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3510 E Richmond Rd #U6, Richmond, VA, 23223

2beds
1baths
822sqft
$125,000
$152price/sqft
$1,015/moest. monthly cost
$40,600/yrincome needed

About This Home

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.

Getting Around

16
WalkingCar-Dependent
32
TransitSome Transit
11
BikeSomewhat Bikeable

Schools

3/10
2/10
Armstrong High SchoolGrades 9-121.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1966

Materials

  • Roof: Composition
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: Condo
  • Architectural style: Two Story
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Electric Water Heater,Water Heater

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • Ceiling Fan(s),Laminate Counters
  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 822

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 822 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: Second

Other

  • Level: Second

Property

Details

  • Parcel number: E0001763013
  • Attached to another structure: Yes
  • Zoning description: R-53

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None

Lot

  • Lot size: 740.52 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

No climate risk data available.

How This Home’s Risks Compare

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $632$7,584
Home Insurance *$51$612
Property Taxes $130$1,560
Electricity $202$2,433
Total$1,015$12,180
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,800/yr
40% on housing$30,450/yr
45% on housing$27,066/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 7.8%
7.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$152This listing

vs Other Active Listings

Avg $/sqft

ZIP 23223$176
Richmond City$217

vs Homes Sold Last Month

Median $/sqft

ZIP 23223$219
Richmond City$226

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-03Listed for sale$125,000
2026-04-17Pending sale$125,000
2026-03-05Listed for sale$125,000
2021-12-02Sold$72,000
2021-10-21Pending sale$72,000
2021-10-19Listed for sale$72,000
2019-06-26Sold$61,250
2019-04-18Listed for sale$65,000

For Sale by Agent

AgentLauren Hammond
BrokerageEXP Realty LLC

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