmond City Public Schools
2/10
Albert Hill Middle School
public Grades 6-8
Richmond City Public Schools
3/10
Thomas Jefferson High School
public Grades 9-12
Richmond City Public Schools
10/10
Open High School
public Grades 9-12
Richmond City Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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