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Sold for $625,000
  • $625,000

    3425 W Franklin St, Richmond, VA 23221

    4beds
    2baths
    1,906sqft
    Duplex, Multi Family, Multi Family
    Built in 1951
    -- sqft lot
    $-- Zestimate®
    $328/sqft
    $2,950 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,950/mo

    Zestimate® history
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    What's special

    Outstanding all-brick duplex in the heart of the coveted Museum District! This well-maintained property sits proudly on a large corner lot and offers an exceptional opportunity for both owner-occupants and savvy investors. The building is fully rented with amazing long-term tenants who would love to stay, providing immediate stability and strong cash flow. Each spacious apartment features 2 bedrooms and 1 full bath, separate utilities, and a consistent rental history—currently renting for approximately $1,500 per month per unit. With solid income and separate metering, the property cash flows with a conventional mortgage at today’s rates and list price, making it a rare turnkey investment in one of Richmond’s most desirable, walkable neighborhoods. All-brick construction, classic charm, and unbeatable proximity to museums, restaurants, Carytown, breweries, parks, and major commuter routes ensure ongoing tenant demand. Whether you’re expanding your portfolio or looking to live in one unit while renting the other, this duplex offers the perfect blend of stability, location, and long-term upside. Don’t miss this incredible Museum District opportunity!

    Zillow last checked:

    Listing updated:

    Listed by:

    Katherine Hawks 804-350-2471,

    The Steele Group

    Bought with:

    Bryan Lewis, 0225204663

    Bryan Lewis Homes and Land

    Source: CVRMLS,MLS#: 2531089MLS LogoOriginating MLS: Central Virginia Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    Features
    • Basement: Crawl Space
    • Attic: Access Only
    Interior area
    • Total interior livable area: 1,906 sqft

    Property

    Parking
    • Parking features: Off Street, On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Exterior features: Out Building(s)
    • Fencing: None
    Lot
    • Size: 8,398 Square Feet
    • Features: Corner Lot, Dead End, Level
    Details
    • Additional structures: Outbuilding
    • Parcel number: W0001620006
    • Zoning description: R-6
    • Special conditions: Corporate Listing

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Two Story
    • Property subtype: Duplex, Multi Family, Multi Family
    Materials
    • Brick, Block
    Condition
    • Year built: 1951

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    Location
    • Region: Richmond

    Financial & listing details

    • Price per square foot: $328/sqft
    • Tax assessed value: $539,000
    • Annual tax amount: $6,468
    • Date on market: 12/5/2025
    • Ownership: Corporate
    • Ownership type: Corporation

    Price history

    DateEventPrice
    12/10/2025Sold$625,000+4.3%$328/sqft
    Source: CVRMLS #2531089 Report a problem
    11/21/2025Pending sale$599,000$314/sqft
    Source: CVRMLS #2531089 Report a problem
    11/18/2025Listed for sale$599,000$314/sqft
    Source: CVRMLS #2531089 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,468 +3.9%$539,000 +3.9%
    2024$6,228 +7.9%$519,000 +7.9%
    2023$5,772 $481,000
    2022$5,772 +29.6%$481,000 +29.6%
    2021$4,452 +1.9%$371,000 +1.9%
    2020$4,368 +8.7%$364,000 +8.7%
    2019$4,020 +7.7%$335,000 +7.7%
    2018$3,732 +12.7%$311,000 +6.5%
    2017$3,312 $292,000 +3.2%
    2016$3,312 $283,000 +1.4%
    2015$3,312 $279,000 +1.1%
    2014$3,312 $276,000
    2013-- $276,000
    2012-- $276,000 -4.8%
    2011-- $290,000 +3.2%
    2010-- $281,000 -2%
    2009-- $286,800 -4.7%
    2008-- $301,100
    2007-- $301,100
    2006-- $301,100 +24.9%
    2005-- $241,100 +23%
    2003-- $196,000 +18%
    2002-- $166,100 +13%
    2001$2,102 $147,000
    Find assessor info on the county website

    Neighborhood: The Museum District

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Lois-Harrison Jones
    • Middle: Albert Hill
    • High: Thomas Jefferson

    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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