# 1401 Coalter Street, Richmond, VA 23223

> **TL;DR:** single family, $2,399,000, built 1967. Est. $10,396/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,399,000 |
| Year Built | 1967 |
| Lot Size | 25,700 sqft (0.59 acres) |
| Stories | 2 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $10,396 |
| **Total** | **$10,396** |

## Property Highlights

- Built in 1967
- 0.59 acre lot
- 2 stories

## Description

### Agent Description
**RICHMOND's BEST BUY** Value-add opportunity in Richmond (23223). This 20-unit apartment complex is the perfect property for any experienced investor. This is an easy BRRR. This property consists of 5 buildings, each a QUAD, with 2 upstairs units with vaulted ceilings, and 2 downstairs units. All units are all electric. Owner pays for water, sewer and trash, tenants pay for electric. All units are 20beds, 1-bath and are around 744 sq ft each. Units have forced hot air electric, and window AC units. There are currently 12 units rented, 6 units ready to rent, and 2 down units used for storage... Units rent in current condition at $1250 per month. With upgrades, rents can easily be $1500-$1900 per unit, depending on upgrades and finished. Property needs some basics, landscaping, fencing, driveway reclamation and overall cleanup. Interiors need basics as well like fresh flooring, cabinets, painting and counter tops. Easy place to upgrade to granite as kitchens are small and open. The largest upgrades would be to heating and cooling systems down the road as they expire. Value add opportunity, with 6 available units to rent, immediate added value of 7K per month as is, just need to rent them out. With basic cosmetics, can double the present monthly income in very little time. This one is worth taking a look at, nothing else on the market like it. Drive by and take a look today.

## Location

- **Address:** 1401 Coalter Street, Richmond, VA 23223
- **County:** Richmond City

## Listing Agent

- **Name:** Matt Smith
- **Brokerage:** Weichert Brockwell & Associate
- **Phone:** 8043660200
- **Email:** mattsmithrealty@yahoo.com

## Primary Photo

![1401 Coalter Street - Primary Photo](http://lh.rdcpix.com/8efb59a799cf85e908d387f2e5ae913cl-f897002602r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/1401-coalter-street-richmond-va-23223-2615177)*

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**MLS#:** 2615177 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1401-coalter-street-richmond-va-23223-2615177)

---

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