$4,453 Closing Credit¹
#2511389, James Nay, Listing office: River City Elite Properties
#2507069·
Listing office: One South Commercial LLC·
Listing agent: Justin Sledd·
Listing office phone: (804) 266-8831
$359,500 List price
2308 5th Ave Richmond, VA 23222
$4,269
Closing credit¹
2,068 sqft
0.1 acres
$174 / sqft
Multi-Family
Property details
About 2308 5th Ave
Located in Richmond’s rapidly evolving North Highland Park neighborhood, 2308 5th Avenue presents a turnkey investment opportunity in a city with a strong local economy and growing job market. This duplex property features two fully leased 2-bedroom, 1-bathroom units, generating a gross monthly income of $2,025 per month in rental income (Unit A $850/Unit B $1,175). Residents enjoy modernized interiors with central air, in-unit washer/dryer, dishwashers, and updated finishes. Tenants cover all utilities, including water, trash, and electricity, ensuring low owner expenses. Off-street parking in the rear adds to the property’s appeal. Rents are below market and can easily be increased to market at the time of renewal. With North Highland Park experiencing increased investment and revitalization, this asset benefits from the area's continued appreciation. Whether you're a seasoned investor or looking to expand your portfolio, 2308 5th Avenue offers stable cash flow in a city primed for sustained growth.
Highlights
Home typeDuplex
StatusActive
Size2,068 sqft
Lot size0.1443 Acres
Year built2007
MLS #2507069
Summary
- Basement: No
- Architectural Style: Two Story
- List Price: $359,500
- Price/SqFt: $173
- Annual Tax Amount: $2,868
- Tax Year: 2024
- Year Built: 2007
- Stories: 2
- Living Area: 2,068 SqFt
- Lot Size: 0.1443 Acres
- MLS Number: 2507069
- MLS Name: CVR
- Office Name: One South Commercial LLC
- Office Phone: (804) 266-8831
- Office Email: commercial@onesouthcommercial.com
- Listing Agent: Justin Sledd
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: 6/4/2025, 9:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$359,500
2308 5th Ave
$4,269
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 18, 2019 | Home Sold | $175,000 |
| Nov 18, 2014 | Home Sold | $138,400 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $239,000 | $2,868 |
| 2023 | $239,000 | $2,184 |
| 2022 | $206,000 | $2,184 |
| 2021 | $190,000 | $2,184 |
| 2020 | $182,000 | $2,184 |
| 2019 | $177,000 | $2,112 |
| 2018 | $176,000 | $2,112 |
History based on county public records data.
Nearby schools
3
Overby-Sheppard Elementary School
Public District PK-5
0.3 mi
•2300 1st Ave
4
Barack Obama Elementary School
Public District KG-5
1.2 mi
•3101 Fendall Ave
3
Fairfield Court Elementary School
Public District KG-5
1.3 mi
•2510 Phaup 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 $32,182. Most Richmond, VA residents have annual incomes less than $<35k. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
59%
<35k
40%
35k-100k
2%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
51%
Single, No Kids
31%
Single, with Kids
11%
Married, No Kids
7%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
11%
12-17 yrs old
20%
18-34 yrs old
42%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
Extreme Sports
Pro Boxing
Where do the neighbors shop?
Big Lots
Sam's Club
Family Dollar
Where do the neighbors go to eat?
Golden Corral
White Castle
LongHorn Steakhouse
What do the neighbors drive?
Kia
Oldsmobile
Chevrolet
What do the neighbors listen to?
Adult Standards
Rock
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2308 5th Ave
The listing price of 2308 5th Ave property is $359,500.
The property 2308 5th Ave is a multi located in Richmond, Virginia, 23222.
Active Listing: 2308 5th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2308 5th Ave are: Overby-Sheppard Elementary School (GreatSchools Rating 3/10), Barack Obama Elementary School (GreatSchools Rating 4/10), Fairfield Court Elementary School (GreatSchools Rating 3/10), Martin Luther King, Jr. Middle School (GreatSchools Rating 1/10), Binford Middle School (GreatSchools Rating 1/10), Thomas H. Henderson Middle School (GreatSchools Rating 1/10), Richmond Community High School (GreatSchools Rating 9/10), Armstrong High School (GreatSchools Rating 3/10), Richmond Alternative (GreatSchools Rating 1/10).
According to the records, the last property tax for 2024 is $2,868 (source: MLS/based on county public records data).
The last sale was on December 18, 2019 for $175,000 (source: MLS/tax record).
The property 2308 5th Ave is 2,068 SqFt (source: MLS/tax record).
The year of construction for 2308 5th Ave is 2007.
This home is located at 2308 5th Ave in Richmond, VA and zip code 23222 in the North Side neighborhood. This 2,068 square foot home, which was built in 2007, sits on a 0.14 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 20, 2025 and is currently priced at $359,500.
In May 2025 more than 218 listings in Richmond, VA were sold above the asking price. During the same period more than 110 listings were sold at asking price, while more than 118 were sold below. Between April and May 2025, Richmond, VA real estate market has seen increase in the number of listings by 6.3%. While the average time on the market in May 2025 was 18 days, the median list price was $374,942.
From Rocket Homes Real Estate and based on county public records data.