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Richmond Area Duplex Search
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House-Hacking is the concept of buying a multi-family property and then living in one unit while renting out the other units so that the tenants pay the owner's mortgage. The owner builds equity while maintaining the property!
If you have the time and means, you can also update/renovate the units you aren't living in before renting them out to boost the rental value when you DO start renting out the units.
Over a short period, the mortgage will be paid off and can become a highly profitable income source for the owner!
Purchasing a duplex rather than a single-family home has several potential advantages, depending on your preferences, lifestyle, and financial goals. Here are some advantages of buying a duplex:
Rental Income:
One of the primary advantages is the potential for rental income. With a duplex, you can live in one unit and rent out the other, helping to offset your mortgage and other expenses. This can make homeownership more financially feasible.
Cost Sharing:
Expenses such as property taxes, insurance, and maintenance can be shared between the two units, reducing the overall financial burden compared to maintaining an entire single-family home on your own.
Build Equity Faster:
The rental income from the second unit can be used to pay down the mortgage faster, allowing you to build equity more quickly than with a single-family home.
Flexibility:
A duplex provides flexibility in terms of living arrangements. You can use both units for personal use, rent out both units, or use one for personal use and rent out the other. This flexibility can adapt to changing circumstances.
Tax Benefits:
As a homeowner, you may be eligible for certain tax benefits. Additionally, you can deduct expenses related to the rental unit, such as mortgage interest, property taxes, and maintenance costs.
Closeness to Investment:
If you are interested in real estate investment, owning a duplex allows you to be directly involved in property management, making it easier to keep an eye on your investment and address any issues promptly.
Shared Maintenance:
Maintenance tasks, such as landscaping and exterior repairs, can often be shared between the two units, reducing the time and effort required for property upkeep.
Security:
The proximity of having neighbors in the same building can enhance security. You may feel more secure knowing that there's someone nearby, especially if you live in one unit and rent out the other.
Homeownership Experience:
Owning a duplex can provide a similar homeownership experience to that of a single-family home, but with additional financial benefits. It allows you to enjoy the perks of property ownership while potentially generating income.
While there are advantages to purchasing a duplex, it's essential to carefully consider your goals, financial situation, and the responsibilities of being a landlord before making a decision. Additionally, local regulations and zoning laws may impact your ability to rent out a portion of the property, so it's important to be aware of any restrictions in your area.
Curious about the availability of duplex, and multi family housing in Richmond Virginia? Sign up for a Duplex (Multi Family) Richmond Real Estate Market Report to see what’s active, under contract, and sold!
Hot Multi Family Duplex Properties:
Wonderful project house in an up-and-coming area of northside! Many houses in the area have been renovated. Can be used as a duplex for income or convert back to single f...
- CVR-2620288 MLS
Investment Opportunity – Fully Occupied Duplex in Chesterfield County! Don't miss this exceptional investment opportunity at 2739 & 2741 Brampton Way, North Chesterfield,...
- CVR-2620298 MLS
Looking for your next investment opportunity in one of Petersburg’s growing areas? This duplex in the Historic area of Petersburg offers strong income potential in a loca...
- CVR-2620319 MLS
This is a nice brick duplex near VCU with off street parking. It has separate gas and electric meters. One water meter. Both units have central air and washer/dryer. The ...
- CVR-2620136 MLS
Turnkey, fully renovated and leased, this Hull Street duplex offers immediate income with strong long-term potential. Both units feature updated kitchens and bathrooms, a...
- CVR-2620096 MLS
INVESTOR SPECIAL, Unlock the potential of the 1920's duplex offering approximately 1,568 square feet on this lot of 3,330 square feet, and directly across from 3 new buil...
- CVR-2618848 MLS
Step into timeless Richmond charm with this beautifully preserved duplex in Union Hill Historic. Built in 1915, this classic Victorian row house overlooks the park and sh...
- CVR-2619492 MLS
Incredible opportunity to own an absolute gem in the heart of the Arts District. The upper floors contain five renovated apartments with beautiful hardwoods, abundant lig...
- CVR-2619745 MLS
Incredible opportunity to own an absolute gem in the heart of the Arts District. The 2nd floor contains one huge two-bedroom two-bathroom apartment with soaring ceilings,...
- CVR-2619741 MLS
Fantastic High Demand Rental opportunity. Brick QUAD walkable to VCU. All four units are leased with year leases for each tenant. Updates were completed in the propert...
- CVR-2619201 MLS
Don't miss this fantastic investment opportunity! This well-maintained duplex offers a total of 2,496 square feet, with 1,248 square feet of living space on each side. Ea...
- CVR-2619120 MLS
Experience the perfect blend of contemporary design, urban convenience, and exceptional investment potential with this duplex located in one of Richmond's most dynamic an...
- CVR-2618895 MLS
Located at 2218-2220 M Street in the heart of Richmond’s highly desirable Union Hill neighborhood, this fully renovated side-by-side duplex presents a rare opportunity t...
- CVR-2618857 MLS
Exceptional investment opportunity in the heart of Richmond's vibrant Jackson Ward neighborhood! This well-maintained duplex at 222 W Marshall Street offers the perfect c...
- CVR-2618780 MLS
Exceptional investment opportunity in the heart of Richmond's vibrant Jackson Ward neighborhood! This well-maintained duplex at 220 W Marshall Street offers the perfect c...
- CVR-2618774 MLS
ocated in the heart of Manchester, 1416 Porter Street presents an outstanding investment opportunity with this well-maintained duplex featuring two spacious 2-bedroom, 2-...
- CVR-2618363 MLS
Exceptional investment opportunity for an ambitious househacker or a savvy buy-and-hold investor. After undergoing a full gut renovation in 2020, this property has been a...
- CVR-2618150 MLS
This is your rare opportunity to own an updated townhome end unit by VCU with a unique in-law suite built-in for those generational family buyers - or an income-producing...
- CVR-2618336 MLS
Own a piece of Richmond history with The Meredith House, a remarkable Federal-style duplex originally built in 1813 and recognized as one of the oldest surviving homes in...
- CVR-2618326 MLS
Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartme...
- CVR-2617418 MLS
Beautifully maintained duplex offering two spacious 2-bedroom units, blending original charm with modern comforts. Enjoy a large wrap-around front porch, an upstairs balc...
- CVR-2617264 MLS
Petersburg Duplex For Sale. Welcome to 927.929 Farmer Street, in Historic Petersburg, Virginia. This Colonial Duplex, has 2 units, each is a 2-bedroom, 1-bath, with ba...
- CVR-2617357 MLS
EXCELLENT INVESTMENT OPPORTUNITY with immediate income producing duplex! Unit 1, downstairs, has 3 bedrooms and one full bath with 1275 SF and was COMPLETELY RENOVATED in...
- CVR-2616425 MLS
5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovat...
- CVR-2616583 MLS
2400 Barton Avenue presents an opportunity to acquire an 18-unit apartment community in Richmond's rapidly evolving Northside neighborhood. Situated prominently on the co...
- CVR-2616720 MLS
Great investment opportunity in historic Church Hill! This duplex features two occupied units with month-to-month tenants already in place, offering immediate rental inco...
- CVR-2615561 MLS
2034 W. Grace Street | The Fan | Richmond, VA 2034 W. Grace Street presents a rare opportunity to acquire an entire duplex property on one of The Fan’s most established ...
- CVR-2615451 MLS
Investor opportunity in Petersburg. This duplex features two spacious units, each offering 2 bedrooms and 1 full bathroom. Both units are currently vacant, giving the nex...
- CVR-2615165 MLS
A rare find! Don't miss this fully leased, income producing duplex, ideally located in a wonderful neighborhood, just steps from Bryan Park. This well-maintained, one lev...
- CVR-2614920 MLS
Outstanding opportunity to acquire an investor friendly 9-unit multifamily asset with stabilized rental income and an appraisal-supported cap rate of approximately 8.5% a...
- CVR-2614044 MLS
RARE FIND in the Short Pump/West End area of Henrico County with this fully renovated 2-story duplex! Seller offering a lease with option to purchase. Recently repaired a...
- CVR-2613989 MLS
Come live or invest in one of the highest growth areas in Richmond. This duplex has an upstairs unit and downstairs unit with separate entrances. Both levels are bright a...
- CVR-2613571 MLS
Positioned on one of Richmond’s most iconic residential neighborhoods – the Fan, 1300 Floyd Avenue presents a rare opportunity to acquire a classic Fan District triplex d...
- CVR-2613189 MLS
Welcome to 2859 Hull Street, a versatile multi-family asset strategically positioned in the sought-after Burfoot Addition. Located along the revitalizing Hull Street Corr...
- CVR-2612526 MLS
OPPORTUNITY IS KNOCKING! $70,000 UNDER CITY TAX ASSESMENT! Hard To Find, Beautifully Renovated Duplex in Richmond! ALL NEW KITCHENS, BATHS, FLOORING, APPLIANCES, TOO MUC...
- CVR-2612929 MLS
Petersburg Fully Rented Duplex – $219,750 Cash-Flowing Investment Opportunity! Investors, welcome to 749 Mt. Airy Street, Petersburg, VA—a fully occupied duplex with ...
- CVR-2612814 MLS
CALLING ALL INVESTORS AND OWNER OCCUPANTS: OPPORTUNITY IS KNOCKING! Located in Richmond's Fan District and priced to sell (at just over the 2025 real estate tax assessmen...
- CVR-2612539 MLS
This newer construction duplex (built in 2022) is located in the lively and rapidly growing Manchester neighborhood. Offering spacious, open-concept floor plans, high cei...
- CVR-2611786 MLS
OWNER FINANCING OFFERED . This duplex offers two self-contained 3BR/2BA units (6BR/4BA total) and is ready for full renovation—major foundational updates already complete...
- CVR-2611688 MLS
Whether you are growing your existing rental portfolio or waiting for the perfect property to start investing, this DUPLEX is not to be missed! LOCATION, LOCATION, LOCATI...
- CVR-2610034 MLS
Turnkey Investment Offering Strong In-Place Cash Flow in a Rapidly Improving Market. Over the past two years, the current ownership has executed a comprehensive renovatio...
- CVR-2611385 MLS
This fully leased five-unit apartment building at 23-25 W Old Street presents a rare opportunity to acquire a stabilized, income-producing asset in the heart of downtown ...
- CVR-2610384 MLS
Unlock the potential at 727 Harding Street in Petersburg, VA — a true investor’s dream! This as-is duplex offers immediate income with Unit A already tenant-occupied, pro...
- CVR-2610128 MLS
NEW CONSTRUCTION and scheduled for completion in October of 2026. Conveniently located in historic Manchester near downtown, James River Park System, and new restaurants...
- CVR-2609923 MLS
Rare value-add opportunity to acquire a fully renovated 7-unit multifamily building strategically positioned on the high-visibility Hull Street commercial corridor. This ...
- CVR-2606389 MLS
6-property single family rental portfolio investment in Henrico County. • 1311 Village Views Drive, Henrico, VA 23059 • 2001 Mountain Gate Way, Henrico, VA 23060 • 560...
- CVR-2604855 MLS
Fully occupied 4-Unit Multi-Family Property with SUBDIVIDABLE lot to build a single-family home by-right, or another multi-family property (with approvals). This location...
- CVR-2604831 MLS
Located in the heart of Shockoe Bottom, the Broom Factory Condominiums offer a rare opportunity to own a thoughtfully restored piece of Richmond history. The best of both...
- CVR-2603090 MLS
Prime Fan District investment opportunity at 2607 W Grace St—a classic 1910 brick quadplex featuring four (4) one-bedroom apartments in one of Richmond’s most in-demand, ...
- CVR-2601771 MLS
Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of B...
- CVR-2601767 MLS
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