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317 S Granby St, Richmond, VA 23220

Sqft
2,170

View property features, location on map, relevant school information and overview from seller's agent.

Listed byBoone Residential LLC
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Overview

Turnkey investment opportunity featuring a well-maintained duplex with two income-producing units, ideal for both seasoned investors and those looking to expand their portfolio! Each unit offers 2 bedrooms and 1 full bath, with strong rental history and upside potential based on current market comparables.

Unit A offers approximately 800 sq ft and is currently leased at $1,270/month plus $80 pet rent ($1,415 total), with a lease term through 05/31/2026. This unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Estimated market rent ranges from $1,700–$1,750, presenting an excellent value-add opportunity.

Unit B features a more spacious layout at approximately 1,085 sq ft and is leased at $1,335/month through 06/07/2027. Similar to Unit A, this unit includes a full-size washer and dryer, electric stove, refrigerator, and street parking. Market rent is also projected at $1,700–$1,750.
Both tenants pay all utilities, minimizing owner expenses. Interior highlights across the property include hardwood flooring, ceramic tile, stainless steel appliances, ceiling fans, and built-in bookshelves, creating a desirable living space for tenants. Exterior features include a charming front porch and fenced rear yard, adding to tenant appeal.

With stable leases already in place and room to increase rents over time, this property offers a strong combination of immediate cash flow and long-term appreciation potential. Renewal status to be confirmed, providing flexibility for future planning.
Don’t miss this opportunity to own a solid, income-generating property with built-in upside!

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Square feet
2,170
Lot size (acres)
0.07
Year built
1925

Exterior features

Horse amenities
Stable

Utilities

Sewer
Public Sewer
Water
Public Water

Taxes

Tax Annual Amount (2025)
$4,776

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Central Virginia Regional MLS MLS®#: 2606586 Last checked:

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. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are Copyright © 2026 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.