Sold

618 S Laurel Street, Richmond, VA 23220

Sqft
2,102

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

Listed byShaheen Ruth Martin & Fonville
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Overview

Oregon Hill duplex with plenty of upside for someone willing to take on a construction project. The property currently generates $3,600 / month. Both leases good through June of 2025. Current rents are below market and could be raised after renovations. Tenants pay all utilities on separately metered units. Owner has received city approval to build an Accessory Dwelling Unit (ADU). The ADU would be a studio apartment built over a detached garage off the rear alley. Owner believes ADU and garage could generate an additional $1,500/month in rent. The ADU permitting and architectural drawings will convey with the sale. Proximity to VCU / MCV and downtown Richmond create exceptional demand and limited turnover with occasional vacancies quickly filled. This pedestrian friendly neighborhood offers quick access to the main campus of VCU and the James River Park system. This property is being sold "As-Is" no exceptions.

Location

Full feature list

Basic info

Property type
Multi-family
Number of stories
2
Square feet
2,102
Lot size (acres)
0.08
Year built
1914

Interior features

Basement
Yes, Unfinished

Utilities

Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2024)
$5,520

Public schools

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Sourced from: Central Virginia Regional MLS MLS®#: 2503555 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.