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506 North 3rd Street

Richmond, TX 77469

4 beds
1 bath
– sqft
5,250 sqft lot
1982 build
– on site

Discover a solid investment in the heart of Richmond with this well-maintained four-plex, 3 units featuring 2 bedrooms and 1 bath/ 1 unit features 1 bedroom and 1 bath. The property boasts modern tile flooring throughout, ensuring easy upkeep and a contemporary feel. Recently replaced roof (4 years) and newly installed windows ( 1 year) , newly painted front-facing exteriors ( 1 month), newly striped parking lot (1 month). Property has never flooded. 2 a/c units were replaced in 2021. With all units currently occupied, this income-generating gem offers immediate cash flow. Residents benefit from dedicated parking, enhancing convenience and appeal. Don’t miss this opportunity to add a reliable and attractive asset to your portfolio! It's walking distance to scenic Wessendorff Park and historic Downtown Richmond. The shed is not located on the property line and will not be included with the sale of the property.

Listing courtesy of HAR / Keller Williams Realty Southwest

Last checked: Checking… • Last updated Feb 14, 2025 •

MLS# 71780587 —

The Building

Year Built:

1982
Year Built Source:

Appraisal District
New Construction:

No
Roof:

Composition
Stories:

1

Interior

Floors:

Tile

Financial & Terms

Finance Available:

Cash Sale, Conventional, FHA, VA

Location

Directions:

Traveling W on 90; Turn right onto 2nd St.; Turn left onto Jane Long St.; Turn right at the 1st cross street onto N. 3rd St.; Fourplex will be on the right.
Latitude:

29.587746
Longitude:

-95.762390

The Property

Property Type:

Multi-Family
Property Subtype:

Fourplex
Parcel Number:

2715-00-008-0035-901
Acres Description:

0 up to 1/4 Acres
Lot Size:

5,250 Sqft
Lot Size Source:

Appraisal District
Lot Price SqFt List:

80.95
Miscellaneous Features:

Fire/Smoke Alarm
Area:

30

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Rate:

$2.24
Tax Amount:

$3,424

Beds

Total Bedrooms:

4

Baths

Total Baths:

1.00
Full Baths:

1

The Listing

Status:

Active
Disclosures:

Sellers Disclosure, Tenant Occupied

Heating & Cooling

Heat System:

Central Electric
Cool System:

Central Electric

Utilities

Utilities:

Water
Energy:

Ceiling Fans

Appliances

Microwave:

Yes
Dishwasher:

Yes

Schools

Elementary:

PINK ELEMENTARY SCHOOL (LAMAR)
Middle School:

LAMAR JUNIOR HIGH SCHOOL
High School:

LAMAR CONSOLIDATED HIGH SCHOOL
Additional School:

WESSENDORFF MIDDLE SCHOOL
School District:

33 - Lamar Consolidated

The Community

Subdivision:

Dechaums Add
Active Community 55:

No
Restrictions:

Deed Restrictions
Management Company:

No
Maintenance Fee:

No
Other Fees:

No

Extra Units

Total Units:

4
Unit Count:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Multifamily For Sale

$425,000

Price drop −$25,000

Listing provided by broker:

Valerie Diaz

Keller Williams Realty Southwest

Want a closer look?

Go see 506 North 3rd Street

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This multifamily located in Richmond Downtown Historic District, Richmond, TX 77469 is currently for sale for $425,000. 506 North 3rd Street is a – square foot multifamily with 4 beds and 1 bath that has been on Estately for 178 days. 506 North 3rd Street is in the Richmond Downtown Historic District neighborhood of Richmond and has a WalkScore® of 36, making it car-dependent. This multifamily is in the attendance area of Wessendorff Middle School, Pink Elementary School, Lamar Junior High School, and Lamar Consolidated High School.

Listing Courtesy of: HAR and Keller Williams Realty Southwest.

© 2025 Houston Realtors Information Service, Inc. All information provided is deemed reliable but is not guaranteed and should be independently verified. Houston Realtors Information Service, Inc., Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Houston Realtors Information Service, Inc. and Estately assume no responsibility for typographical errors, misprints or misinformation. This property listing is offered without respect to any protected classes in accordance with the law.