Erin Dawson

Broker Associate

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$ 1,425,000

$ 1,495,000 4.7%

Est. payment -/mo

Sold on 07/08/2026

8 E Main ST Richmond, VA 23219

6,534 Sqft Lot

UPDATED:

Key Details

Sold Price $1,425,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 2611242

Sold Date 07/08/26

Style Garden Home

Construction Status Approximate

HOA Y/N No

Year Built 1890

Lot Size 6,534 Sqft

Acres 0.15

Property Description

8-10 E. Main St is a fully legal six-unit building in the heart of Downtown Richmond. The property carries a special zoning designation permitting six short-term rental units—an uncommon approval in the City of Richmond and a meaningful barrier to entry. Currently configured as one one-bedroom apartment and 5 two bedroom apartments, the building includes five designated parking spaces, a distinct advantage in this location. It offers updated water heaters and interiors. Energy-efficient replacement windows were installed in 2024, enhancing performance and comfort. A monitored fire sprinkler system meets current code requirements. With a Walk Score of 97, the property is steps from Downtown, VCU, VCU Medical Center (MCV), the Arts District, The Jefferson Hotel, The Commonwealth Club, and The Common House. Dining, employment, and cultural venues are within easy reach. **Investment Profiles** **1. Legal Short-Term Rental Asset** Compliant, income-producing property in a market where approvals are limited. Proximity to VCU, state government, and Downtown employers supports consistent occupancy from business travelers, visiting faculty, and medical professionals. Recent improvements support efficient operations with minimal near-term capital needs. **2. Long-Term Multifamily Investment** The location supports steady demand from professionals, graduate students, and hospital staff. One and two-bedroom units in a walkable Downtown setting with dedicated parking remain highly desirable. Updated interiors and systems reduce turnover and maintenance exposure. **3. Condominium Conversion Opportunity** The layout and location support a boutique condominium conversion. Demand for centrally located one and two bedroom residences remains strong among first-time buyers, professionals, and downsizing owners seeking proximity to work and amenities. Existing renovations and window upgrades position the property closer to condominium-grade standards.

Location

State VA

County Richmond City

Area 10 - Richmond

Interior

Heating Zoned

Cooling Central Air

Exterior

Fence Wood

Roof Type Asphalt

Topography Level

Total Parking Spaces 5

Building

Lot Description Level

Building Description Brick, Multi-Tenant,No Elevators

Story 3

Sewer Other

Water Community/Coop

Architectural Style Garden Home

Level or Stories Three Or More

Structure Type Brick

Construction Status Approximate

Others

Tax ID W000-0082-020

Ownership Investment

Financing Conventional

Listed by PARK 27
Bought with NON MLS OFFICE

NEARBY SCHOOLS & PROPERTIES

Erin Dawson

Broker Associate

+1(804) 332-0992

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