3518 E Richmond Road U12Richmond, VA 23223
Villas Of Oakwood South · Richmond City
Description
Income-producing townhomes in Richmond’s established east-end corridor. Three 2-bedroom, 1-bath units available with strong rental history and five are currently tenant occupied, offering immediate and stable cash flow. Units 12 and 6 have been renovated with updated kitchens, LVP flooring, and modern finishes. Unit 11 is well maintained and currently performing. Washer/dryer connections in each unit. Tenants pay utilities. Select units include Housing Choice Voucher tenants with consistent payment history. Opportunity to purchase individually or together. Well positioned near downtown Richmond, Church Hill, and major commuter routes with continued growth and rental demand. Invited to contact lender with any financing questions.
Property Information
- Property type
- Residential
- Sub-type
- Condominium
- Style
- Two Story
- Year built
- 1966
- Stories
- 2
- Living area
- 760 Sq Ft
- Lot size
- 0.02 acres
- Ownership
- Individuals
- Days on market
- 198
- MLS® Listing#
- 2604625
Property Features
- Appliances
- Electric Water Heater · Water Heater
- Cooling
- Central Air
- Heating
- Electric
- Flooring
- Carpet · Laminate · Vinyl
- Pool
- None
- Patio
- Porch
- Construction
- Brick · Vinyl Siding
- Roof
- Composition
- Windows
- Insulated Windows · Screens
- Sewer
- Public Sewer
- Water source
- Public
Rooms
Second
- FullBath
Schools
- Elementary
- Chimborazo
- Middle
- Martin Luther King Jr.
- High
- Armstrong
Financial Details
- HOA
- $122 / Monthly
- Annual taxes
- $1,224Tax year 2025
- Assessed value
- $102,000
- Parcel number
- E000-1763-097
Directions
64 take 33 East Nine Mile Road exit. Turn right on Evergreen Road. Evergreen becomes Stoney Run Parkway. Turn right on East Richmond Road, then turn left to enter the condos.
Listing Courtesy: EXP Realty LLC - 7036653362
Presented by: Lauren Hammond
Last Updated: 2026-03-03T00:00:00.000Z
Richmond Market Statistics
How this home compares to 582 active listings in Richmond, VA
| Richmond median | This listing | |
|---|---|---|
| Median listing price | $388,732 | $125,000 |
| Median days on market | 39 | 198 |
| Median Sq Ft | 1,596 | 760 |
| Median price / Sq Ft | $245 | $164 |
Market statistics compiled from active EXIT Realty® and MLS listings in Richmond, VA.
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3530 E Richmond Road U11, Richmond, VA | $125,000 | 2 | 1 | 692 |
| 3510 E Richmond Road U6, Richmond, VA | $125,000 | 2 | 1 | 822 |
| 3518 E Richmond Road U11, Richmond, VA | $129,950 | 2 | 1 | 760 |
| 3520 E Richmond Road 105, Richmond, VA | $130,000 | 2 | 1 | 780 |
