2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
2000 Lamb AVE, Richmond, VA 23222
Elaina Atkinson
Elaina Atkinson

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+1(804) 939-7070

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$ 1,150,000

$ 1,195,000 3.8%

Est. payment | /mo

5,692 SqFt

$ 1,150,000

$ 1,195,000 3.8%

Est. payment | /mo

5,692 SqFt

Key Details

Sold Price $1,150,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,692 sqft

Price per Sqft $202

Subdivision Barton Heights

MLS Listing ID 2602856

Sold Date 07/30/26

Style Two Story

Construction Status Approximate

HOA Y/N No

Year Built 1969

Annual Tax Amount $8,964

Tax Year 2025

Lot Size 10,476 Sqft

Acres 0.2405

Property Sub-Type Multi Family

Property Description

2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention. Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow.

Location

State VA

County Richmond City

Community Barton Heights

Area 30 - Richmond

Exterior

Roof Type Built-Up

Garage No

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Two Story

Level or Stories Two

Structure Type Brick,Block

Construction Status Approximate

Schools

Elementary Schools Overby-Sheppard

Middle Schools Henderson

High Schools John Marshall

Others

Tax ID N000-0409-003

Ownership Individuals

Financing Conventional

Central Virginia Regional MLS (CVR MLS)
Listed by One South Commercial LLC
Bought with NON MLS OFFICE

Nearby Locations

Elaina Atkinson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(804) 939-7070

elaina@atkinsonrealestate.co

1765 Greensboro Station Pl, McLean, VA, 22102, USA

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2000 Lamb AVE