Located in Richmond’s rapidly evolving North Highland Park neighborhood, 2304 5th Avenue presents a turnkey investment opportunity in a city with a strong local economy and growing job market. This duplex property features two fully leased 2-bedroom, 1-bathroom units, with a total income of $2,565 per month in rental income. Residents enjoy modernized interiors with central air, in-unit washer/dryer, dishwashers, and updated finishes. Tenants cover all utilities, including water, trash, and electricity, ensuring low owner expenses. Off-street parking in the rear adds to the property’s appeal. With North Highland Park experiencing increased investment and revitalization, this asset benefits from the area's continued appreciation. Whether you're a seasoned investor or looking to expand your portfolio, 2304 5th Avenue offers stable cash flow in a city primed for sustained growth.
Sold for $355,000
$355,000
2304 5th Ave, Richmond, VA 23222
4beds
2baths
2,068sqft
Duplex, Multi Family, Multi Family
Built in 2007
-- sqft lot
$-- Zestimate®
$172/sqft
$2,002 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,002/mo
Zestimate® history
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Modernized interiorsOff-street parkingUpdated finishesCentral air
Zillow last checked:
Listing updated:
Listed by:
Justin Sledd 804-307-4060,
One South Commercial LLC
Bought with:
Bilal Hosn, 0225251617
Plentura Realty LLC
Source: CVRMLS,MLS#: 2507066
Originating MLS: Central Virginia Regional MLS
Originating MLS: Central Virginia Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Basement: Crawl Space
- Attic: None
Interior area
- Total interior livable area: 2,068 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,281 Square Feet
Details
- Parcel number: N0000611005
- Zoning description: R-6
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Two Story
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Aluminum Siding, Vinyl Siding, Wood Siding
- Roof: Built-Up
Condition
- Year built: 2007
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Chestnut Hills
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $172/sqft
- Tax assessed value: $250,000
- Annual tax amount: $2,868
- Date on market: 8/5/2025
- Ownership: Individuals
- Ownership type: Sole Proprietor
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $355,000-1.3%$172/sqft |
Source:  CVRMLS #2507066 Report a problem | ||
| 5/8/2025 | Pending sale | $359,500$174/sqft |
Source: CVRMLS #2507066 Report a problem | ||
| 5/5/2025 | Price change | $359,500-4.1%$174/sqft |
Source: CVRMLS #2507066 Report a problem | ||
| 4/15/2025 | Price change | $375,000-2.6%$181/sqft |
Source: CVRMLS #2507066 Report a problem | ||
| 4/7/2025 | Listed for sale | $385,000$186/sqft |
Source: CVRMLS #2507066 Report a problem | ||
| 3/26/2025 | Pending sale | $385,000$186/sqft |
Source: CVRMLS #2507066 Report a problem | ||
| 3/20/2025 | Listed for sale | $385,000+120%$186/sqft |
Source: CVRMLS #2507066 Report a problem | ||
| 12/16/2019 | Sold | $175,000+6.1%$85/sqft |
Source: CVRMLS #1931170 Report a problem | ||
| 10/21/2019 | Pending sale | $165,000$80/sqft |
Source: Long & Foster Real Estate, Inc. #1931170 Report a problem | ||
| 10/11/2019 | Listed for sale | $165,000+17.9%$80/sqft |
Source: Long & Foster REALTORS #1931170 Report a problem | ||
| 10/9/2019 | Listing removed | $850 |
Source: Owner Report a problem | ||
| 9/9/2019 | Listed for rent | $850 |
Source: Owner Report a problem | ||
| 11/7/2014 | Sold | $139,900$68/sqft |
Source: CVRMLS #1410365 Report a problem | ||
| 10/10/2014 | Price change | $139,900-50%$68/sqft |
Source: RE/MAX COMMONWEALTH #1410365 Report a problem | ||
| 9/19/2014 | Price change | $279,900-6.1%$135/sqft |
Source: RE/MAX COMMONWEALTH #1410365 Report a problem | ||
| 8/29/2014 | Price change | $298,000+98.8%$144/sqft |
Source: RE/MAX COMMONWEALTH #1410365 Report a problem | ||
| 8/14/2014 | Price change | $149,900-6.3%$72/sqft |
Source: RE/MAX COMMONWEALTH #1410365 Report a problem | ||
| 8/10/2014 | Price change | $159,900-5.9%$77/sqft |
Source: RE/MAX COMMONWEALTH #1410365 Report a problem | ||
| 7/27/2014 | Price change | $169,900+13.3%$82/sqft |
Source: RE/MAX COMMONWEALTH #1410365 Report a problem | ||
| 6/20/2014 | Price change | $149,900-11.2%$72/sqft |
Source: RE/MAX COMMONWEALTH #1410365 Report a problem | ||
| 4/15/2014 | Listed for sale | $168,900+2.4%$82/sqft |
Source: RE/MAX Commonwealth #1410364 Report a problem | ||
| 7/3/2013 | Listing removed | $164,900$80/sqft |
Source: Long & Foster Real Estate #1303735 Report a problem | ||
| 2/13/2013 | Listed for sale | $164,900$80/sqft |
Source: Long & Foster Real Estate #1303735 Report a problem | ||
| 12/2/2012 | Listing removed | $164,900$80/sqft |
Source: Long & Foster Real Estate #1202283 Report a problem | ||
| 2/29/2012 | Price change | $164,900-5.7%$80/sqft |
Source: Long & Foster Real Estate #1202283 Report a problem | ||
| 1/27/2012 | Listed for sale | $174,900+1649%$85/sqft |
Source: Long & Foster Real Estate #1202283 Report a problem | ||
| 6/12/2003 | Sold | $10,000$5/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,000 +4.6% | $250,000 +4.6% |
| 2024 | $2,868 | $239,000 |
| 2023 | $2,868 | $239,000 |
| 2022 | $2,868 +25.8% | $239,000 +25.8% |
| 2021 | $2,280 +1.6% | $190,000 +1.6% |
| 2020 | $2,244 +0.5% | $187,000 +0.5% |
| 2019 | $2,232 +2.8% | $186,000 +2.8% |
| 2018 | $2,172 -34.8% | $181,000 |
| 2017 | $3,333 | $181,000 +3.4% |
| 2016 | $3,333 | $175,000 +1.2% |
| 2015 | $3,333 | $173,000 -2.8% |
| 2014 | $3,333 | $178,000 |
| 2013 | -- | $178,000 -4.3% |
| 2012 | -- | $186,000 -1.6% |
| 2011 | -- | $189,000 |
| 2010 | -- | $189,000 -18% |
| 2009 | -- | $230,500 +78.7% |
| 2008 | -- | $129,000 +500% |
| 2007 | -- | $21,500 +53.6% |
| 2006 | -- | $14,000 +33.3% |
| 2005 | -- | $10,500 +12.9% |
| 2003 | -- | $9,300 +2.2% |
| 2002 | -- | $9,100 |
| 2001 | $143 | -- |
Find assessor info on the county website
Neighborhood: Highland Park Southern Tip
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Nearby schools
GreatSchools rating
- 3/10Overby-Sheppard Elementary SchoolGrades: PK-5Distance: 0.3 mi
- NAMary Scott PreschoolGrades: Distance: 2.1 mi
- 6/10John Marshall High SchoolGrades: 9-12Distance: 2.6 mi
Schools provided by the listing agent
- Elementary: Overby-Sheppard
- Middle: Henderson
- High: John Marshall
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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