101 W Clay ST, Richmond, VA 23220
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101 W Clay ST, Richmond, VA 23220
101 W Clay ST, Richmond, VA 23220
101 W Clay ST, Richmond, VA 23220
101 W Clay ST, Richmond, VA 23220
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Virginia Capital

Virginia Capital

+1(804) 440-4663
$ 599,900
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101 W Clay ST Richmond, VA 23220

3,044 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,044 sqft

Price per Sqft $197

MLS Listing ID 2624901

Style Row House

Construction Status Approximate

HOA Y/N No

Year Built 1859

Annual Tax Amount $5,100

Tax Year 2025

Lot Size 2,761 Sqft

Acres 0.0634

Property Sub-Type Triplex

Property Description

Investment opportunity! 101 W Clay Street presents a compelling investment opportunity as a fully occupied, income-producing triplex in one of Richmond's most recognizable neighborhoods, Jackson Ward. -- Originally built in 1859, this Italianate rowhouse with Greek Revival influence has performed well as a multi-family property, with solid rental income and low vacancy rates, while preserving its architectural character and honoring the neighborhood's rich history. However, if that's not what you are looking for, it could also be restored to the grand single-family residence it once was. Many of the original features that helped define the architectural fabric of Jackson Ward remain intact. Tall, narrow windows bring natural light into living spaces framed by wide plank wood flooring, detailed moldings, marble mantelpieces, and original pocket doors. Outside, the bracketed cornice and ornamental ironwork create curb appeal not found in many investment properties. -- The property has a strong rental track record and consists of three units: a 1,522sf 2BR apartment on the 1st floor, a 1,522sf 3BR apartment on the 2nd floor, and a 981sf 2BR apartment in the English basement. Residents are consistently drawn to the area by major employers like Dominion, CoStar, Altria, Markel, NewMarket, McGuireWoods, Truist, and Bank of America, alongside institutions such as VCU, VCU Health, the Capitol, and numerous Commonwealth of Virginia offices, not to mention premier performing arts venues including Brown's Island, Allianz Amphitheater, The National, Dominion Energy Center, and the Altria Center. The rich array of restaurants, arts and culture venues, parks, the James River and other outdoor recreation nearby also contribute to the appeal. -- In addition to rental income, continued public and private investment throughout Jackson Ward and along the broader downtown Broad Street corridor could add potential for future appreciation as well.

Location

State VA

County Richmond City

Area 10 - Richmond

Direction Two blocks North of East Broad Street at the intersection of North Adams Street and West Clay Street.

Rooms

Basement Crawl Space, Partial

Interior

Interior Features High Ceilings

Appliance Electric Water Heater

Exterior

Fence Fenced, Full

Roof Type Other

Porch Rear Porch, Front Porch

Garage No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

Architectural Style Row House

Level or Stories Two

Structure Type Brick,Frame,Plaster

Construction Status Approximate

Schools

Elementary Schools Carver

Middle Schools Albert Hill

High Schools Thomas Jefferson

Others

Tax ID N000-0120-022

Ownership Individuals

Central Virginia Regional MLS (CVR MLS)
Listed by Shaheen Ruth Martin & Fonville

Nearby Schools & Properties

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101 W Clay ST

Virginia Capital

Virginia Capital

License ID: 0226018394

+1(804) 440-4663

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