3518 E Richmond Rd, Unit U3

Richmond, VA 23223

$125,000
Last Sold Price
2
Beds
760 Sq. Ft.
$164 / Sq. Ft.
760
Sq. Ft.
$164
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 4/17/26Virtual Tour
Closed 4/17/26Virtual Tour
a front view of a house with garden
a front view of a house with a yard
a view of an empty room with wooden floor and a window
wooden floor in a room
a view of an empty room with wooden floor
a view of an empty room with wooden floor and a window
a kitchen with stainless steel appliances a stove and a microwave
a white refrigerator freezer sitting inside of a kitchen
a utility room with dryer and washer
a picture of a bench in a building
a view of a hallway with wooden floor
a view of empty room with wooden floor and fan
a view of an empty room and wooden floor
a bathroom with a sink a toilet a mirror and shower
a view of an empty room
a view of an empty room with wooden floor and a window
a view of an empty room with wooden floor
unknown
a picture of a floor plan

Description

Income-producing townhomes in Richmond’s established east-end corridor. Six 2-bedroom, 1-bath units available with strong rental history and five are currently tenant occupied, offering immediate and stable cash flow. Units 14, 12, 3 and 15 have been renovated with updated kitchens, LVP flooring, and modern finishes. Remaining units are well maintained and currently performing. Washer/dryer connections in each unit. Tenants pay utilities. Select units include Housing Choice Voucher tenants with consistent...Income-producing townhomes in Richmond’s established east-end corridor. Six 2-bedroom, 1-bath units available with strong rental history and five are currently tenant occupied, offering immediate and stable cash flow. Units 14, 12, 3 and 15 have been renovated with updated kitchens, LVP flooring, and modern finishes. Remaining units are well maintained and currently performing. Washer/dryer connections in each unit. Tenants pay utilities. Select units include Housing Choice Voucher tenants with consistent payment history. Opportunity to purchase individually or together. Well positioned near downtown Richmond, Church Hill, and major commuter routes with continued growth and rental demand. Invited to contact lender with any financing questions.
  1. Listed by Lauren Hammond • Brokerage DRE #226023254 • EXP Realty LLC
    P: (571)-442-0814 lauren.hammond@thecazagroup.com
  2. Listed by Madison Rutherford • Brokerage DRE #226023254 • EXP Realty LLC
    P: (804)-928-5885 madison.rutherford@exprealty.com

Property Details for 3518 East Richmond Road, Unit U3

Architectural Style
Two Story
Subdivision Name
Villas Of Oakwood South
Waterfront
No
LISTING UPDATED: 04/17/2026 10:26 AM

Property Details for 3518 East Richmond Road, Unit U3

StatusClosed
MLS #2604638
Days on Market21
Taxes$1,224 / year
HOA Fees$122 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built1966
CountyRichmond Independent City
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Location

Listing Courtesy of EXP Realty LLC, Lauren Hammond; EXP Realty LLC, Madison Rutherford

Sold By United Real Estate Richmond, Jullian Harrison

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Building Information for 3518 East Richmond Road, Unit U3

Building/Complex3518 E Richmond RdFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1966

Payment Calculator

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$853 per month

30 year fixed, 6.46% Interest

Principal and Interest

$629

Property Taxes

$102

HOA Dues

$122

The Payment Calculator is for illustrative purposes only.

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Property Information for 3518 East Richmond Road, Unit U3

Summary
Location and General Information
  • City: Richmond
  • County Or Parish: Richmond City
  • Directions: 64 take 33 East Nine Mile Road exit. Turn right on Evergreen Road. Evergreen becomes Stoney Run Parkway. Turn right on East Richmond Road, then turn left to enter the condos.
  • Latitude: 37.531637
  • Longitude: -77.395125
  • Postal City: Richmond
  • Postal Code: 23223
  • Postal Code Plus4: 6862
  • State Or Province: VA
  • Unit Number: U3
  • Unparsed Address: 3518 E Richmond Rd Unit#U3
  • Zoning Description: R-53
Taxes and HOA Information
  • Association Fee: $121.86
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds, Maintenance Structure, Snow Removal, Trash
  • Association: Yes
  • Parcel Number: E000-1763-088
  • Tax Annual Amount: $1,224.00
  • Tax Assessed Value: $102,000.00
  • Tax Legal Description: THE VILLAS OF OAKWOOD SOUTH U3518-3 0000.00X0000.00 0000.017 AC
  • Tax Year: 2025
School Information
  • Elementary School: Chimborazo
  • High School: Armstrong
  • Middle Or Junior School: Martin Luther King Jr.
Parking
  • Garage: No
Property
Lot Information
  • Above Grade Finished Area: 760.0
  • Below Grade Finished Area: 0.0
  • Building Area Source: Appraiser
  • Living Area: 760.00
  • Living Area Source: Appraiser
  • Lot Size Acres: 0.017
  • Lot Size Area: 0.017
  • Lot Size Units: Acres
  • Stories: 2
  • Stories Total: 2
  • Property Sub Type Additional: Condominium
Property and Assessments
  • New Construction: No
  • Property Attached: Yes
  • Property Condition: Resale
  • Type of Property: Condo/Town
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Year Built: 1966
  • Year Built Details: Actual
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Foundation Details: Slab
  • Pool Features: None
  • Roof: Composition
Interior Features
  • Appliances: Electric Water Heater, Water Heater
  • Basement: No
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 2
  • BathsTotal: 1.0
  • Room and Floor: Bedroom 2-Second, Primary Bedroom-Second, Kitchen-First, Dining Room-First, Living Room-First, Full Bath-Second
  • Room List: Bedroom 2, Primary Bedroom, Kitchen, Dining Room, Living Room, Full Bath
  • Cooling: Central Air
  • Cooling: Yes
  • Flooring: Carpet, Laminate, Vinyl
  • Heating: Electric, Heat Pump
  • Heating: Yes
  • Interior Features: Ceiling Fans, Laminate Counters
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Levels: Two
  • Rooms Total: 4
Room Information
Room 1
  • Room Type 1: Bedroom2
  • Room Level 1: Second
  • Room Length 1: 0.0
  • Room Width 1: 0.0
Room 2
  • Room Type 2: Primary Bedroom
  • Room Level 2: Second
  • Room Length 2: 0.0
  • Room Width 2: 0.0
Room 3
  • Room Type 3: Kitchen
  • Room Level 3: First
  • Room Length 3: 0.0
  • Room Width 3: 0.0
Room 4
  • Room Type 4: Dining Room
  • Room Level 4: First
  • Room Length 4: 0.0
  • Room Width 4: 0.0
Room 5
  • Room Type 5: Living Room
  • Room Level 5: First
  • Room Length 5: 0.0
  • Room Width 5: 0.0
Room 6
  • Room Type 6: Full Bath
  • Room Description 6: Tub & Shower
  • Room Level 6: Second
Rental
Rental Information
  • Price Per Area Unit: Dollars Per Square Foot

Property History for 3518 East Richmond Road, Unit U3

DateEvent & SourcePriceAppreciation
Apr 17, 2026

Sold

CVRMLS #2604638

$125,000—
Mar 25, 2026

Pending

CVRMLS #2604638

—
Mar 3, 2026

Listed (Active)

CVRMLS #2604638

$125,000—
DateEvent & SourcePrice
04/17/2026

Sold

CVRMLS #2604638

$125,000
03/25/2026

Pending

CVRMLS #2604638

—
03/03/2026

Listed (Active)

CVRMLS #2604638

$125,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3518 East Richmond Road, Unit U3

Taxable ValueLand$14,000Additions$44,000Total$58,000
Tax Record2020$660 ($55 / month)
Home Facts
Beds2Baths1Total Finished SqFt760 SqFtAbove Grade Finished SqFt760 SqFtStories2Lot Size741 SqFtStyleCondominiumYear Built1966Year Renovated1980ZoningR-53CountyRICHMOND CITYAPNE0001763088

Schools near 3518 East Richmond Road, Unit U3

This home is within Richmond City Public Schools.
Rating
School
Type
Grades
Distance
Chimborazo Elementary School
Public - PK to 5
Martin Luther King Jr. Middle School
Public - 6 to 8
Open High School
Public - 9 to 12
Armstrong High School
Public - 9 to 12
Rating
School
Distance
Chimborazo Elementary School
PublicPK to 5

Martin Luther King Jr. Middle School
Public6 to 8

Open High School
Public9 to 12

Armstrong High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of EXP Realty LLC, Lauren Hammond; EXP Realty LLC, Madison Rutherford

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.