MultiFamily Buildings for Sale
- Richmond's Fan District -
The large majority of multi-family apartment buildings in Richmond's Fan District take on two basic forms.
Duplexes/triplexes, barely distinguishable (intentionally) from the adjacent single family homes provide a more formal rental option and 3 story walk-up buildings comprised of either 6 or 12 units provide a less formal option. The duplex/triplex buildings tend to offer larger spaces than the 3 story 'tentement' styled apartments.
It is more common to find the larger apartment buildings (6/12 units or more) in the Upper Fan (west of Lombardy) with the Boulevard and Museum District providing the highest density of apartments West of VCU (but within the City limits.)
Numerous Fan District buildings were purchased during the early to middle 2000’s, renovated, and then converted to condominiums to provide housing at lower price points. These buildings targeted those who wished to live in and amongst the amenities provided by the Fan but could not afford the $400k+ price tag of a typical Fan home. The conversion of these structures removed many apartment units from the rental market during this period.
The Richmond MLS only allows input of multi-family buildings of 4 units or less (and thus only 4 or fewer unit buildings can be displayed on this site.) Contact one of the agents at One South for a list of multi-family properties if you seek buildings on a larger scale.
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