2304 5th Avenue
Richmond, VA 23222
- – beds
- – baths
- 2,068 sqft
- 6,281 sqft lot
- $186 per sqft
- 2007 build
- – on site
Located in Richmond’s rapidly evolving North Highland Park neighborhood, 2304 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, with a total income of $2,565 per month in rental income. 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. 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, 2304 5th Avenue offers stable cash flow in a city primed for sustained growth.
Last checked:
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Last updated Mar 21, 2025
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MLS# 2507066 —
The Building
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Year Built:2007
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Year Built Details:Approximate
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Construction Materials:AluminumSiding,VinylSiding,WoodSiding
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Architectural Style:TwoStory
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Roof:BuiltUp
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Stories Total:2
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Stories:2
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Levels:Two
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Basement:CrawlSpace
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Basement:false
Room Dimensions
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Living Area:2068.0
The Property
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Parcel Number:N000-0611-005
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Property Type:ResidentialIncome
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Property Subtype:Duplex
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Property Subtype Additional:Duplex
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Lot Size Acres:0.1442
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Lot Size Area:0.1442
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Lot Size Units:Acres
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Zoning Description:R-6
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (804) 307-4060
- Office phone:
- (804) 266-8831
Taxes
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Tax Year:2024
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Tax Lot:B32
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Tax Annual Amount:2868.0
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Tax Assessed Value:250000
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Tax Legal Description:MOUNT COMFORT L13PT14B32 0044.85X0140.00 IRG0000.144 AC
Utilities
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Sewer:PublicSewer
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Water Source:Public
Schools
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Elementary School:Overby-Sheppard
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Middle Or Junior School:Henderson
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High School:John Marshall
The Community
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Subdivision Name:Chestnut Hills
Parking
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Garage:false
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 |
|---|---|---|---|---|
|
3/20/25
Mar 20, 2025
|
Listed / Active | CVRMLS | $385,000 | 120.0% (22.8% / YR) |
|
12/16/19
Dec 16, 2019
|
CVRMLS | $175,000 | 25.1% (4.9% / YR) | |
|
11/7/14
Nov 7, 2014
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CVRMLS | $139,900 |
