601 Stockton Street, Richmond, VA 23224 (MLS # 2533288)

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PRICE $2,200,000 SIZE 10,152 sqft LOT SIZE 20,474 sqft Request More Info Schedule a Showing

Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond's fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand. Property Highlights "¢ 12 Total Units - Well-maintained, consistently leased apartment community "¢ 18 Off-Street Parking Spaces - A rare and highly desirable amenity in an urban neighborhood "¢ Prime Manchester Location - Walkable to Hull Street's growing lineup of restaurants, breweries, retail, and new mixed-use development "¢ Strong Rental Demand - Manchester continues to see rising rents and high occupancy "¢ Turnkey Investment - Immediate cash flow with future value-add opportunities "¢ Condo Conversion Potential - Property layout and parking availability present an attractive opportunity for future condominium sell-off "¢ Urban Convenience - Minutes to Downtown Richmond, the James River Park System, and major employment centers "¢ Excellent Access - Close proximity to I-95, the Downtown Expressway, and public transit Investment Summary 601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.