#2501583, Stokes McCune, Listing office: Hometown Realty
#2517698·
Listing office: Weichert Brockwell & Associate·
Listing agent: Kenneth Byers·
Listing office phone: (804) 518-0500
$2,300,000 List price
1401 Coalter St Richmond, VA 23223
14,899 sqft
0.6 acres
$154 / sqft
Multi-Family
Property details
About 1401 Coalter St
Investment Opportunity: 20-Unit Apartment Complex with Value-Add Potential. Discover this well-positioned 20-unit multifamily property, it provides solid mix of both long-term tenants, and newer short-term tenants with newer leases of $ 1250.00, providing both stable cash flow, and room for income growth. With a Mix that includes several partial vaulted ceilings, adding to the architectural appeal and tenant desirability. A healthy tenant mix ensures ongoing revenue, and immediate upside potential through modest renovations and rent adjustments. With ample parking of 20+ parking spaces available on site and surrounding the property for residents and guests. Opportunities for interior updates and exterior enhancements, positioning this property as a strong candidate for increased NOI and future appreciation. Located across from a property managed by the Richmond Redevelopment Housing Authority, which is very well maintained by the City of Richmond located in an area poised for continued growth, making this an excellent long-term investment with strong rental demand and growth. Whether you're an investor seeking steady returns or buying for potential upside, this asset offers a balanced blend of income, location, and opportunity.
Highlights
Home typeMulti Family
StatusActive
Size14,899 sqft
Lot size0.5937 Acres
Year built1967
ParkingOff Street, On Street
MLS #2517698
ViewCity
Summary
- Appliances: Electric Water Heater, Gas Water Heater
- Basement: No
- Interior: Cathedral Ceiling(s)
- Parking: Off Street, On Street
- View: City
- Architectural Style: Two Story, Low Rise
- List Price: $2,300,000
- Price/SqFt: $154
- Annual Tax Amount: $13,128
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Fairfield Avenue to Mechanicsville Turnpike, then take right at the light of Littlepage street. Property is at the corner of Coalter St, and Littlepage street.
- Year Built: 1967
- Stories: 2
- Living Area: 14,899 SqFt
- Lot Size: 0.5937 Acres
- MLS Number: 2517698
- MLS Name: CVR
- Office Name: Weichert Brockwell & Associate
- Office Phone: (804) 518-0500
- Office Email: john@therealtorpro.com
- Listing Agent: Kenneth Byers
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 7:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,094,000 | $13,128 |
| 2023 | $966,000 | $7,368 |
| 2022 | $805,000 | $7,368 |
| 2021 | $614,000 | $7,368 |
| 2020 | $614,000 | $5,378 |
| 2019 | $614,000 | $4,749 |
| 2018 | $614,000 | $4,749 |
History based on county public records data.
Nearby schools
2
Henry L. Marsh, III Elementary School
Public District KG-5
0.9 mi
•813 N 28th St
2
Woodville Elementary School
Public District KG-5
1.0 mi
•2000 N 28th St
4
Bellevue Elementary School
Public District PK-5
1.0 mi
•2301 E Grace St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $33,971. Most Richmond, VA residents have annual incomes less than $<35k. The majority of families are single, with kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
51%
<35k
48%
35k-100k
0%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
36%
Single, No Kids
58%
Single, with Kids
3%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
35%
<11 yrs old
13%
12-17 yrs old
23%
18-34 yrs old
25%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
UFC- Pro Boxing
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Burger King
Popeyes
Golden Corral
What do the neighbors drive?
Buick
Dodge
Kia
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1401 Coalter St
The listing price of 1401 Coalter St property is $2,300,000.
The property 1401 Coalter St is a multi located in Richmond, Virginia, 23223.
Active Listing: 1401 Coalter St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1401 Coalter St are: Henry L. Marsh, III Elementary School (GreatSchools Rating 2/10), Woodville Elementary School (GreatSchools Rating 2/10), Bellevue Elementary School (GreatSchools Rating 4/10), Martin Luther King, Jr. Middle School (GreatSchools Rating 1/10), Binford Middle School (GreatSchools Rating 1/10), Fairfield Middle School (GreatSchools Rating 4/10), Armstrong High School (GreatSchools Rating 3/10), Richmond Alternative (GreatSchools Rating 1/10), Franklin Military Academy (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $13,128 (source: MLS/based on county public records data).
The property 1401 Coalter St is 14,899 SqFt (source: MLS/tax record).
The year of construction for 1401 Coalter St is 1967.
This home is located at 1401 Coalter St in Richmond, VA and zip code 23223 in the East Side neighborhood. This 14,899 square foot home, which was built in 1967, sits on a 0.59 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since June 25, 2025 and is currently priced at $2,300,000.
Richmond, VA housing market in June 2025 saw over 210 listings sold above listed price, more than 99 sold at listed price and over 112 sold below. The number of listings in Richmond, VA increased by 0.6% between May and June 2025. In June 2025, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $373,965.
From Rocket Homes Real Estate and based on county public records data.