49
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$2,200,000
Est. payment /mo
10,152 SqFt
Active
601 Stockton ST Richmond, VA 23224
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,152 sqft
Price per Sqft $216
MLS Listing ID 2533288
Style Garden Home
HOA Y/N No
Year Built 1910
Lot Size 0.470 Acres
Acres 0.47
Property Description
Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond's fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand.
Property Highlights
• 12 Total Units – Well-maintained, consistently leased apartment community
• 18 Off-Street Parking Spaces – A rare and highly desirable amenity in an urban neighborhood
• Prime Manchester Location – Walkable to Hull Street's growing lineup of restaurants, breweries, retail, and new mixed-use development
• Strong Rental Demand – Manchester continues to see rising rents and high occupancy
• Turnkey Investment – Immediate cash flow with future value-add opportunities
• Condo Conversion Potential – Property layout and parking availability present an attractive opportunity for future condominium sell-off
• Urban Convenience – Minutes to Downtown Richmond, the James River Park System, and major employment centers
• Excellent Access – Close proximity to I-95, the Downtown Expressway, and public transit
Investment Summary
601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.
Property Highlights
• 12 Total Units – Well-maintained, consistently leased apartment community
• 18 Off-Street Parking Spaces – A rare and highly desirable amenity in an urban neighborhood
• Prime Manchester Location – Walkable to Hull Street's growing lineup of restaurants, breweries, retail, and new mixed-use development
• Strong Rental Demand – Manchester continues to see rising rents and high occupancy
• Turnkey Investment – Immediate cash flow with future value-add opportunities
• Condo Conversion Potential – Property layout and parking availability present an attractive opportunity for future condominium sell-off
• Urban Convenience – Minutes to Downtown Richmond, the James River Park System, and major employment centers
• Excellent Access – Close proximity to I-95, the Downtown Expressway, and public transit
Investment Summary
601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.
Location
State VA
County Richmond City
Area 60 - Richmond
Interior
Cooling Central Air
Exterior
Roof Type Flat
Topography Level
Handicap Access Accessibility Features
Building
Lot Description Level
Building Description Brick, Elevator(s),Multi-Tenant
Story 2
Sewer Public Sewer
Water Public
Architectural Style Garden Home
Level or Stories Two
Structure Type Brick
Others
Tax ID S000-0110-011
Ownership Investment
Listed by One South Commercial LLC
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