USAVARichmondBurfoot Addition2863 Hull Street

2863 Hull Street, Richmond, VA

Name: 2863 Hull Street, For Sale in Richmond - Zoocasa
Brand: Hardesty Homes
SKU: 2606389
Price: 899000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$899,000

000

MLS® 2606389

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 3218 sqft

Garage Yes

Taxes $3,744

Days Active 0

Lot Size 0.2424 acres

Approx. Age 1928

Avg. Price Per Sqft $279

MLS® Number 2606389

Property Address: 2863 Hull Street, Richmond, VA, 23224

Average square foot calculated using Size range provided by listing agent.

Description

Rare value-add opportunity to acquire a fully renovated 7-unit multifamily building strategically positioned on the high-visibility Hull Street commercial corridor. This B-3 zoned property, totaling approximately 3, 218 SF, features six studio apartments with full kitchens and private bathrooms, plus one additional guest suite, all updated in 2020. With a stabilized gross potential income of approximately $98, 856 annually, investors can realize immediate upside by leasing the three current vacancies at market rates. The offering is uniquely enhanced by the inclusion of the adjacent lot at 2861 Hull St, providing significant potential for future subdivision or ground-up development. Currently operated with landlord-paid utilities, there is a clear path to further increasing Net Operating Income through the implementation of sub-metering or a RUBS billing program, making this a premier multifaceted asset in a rapidly growing Richmond corridor.

MLS® Number2606389

Laundry Level

Central VacNo

FireplaceNo

Acreage0.2424

Exterior

GarageYes

Approx. Age1928

BasementPartial

DrivewayDetached, Garage

Garage Spaces1

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 16, 2026List Date

$899,000List Price

Map

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