Investor opportunity: a quad with a cash flow PRICED BELOW ASSESSED VALUE. This 3,143 SF house has three 1 BR units and one 2 BR unit. Located on a corner double lot, the property includes two connected houses with comfortable setbacks in an established neighborhood. The property and all its components are offered "as is" and any inspections shall be for informational purposes only. Please see the supplements for a list of which appliances convey. The gross income listed is simply the current rents annualized and includes no late fees nor delinquencies, if any. The landlord supplies electricity and water; there is no gas. The electrical service averages about $650 per month and the water about $150. Conveniently located off of Rt. 1 near I-95, Ft. Gregg Adams, Petersburg, shopping and restaurants.
Sold for $250,000
$250,000
1902 Franklin Ave, Colonial Heights, VA 23834
5beds
4baths
3,143sqft
Quadruplex, Multi Family, Multi Family
Built in 1972
-- sqft lot
$343,400 Zestimate®
$80/sqft
$1,558 Estimated rent
Home value
$343,400
$309,000 - $378,000
$1,558/mo
Zestimate® history
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$1,249/mo
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Zillow last checked:
Listing updated:
Listed by:
Jennie Dotts 804-282-7300,
Va Properties Long & Foster
Bought with:
Deborah Brown, 0225042893
RE/MAX Commonwealth
Source: CVRMLS,MLS#: 2318649
Originating MLS: Central Virginia Regional MLS
Originating MLS: Central Virginia Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Appliances
- Included: Electric Water Heater
Features
- Basement: Partial
- Attic: None
Interior area
- Total interior livable area: 3,143 sqft
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Front Porch
Lot
- Size: 7,405 Square Feet
- Features: Corner Lot
Details
- Parcel number: 2100010F012
- Zoning description: R2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other,Two Story
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Brick, Block, Mixed
- Roof: Composition
Condition
- Year built: 1972
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: A B Cook Farm
Location
- Region: Colonial Heights
Financial & listing details
- Price per square foot: $80/sqft
- Tax assessed value: $226,000
- Annual tax amount: $2,712
- Date on market: 9/2/2025
- Exclusions: See Supplement
- Ownership: Individuals
- Ownership type: Sole Proprietor
Price history
| Date | Event | Price |
|---|---|---|
| 9/29/2023 | Sold | $250,000+14.2%$80/sqft |
Source:  CVRMLS #2318649 Report a problem | ||
| 8/17/2023 | Pending sale | $219,000$70/sqft |
Source:  Long & Foster Broker Feed #2318649 Report a problem | ||
| 8/17/2023 | Contingent | $219,000$70/sqft |
Source:  REIN Inc. #10498491 Report a problem | ||
| 8/9/2023 | Listed for sale | $219,000-4.8%$70/sqft |
Source: CVRMLS #2318649 Report a problem | ||
| 12/22/2017 | Listing removed | $230,000$73/sqft |
Source: Harris & Assoc, Inc #1707248 Report a problem | ||
| 8/10/2017 | Listed for sale | $230,000$73/sqft |
Source: Harris & Assoc, Inc #1707248 Report a problem | ||
| 6/23/2017 | Listing removed | $230,000$73/sqft |
Source: Harris & Assoc, Inc #1707248 Report a problem | ||
| 6/16/2017 | Listed for sale | $230,000$73/sqft |
Source: Harris & Assoc, Inc #1707248 Report a problem | ||
| 6/16/2017 | Pending sale | $230,000$73/sqft |
Source: Harris & Assoc, Inc #1707248 Report a problem | ||
| 3/1/2017 | Listed for sale | $230,000$73/sqft |
Source: Harris & Assoc, Inc #1707248 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,944 | $245,300 |
| 2024 | $2,944 +8.5% | $245,300 +8.5% |
| 2023 | $2,712 | $226,000 |
| 2022 | $2,712 +18% | $226,000 +18% |
| 2021 | $2,298 | $191,500 |
| 2020 | $2,298 +9.4% | $191,500 +9.4% |
| 2019 | $2,101 | $175,100 |
| 2018 | $2,101 +9.1% | $175,100 |
| 2017 | $1,925 | -- |
| 2016 | $1,925 +87.7% | -- |
| 2015 | $1,026 | -- |
| 2014 | $1,026 | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2006 | -- | -- |
| 2005 | -- | -- |
| 2004 | -- | -- |
| 2003 | -- | -- |
| 2002 | -- | -- |
Find assessor info on the county website
Neighborhood: 23834
Nearby homes
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Nearby schools
GreatSchools rating
- 6/10Lakeview Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 4/10Colonial Heights Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Colonial Heights High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Lakeview
- Middle: Colonial Heights
- High: Colonial Heights
Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$343,400
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$343,400
- Virginia
- Colonial Heights City
- Colonial Heights
- 23834
- 1902 Franklin Ave
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