For sale

$125,000

3518 E Richmond Rd #U12, Richmond, VA 23223

2beds

760sqft

$952/mo

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Condominium

Built in 1966

-- sqft lot

$123,400 Zestimate^®

$164/sqft

$122/mo HOA

What's special

Modern finishesLvp flooringUpdated kitchens

Income-producing townhomes in Richmond’s established east-end corridor. Six 2-bedroom, 1-bath units available with strong rental history and five are currently tenant occupied, offering immediate and stable cash flow. Units 14, 12, 3 and 15 have been renovated with updated kitchens, LVP flooring, and modern finishes. Remaining units are well maintained and currently performing. Washer/dryer connections in each unit. Tenants pay utilities. Select units include Housing Choice Voucher tenants with consistent payment history. Opportunity to purchase individually or together. Well positioned near downtown Richmond, Church Hill, and major commuter routes with continued growth and rental demand. Invited to contact lender with any financing questions.

178 days
260
12

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Other

Description: Tub & Shower
Level: Second

Heating

Electric

Cooling

Central Air

Appliances

Included: Electric Water Heater, Water Heater

Features

Flooring: Carpet, Laminate, Vinyl
Doors: Insulated Doors
Windows: Screens, Thermal Windows
Has basement: No
Attic: Access Only

Interior area

Total interior livable area: 760 sqft
Finished area above ground: 760
Finished area below ground: 0

Video & virtual tour

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Property

Features

Levels: Two
Stories: 2
Patio & porch: Porch
Exterior features: Porch
Pool features: None

Lot

Size: 740 Square Feet

Details

Parcel number: E0001763097
Zoning description: R-53

Construction

Type & style

Home type: Condo
Architectural style: Two Story
Property subtype: Condominium
Attached to another structure: Yes

Materials

Brick, Vinyl Siding
Roof: Composition

Condition

Resale
New construction: No
Year built: 1966

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Villas Of Oakwood South

HOA

Has HOA: Yes
Services included: Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
HOA fee: $122 monthly

Location

Region: Richmond

Financial & listing details

Price per square foot: $164/sqft
Tax assessed value: $102,000
Annual tax amount: $1,224
Date on market: 3/4/2026
Ownership: Individuals
Ownership type: Sole Proprietor

Estimated market value

$123,400

$117,000 - $130,000

$1,382/mo

Price history

Date	Event	Price
3/5/2026	Listed for sale	$125,000+81.2%$164/sqft
Source: CVRMLS #2604625 Report a problem
12/2/2021	Sold	$69,000$91/sqft
Source: CVRMLS #2131257 Report a problem
10/21/2021	Pending sale	$69,000$91/sqft
Source: CVRMLS #2131257 Report a problem
10/18/2021	Listed for sale	$69,000+24.9%$91/sqft
Source: CVRMLS #2131257 Report a problem
6/26/2019	Sold	$55,250-4.7%$73/sqft
Source: CVRMLS #1912310 Report a problem
4/18/2019	Listed for sale	$58,000$76/sqft
Source: Sunshine Realty Group LLC #1912310 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,224 +13.3%	$102,000 +13.3%
2024	$1,080 +16.9%	$90,000 +16.9%
2023	$924	$77,000
2022	$924 +32.8%	$77,000 +32.8%
2021	$696 +5.5%	$58,000 +5.5%
2020	$660 -5.2%	$55,000 -5.2%
2019	$696	$58,000
2018	$696 +21.1%	$58,000 -20.5%
2017	$575	$73,000
2016	$575	$73,000 -1.4%
2015	$575	$74,000
2014	$575	$74,000
2013	--	$74,000 -14.9%
2012	--	$87,000 -5.4%
2011	--	$92,000
2010	--	$92,000
2009	--	$92,000 +15%
2008	--	$80,000
2007	--	$80,000