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Back 2000 Lamb Ave
Off Market

2000 Lamb Ave

Richmond VA 23222

5692 sq. ft.
0.24 ac.
Multi-Family
Last sold for $1,150,000
Justin SleddJustin Sledd, last sold this property on 30 July 2026 after 174 days on market.

Overview

2000 Lamb Avenue presents a compelling opportunity to acquire a stabilized, value-add multifamily asset in an improving Richmond submarket. The property consists of eight (8) apartment units and has strong historical occupancy, offering immediate cash flow with upside remaining. Ownership has completed substantial capital improvements, including full renovations of six (6) of the eight units, exterior painting, window replacement as needed and paving of the rear parking lot, significantly reducing near-term capital expenditure needs. The renovated units feature modern finishes in the kitchen & bathroom and in-unit washer and dryers, a highly desirable amenity that supports strong tenant demand and retention. Despite the recent improvements, the property still offers a clear value-add opportunity through the renovation of the remaining two units. Additionally, current rents remain slightly below market, providing investors the ability to capture further upside through strategic rent growth as units turn and market conditions continue to strengthen. Located in an area of Richmond that continues to see reinvestment and neighborhood improvement, 2000 Lamb Avenue benefits from solid fundamentals, strong occupancy, and long-term appreciation potential. This asset is well suited for investors seeking a balance of stable income today with meaningful upside tomorrow.

Features

5692 sq. ft. floor area
0.24 ac. lot size
Multi-Family

Estimated Value

We need at least 3 similar multi families sold in Richmond over the last 12 months.

Property history for 2000 Lamb Ave

2026
Sold
$1,150,000
30 Jul 2026 by Justin Sledd, of One South Commercial LLC
2019
Sold
$445,000
01 Apr 2019

Happy sellers in Richmond

94%
94% of sellers in Richmond reported that their sale price either exceeded or met their price expectations.

Richmond stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Richmond over the last 12 months.

Local market activity for multi families in Richmond

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