1620 W Cary Street, Richmond, VA 23220

Property Description

Investor’s Dream! Looking to add to your portfolio or dive into the rental market? This turn-key investment opportunity is located in the heart of Richmond’s vibrant Fan/VCU area. Loaded with historic charm, the home welcomes you with original wrought-iron gates and fencing. Enjoy immediate, established rental income with reliable, long-term tenants currently leased through August 1, 2027—offering substantial upside potential for future rent increases in a consistently high-demand location minutes from top dining, shopping, entertainment, and universities. This classic brick rowhome features approximately 1,688 sq. ft. across two spacious levels, offering 4 bedrooms and 2 full bathrooms. Inside, you'll find classic historic details including original hardwood floors, high ceilings, exposed brick, non-working fireplaces, large windows with new blinds, and generously sized rooms. A dedicated second-floor laundry room includes the washer, dryer, and built-in shelving. Out back, the rear deck provides great outdoor space for grilling or relaxing, leading directly to a private parking area with 2 off-street parking spaces—a rare and valuable commodity in this neighborhood! The property features major full-gut updates (electrical, plumbing, HVAC, and appliances) alongside a long list of recent September 2026 improvements, including a powerwashed and resealed roof (Apoc 576 premium silicone), freshly painted front and back doors, repaired decorative exterior cement and trim, powerwashed front façade, new HVAC vent covers, updated bathroom lighting, and sealed hallway skylight. Just down the block from Nate’s Bagels and steps from Carytown, Maymont, and the Museum District, this is an unbeatable opportunity to acquire a high-performing asset in one of Richmond’s most sought-after rental corridors.