8 days on rocket

3420 S St, Richmond, VA, 23223

$599,000

Home List Price

$7,113*

Closing Credit

0 Baths
2,952 SqFt
$203/SqFt
Multi

Location

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3420 S St, Richmond$599,000

Buyer Closing Credits

$7,113*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1910
MLS #2431091
Lot Size0.04 Acres
StatusActive

About 3420 S St

This investment property is primed for potential growth and profitability. Each unit features a spacious two-bedroom, one-bathroom floor plan, complemented by modern amenities such as central air and washer/dryer hookups. Updated kitchens and bathrooms enhance the appeal, while professional management and minor cosmetic upgrades could unlock higher rental income. The property also features a designated paved parking area at the rear, ensuring convenience for tenants. Situated in the thriving Church Hill neighborhood, which is experiencing a renaissance in redevelopment, this undervalued asset presents an exceptional opportunity for investors to capitalize on a growing market.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1910
  • Stories: 2
  • Living Area: 2,952 SqFt

Listing Office:

  • Office Name: One South Commercial LLC
  • Office Phone: (804) 266-8831
  • Listing Agent: Justin Sledd

Interior Features

Interior Information:

  • Basement: No

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,000
  • Price Per SqFt: $203/SqFt

Tax Information:

  • Annual Amount: $1,632
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Richmond, VA.

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Richmond, VA

City

Med. Sold Price

$359.9K

Med. Price/SqFt

$226

Avg. Days On Market

27

# of Sold Homes

318

3420 S St vs Richmond

8 DAYS ON ROCKET

-19 Days

$599,000

+$239K More

$203/SqFt

-$24 Less

KEY TAKEAWAY

This property is $239K more than the Median Sold Price and $24/SqFt less than other homes in Richmond, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2431091

Listing Office:

  • Office Name: One South Commercial LLC
  • Office Phone: (804) 266-8831
  • Listing Agent: Justin Sledd

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/11/2024, 6:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,632$138,000
2020$1,632$136,000
2019$1,104$117,000
2018$1,104$108,000

History based on county public records data.

Payment Calculator

$3,057

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,862

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1783795
2
/10

  • Henry L. Marsh, III Elementary School

  • 813 N 28th St

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-1783796
3
/10

  • Chimborazo Elementary School

  • 3000 E Marshall St

  • 0.72 miles

  • Public District Grades PK-5

school-card-donut-1783797
2
/10

  • Woodville Elementary School

  • 2000 N 28th St

  • 0.74 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,550. Most Richmond, VA residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Richmond›23223›3420 S St

This home is located at 3420 S St in Richmond, VA and zip code 23223 in the East Side neighborhood. This 2,952 square foot home, which was built in 1910, sits on a 0.04 acre lot. It has been listed on Rocket Homes since December 03, 2024 and is currently priced at $599,000.

While more than 124 listings in Richmond, VA in November 2024 were sold above asking price, there were more than 80 listings sold at asking price, and more than 112 were sold below. The number of homes for sale in Richmond, VA decreased by 7.4% between October 2024 and November 2024. The median list price of listings available in November 2024 was $359,917, while the average time on the real estate market was 27 days.

From Rocket Homes Real Estate and based on county public records data.

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