#2516560, Alan King, Listing office: Larry King Realty
$400,000 List price
2007 Cedar St Richmond, VA 23223
0.08 acres
Land
Property details
About 2007 Cedar St
A prime development opportunity is located in the heart of Church Hill, RVA. This fully designed, approved and ready-to-build 5-unit multifamily offers a streamlined construction timeline and deal flow. Strategically positioned just steps from the popular Jefferson Park and an array of neighborhood amenities, the property is ideally situated to attract tenants in a high-demand rental market. With the convenience of off-street parking, future residents will appreciate the ease of access and enhanced lifestyle offerings. In addition to its exceptional location and regulatory approvals, the development is engineered to deliver strong income potential, with detailed rental projections available upon request that underscore its promise for robust cash flow and long-term value appreciation. Whether you are a seasoned real estate investor looking to expand your portfolio or a newcomer eager to seize a unique opportunity in one of Richmond’s most dynamic neighborhoods, this multifamily deal presents a compelling combination of location, design, and financial upside. Please note that the image is an artist rendering of the final constructed building. Contact us today for more detailed information.
Highlights
Home typeUnimproved Land
StatusActive
Lot size0.076 Acres
MLS #2503124
Summary
- Basement: No
- List Price: $400,000
- Annual Tax Amount: $1,116
- Tax Year: 2024
- Lot Size: 0.076 Acres
- MLS Number: 2503124
- MLS Name: CVR
- Office Name: Samson Properties
- Office Email: dsamson@samsonproperties.net
- Listing Agent: Patrick Sullivan
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: 6/25/2025, 12:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$400,000
2007 Cedar St
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| May 26, 2021 | Home Sold | $295,000 |
| Aug 30, 2018 | Home Sold | $70,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $93,000 | $1,116 |
| 2023 | $93,000 | $720 |
| 2022 | $93,000 | $720 |
| 2021 | $60,000 | $720 |
| 2020 | $60,000 | $720 |
| 2019 | $60,000 | $720 |
| 2018 | $60,000 | $720 |
History based on county public records data.
Nearby schools
4
Bellevue Elementary School
Public District PK-5
0.4 mi
•2301 E Grace St
2
Henry L. Marsh, III Elementary School
Public District KG-5
0.5 mi
•813 N 28th St
3
Chimborazo Elementary School
Public District PK-5
0.6 mi
•3000 E Marshall 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 $17,688. Most Richmond, VA residents have annual incomes less than $<35k. The most common type of family is single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
69%
<35k
28%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
69%
Single, No Kids
19%
Single, with Kids
7%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
39%
18-34 yrs old
34%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Major League Soccer (MLS)
UFC
Where do the neighbors shop?
Express/Express For Men
Banana Republic
Family Dollar
Where do the neighbors go to eat?
Starbucks
Sonic
Burger King
What do the neighbors drive?
Pontiac
Infiniti
Buick
What do the neighbors listen to?
Urban Contemporary
Rhythmic Contemporary Hits
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2007 Cedar St
The listing price of 2007 Cedar St property is $400,000.
The property 2007 Cedar St is land located in Richmond, Virginia, 23223.
Active Listing: 2007 Cedar St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2007 Cedar St are: Bellevue Elementary School (GreatSchools Rating 4/10), Henry L. Marsh, III Elementary School (GreatSchools Rating 2/10), Chimborazo Elementary School (GreatSchools Rating 3/10), Martin Luther King, Jr. Middle School (GreatSchools Rating 1/10), Binford Middle School (GreatSchools Rating 1/10), Fairfield Middle School (GreatSchools Rating 4/10), Franklin Military Academy (GreatSchools Rating 7/10), Armstrong High School (GreatSchools Rating 3/10), Richmond Alternative (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $1,116 (source: MLS/based on county public records data).
The last sale was on May 26, 2021 for $295,000 (source: MLS/tax record).
The property 2007 Cedar St is 0.076 acres.
This home is located at 2007 Cedar St in Richmond, VA and zip code 23223 in the Union Hill neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 6, 2025 and is currently priced at $400,000.
Richmond, VA housing market in May 2025 saw over 218 listings sold above listed price, more than 110 sold at listed price and over 118 sold below. The inventory of homes for sale in Richmond, VA between April and May 2025 increased by 6.3%. In May 2025 median list price was $374,942 and the average listing age was 18 days.
From Rocket Homes Real Estate and based on county public records data.