For Sale · Fully Operational Laundromat & Airbnb Income in Northside
Prime Mixed-Use Investment with Buildable Lot
2021 North Avenue Richmond Virginia 23222
Asking$925,000
For Sale · Fully Operational Laundromat & Airbnb Income in Northside
2021 North Avenue Richmond Virginia 23222
DIVERSE INCOME STREAMS: FULLY OPERATIONAL LAUNDROMAT + 2 HIGH-END RESIDENTIAL UNITS
TURNKEY RESIDENTIAL UNITS: ONE 2BR/2BA & ONE 1BR/1BA
DEVELOPMENT POTENTIAL: INCLUDES BUILDABLE LOT
STRATEGIC LOCATION: RVA’S REVITALIZING NORTHSIDE
STRONG CASH FLOW & APPRECIATION: POSITIONED FOR BOTH IMMEDIATE INCOME & LONG-TERM APPRECIATION
One South Commercial is pleased to present the exclusive listing for 2021 North Avenue, a prime mixed-use investment opportunity located in the heart of Richmond, Virginia.
Totaling 3,968 square feet, the property features a fully operational laundromat on the ground floor, providing stable commercial income. Upstairs, two beautifully finished Class A apartments offer modern, high-end living. One unit is a spacious two-bedroom, two-bath layout, while the other is a generous one-bedroom, one-bath unit. Projected NOI for 2026 is $70,000.
In addition to the existing improvements, the property includes a buildable lot, presenting a unique development opportunity for additional residential units or a mixed-use concept. Ideally situated in Richmond’s Northside, the property is surrounded by a wave of revitalization—including new multifamily developments, restaurants, and small businesses—all contributing to the area’s continued growth and appeal. With close proximity to downtown Richmond, Virginia Union University, and easy access to I-64 and I-95, this offering is a rare chance to invest in one of the city’s fastest-improving corridors.
ABOUT NORTHSIDE
Richmond’s Northside is a vibrant collection of historic neighborhoods like Ginter Park, Bellevue, Barton Heights, and Highland Park, each offering a distinct character rooted in the city’s late 19th- and early 20th-century growth. The area is celebrated for its well-preserved architecture, including Craftsman bungalows, Colonial Revivals, and stately early brick homes, alongside pockets of newer infill and renovated residences that blend modern comfort with historic charm.
Residents benefit from convenient access to shopping, dining, and entertainment along Chamberlayne Avenue, Brookland Park, and nearby retail hubs, while parks, trails, and community centers provide abundant recreational opportunities. Healthcare services are readily available, with major hospitals and specialty clinics a short drive away. Families enjoy a mix of well-regarded public schools and private educational options.
Chris is a Richmond native and industry veteran with extensive experience in real estate investment and development. For 13 years he served as Principal and in-house Broker with Riverstone Properties, managing and growing a diverse portfolio for one of Virginia’s prominent families. This provided the opportunity to work in all sectors of commercial real estate.
Prior to joining Riverstone, Chris served as a Vice President and Project Manager with East West Partners of Virginia for 10 years. He holds an MBA with a concentration in Real Estate Development from VCU and an undergraduate degree from East Carolina University.
In 2024, Chris started his consulting company, Double C Real Estate, and joined One South Commercial as an Associate Broker to draw on his experience and help families, businesses and investors evaluate, optimize and grow their commercial real estate holdings.
Justin is a seasoned commercial real estate expert with over 15 years worth of experience. Having a widespread knowledge of the Richmond real estate market, Justin is comfortable handling many types of transactions, but his primary practice areas are multifamily and investment sales. Justin possesses a commanding knowledge of Richmond’s rental market, providing his clients with in-depth analysis of the competitive landscape and value-added solutions. Justin is a Richmond native and a graduate of Virginia Commonwealth University.
DISCLAIMER: This offering memorandum is intended as a reference for prospective purchasers in the evaluation of the property and its suitability for investment. Neither One South Commercial nor Seller make any representations or warranties with respect to the accuracy or completeness of the materials contained in the offering memorandum. Prospective purchasers should evaluate the property independently and rely solely on such independent evaluation in determining whether to purchase the property. The offering memorandum, pricing, and terms therein are subject to change or withdrawal at the discretion of Seller and One South Commercial, as Seller’s exclusive representative. *Information provided deemed reliable but not guaranteed
