2007 Cedar Street
Richmond, VA 23223
- – beds
- – baths
- – sqft
- 3,311 sqft lot
- – on site
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.
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Last updated Feb 7, 2025
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MLS# 2503124 —
The Building
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Basement:false
Financial & Terms
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Possession:Negotiable
The Property
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Parcel Number:E000-0252-003
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Property Type:Land
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Property Subtype:UnimprovedLand
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Possible Use:MultiFamily
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Lot Size Acres:0.076
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Lot Size Area:0.076
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Lot Size Units:Acres
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Zoning Description:R-63
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (804) 397-5078
- Office phone:
- (804) 353-0009
Taxes
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Tax Year:2024
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Tax Annual Amount:720.0
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Tax Assessed Value:93000
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Tax Legal Description:0037.00X0100.00 IRG0000.076 AC
Utilities
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Utilities:NaturalGasAvailable,PhoneAvailable,ElectricityAvailable
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Sewer:NotConnectedNearby,PublicSewer
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Water Source:NotConnectedNearby,Public
Schools
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Elementary School:Bellevue
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Middle Or Junior School:Martin Luther King Jr.
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High School:Armstrong
The Community
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Subdivision Name:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/6/25
Feb 6, 2025
|
Listed / Active | CVRMLS | $400,000 | 433.3% (67.3% / YR) |
|
8/31/18
Aug 31, 2018
|
CVRMLS | $75,000 |
