Discover a rare chance to acquire a stabilized, income-producing multifamily asset in one of Richmond’s fastest-growing urban neighborhoods. 601 Stockton Street is a 12-unit apartment community located in the heart of Manchester, a district known for robust redevelopment, walkability, and strong rental demand.
Property Highlights
• 12 Total Units – Well-maintained, consistently leased apartment community
• 18 Off-Street Parking Spaces – A rare and highly desirable amenity in an urban neighborhood
• Prime Manchester Location – Walkable to Hull Street’s growing lineup of restaurants, breweries, retail, and new mixed-use development
• Strong Rental Demand – Manchester continues to see rising rents and high occupancy
• Turnkey Investment – Immediate cash flow with future value-add opportunities
• Condo Conversion Potential – Property layout and parking availability present an attractive opportunity for future condominium sell-off
• Urban Convenience – Minutes to Downtown Richmond, the James River Park System, and major employment centers
• Excellent Access – Close proximity to I-95, the Downtown Expressway, and public transit
Investment Summary
601 Stockton Street gives investors the rare chance to control a well-located, manageable multifamily asset with multiple strategic exit options. With strong in-place performance, 18 dedicated parking spaces, and potential for future condo conversion, the property is positioned to capture both immediate income and long-term appreciation as the Manchester neighborhood continues to evolve.
