Investment Opportunity on this awesome duplex in the Arts District of Historic Jackson Ward located in the VCU campus area. This spacious 3 level duplex has been renovated with upgraded custom cabinets, refrigerators, dishwashers, granite counters, washers, dryers, recessed lighting & central heating and cooling. The first-floor unit has open living area, hardwood flooring, spacious bedroom, upgraded bath with stand up tile glass shower and access to rear porch and courtyard. The upper unit boast hard wood flooring, upgraded bath with tub & 6ft subway tile, open living area with bedroom. The 2nd bedroom to the upper lever is on the 3rd level with hardwood flooring, a skylight, a beautiful window seat and upper balcony deck with access to the courtyard area. On and off-street parking. Great Investment Right Now!
Sold for $480,000
$480,000
409 N Madison St, Richmond, VA 23220
3beds
2baths
2,382sqft
Duplex, Multi Family, Multi Family
Built in 1848
-- sqft lot
$-- Zestimate®
$202/sqft
$2,428 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,428/mo
Zestimate® history
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Upper balcony deckGranite countersRecessed lightingBeautiful window seatHardwood flooringCentral heating and cooling
Zillow last checked:
Listing updated:
Listed by:
Keith Smith 804-852-8800,
Keith Smith Realty
Bought with:
Keith Smith, 0225165194
Keith Smith Realty
Source: CVRMLS,MLS#: 2512306
Originating MLS: Central Virginia Regional MLS
Originating MLS: Central Virginia Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Features
- Has basement: No
- Attic: Finished
Interior area
- Total interior livable area: 2,382 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1,302 Square Feet
Details
- Parcel number: N0000150031
- Zoning description: B-1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Brick
- Roof: Metal
Condition
- Year built: 1848
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $202/sqft
- Tax assessed value: $345,000
- Annual tax amount: $4,068
- Date on market: 6/8/2025
- Ownership: Individuals
- Ownership type: Sole Proprietor
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $480,000-8.6%$202/sqft |
Source:  CVRMLS #2512306 Report a problem | ||
| 8/14/2025 | Pending sale | $525,000$220/sqft |
Source: CVRMLS #2512306 Report a problem | ||
| 5/14/2025 | Listed for sale | $525,000-12.5%$220/sqft |
Source: CVRMLS #2512306 Report a problem | ||
| 5/2/2025 | Listing removed | $599,950$252/sqft |
Source: CVRMLS #2511319 Report a problem | ||
| 4/25/2025 | Listed for sale | $599,950+126.4%$252/sqft |
Source: CVRMLS #2511319 Report a problem | ||
| 3/30/2016 | Sold | $265,000-3.6%$111/sqft |
Source: CVRMLS #1601458 Report a problem | ||
| 1/27/2016 | Listed for sale | $275,000+83.3%$115/sqft |
Source: RE/MAX Commonwealth #1601458 Report a problem | ||
| 6/23/2012 | Listing removed | $750-5.7% |
Source: Dodson Property Management Report a problem | ||
| 5/23/2012 | Price change | $795-0.6% |
Source: Dodson Property Management Report a problem | ||
| 4/19/2012 | Listed for rent | $800 |
Source: RentalHunt.com #232318 Report a problem | ||
| 3/20/2006 | Sold | $150,000$63/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,140 +1.8% | $345,000 +1.8% |
| 2024 | $4,068 +10.1% | $339,000 +10.1% |
| 2023 | $3,696 | $308,000 |
| 2022 | $3,696 +35.7% | $308,000 +35.7% |
| 2021 | $2,724 +2.3% | $227,000 +2.3% |
| 2020 | $2,664 +5228% | $222,000 +7.2% |
| 2019 | $50 -97.8% | $207,000 +11.3% |
| 2018 | $2,232 +12.7% | $186,000 +15.5% |
| 2017 | $1,980 | $161,000 +3.2% |
| 2016 | $1,980 | $156,000 +1.3% |
| 2015 | $1,980 | $154,000 -6.7% |
| 2014 | $1,980 | $165,000 |
| 2013 | -- | $165,000 -4.1% |
| 2012 | -- | $172,000 -5.5% |
| 2011 | -- | $182,000 |
| 2010 | -- | $182,000 -0.1% |
| 2009 | -- | $182,100 |
| 2008 | -- | $182,100 +5.6% |
| 2007 | -- | $172,500 +4.4% |
| 2006 | -- | $165,200 +6.6% |
| 2005 | -- | $155,000 +103.1% |
| 2003 | -- | $76,300 +9% |
| 2002 | -- | $70,000 |
| 2001 | $1,001 | $70,000 |
Find assessor info on the county website
Neighborhood: Jackson Ward
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Nearby schools
GreatSchools rating
- 1/10George W. Carver Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 4/10Albert Hill Middle SchoolGrades: 6-8Distance: 2.3 mi
- NAMary Scott PreschoolGrades: Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Carver
- Middle: Dogwood
- 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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- Virginia
- Richmond City
- Richmond
- 23220
- Jackson Ward
- 409 N Madison St
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