414 N 32nd Street , Richmond, VA 23223

$625,000
  • 414 N 32nd Street , Richmond, VA 23223 Main Photo

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David Patsel
Call: (804) 931-4072

New to the Market Active
BEDS0 BATHS SQUARE FEET2,464 MLS#2605093
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Professional Photos Coming Soon! Welcome to this exceptional coming soon duplex in historic Church Hill, where charm, smart updates, and serious income potential come together beautifully! The downstairs unit has been thoughtfully refreshed with a brand-new kitchen and brand-new bathroom, offering modern finishes while maintaining the character buyers love in this area. Both units feature gas cooking, stainless steel appliances, and the convenience of their own washer and dryer-an absolute must for tenants and short-term guests alike! Upstairs, you'll find even more character and flexibility. Both bedrooms showcase fireplaces, and one opens to a lovely Juliette balcony-perfect for overlooking the neighborhood and parks. A private owner's closet adds practical storage, ideal for an owner-occupant or Airbnb host. Outside, the property continues to impress with newer vinyl siding, a two-story rear deck complete with a screened porch, a patio area, garden space, and a detached shed. A designated off-street parking spot in the rear alley is the cherry on top-rare and valuable in Church Hill! From an investment standpoint, the numbers speak for themselves. The previous owner lived upstairs while renting the downstairs unit for $1,850/month for 13 years. Currently registered as an Airbnb, the property can generate approximately $40,000-$50,000 per year in short-term rental income. Whether you're looking to rent both units, live in one and offset your mortgage with the other, or continue operating as a successful short-term rental, the flexibility here is unmatched! A desirable location within walking distance to Chimborazo and Libby Hill Park, Alewife, Grisette, and a minutes drive to Rocket's Landing breweries and downtown.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Fenced: Yes
Home Style: Two Story
Lot Size: 0.08 Acres
Roof Type: Flat, Metal
Stories: 2.0
Taxes: $5,400
Year Built: 1911

Amenities

Bookcases
Built-in Features
Bedroom on Main Level
Ceiling Fan(s)
Fireplace
Granite Counters
Kitchen Island
Storage
Shed

Feature Descriptions

Exterior: Frame, Plaster, Vinyl Siding, Wood Siding
Fencing: Back Yard, Fenced, Picket
Laundry: Washer Hookup, Dryer Hookup, Stacked
Lot: Level
Parcel#: E000-0730-007
Parking: Alley Access, Off Street, On Street
Patio/Porch: Deck, Patio, Side Porch
Sewer: Public Sewer
Units: 2
Water: Public
Window: Screens

Local Schools

High School: Armstrong
Middle School: Martin Luther King Jr.
Elementary School: Chimborazo

Listed By / Shown By

Listed By

Agency Name: Long & Foster REALTORS
Agency Contact: (804) 340-7000

Shown By

Agent Name: David Patsel
Agent Phone: (804) 931-4072
Agency Title: Napier Realtors ERA

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Estimated Payment

$ 2,023.27 per month $1,390.98 Principal & Interest $450.00 Property Tax $182.29 Homeowner's Insurance

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