Morton's Apartments | 214 E Grace St | 213 E Broad St Richmond, VA 23219

$3400000

Multi-Family
Property Type

24 
Units

.179 AC
Parcel

23,175 SF
GBA

Active Listing

About This Property

ONE SOUTH COMMERCIAL is pleased to present the Morton Apartments at 213 East Broad St & 214 East Grace St.​ The property is among the top tier of housing assets in the Downtown Richmond Area.​

Morton’s Apartments is a strongly-performing multifamily asset located on East Broad St & East Grace Street in the heart of Richmond’s Central Business District.​ Redeveloped in 2013 and renovated in 2019, the property comprises 23 Class A apartments and one commercial office space.​ With a walkability score of “97”, Morton’s Apartments are within walking distance of the largest employers and demand generators for downtown Richmond including the State Capitol and office buildings, MCV/VCU Health campus and medical school, VCU’s Monroe Park campus, headquarters for many of the region’s largest companies, and a myriad of local businesses, restaurants, cafes, galleries, retail stores, theatres, gourmet markets, etc.​ 

MORTON’S APARTMENTS’ prime location offers an investor the chance to lease to three different tenant profiles:

  • ​Young Professionals working at the CBD or State Capital
  • ​Healthcare Tenants (Medical School Students, Nurses, and Hospital Staff)
  • ​VCU Graduate Students

The property is on the route for the new GRTC Pulse bus rapid transit system and immediately proximate to all major highways.​

Additional Information

97
Walkability

64
Transit

Units 24
Parcel ID W00000359007 | W0000049006
Const. Materials Brick
Zoning Desc. B-4
Prop. Condition Good
Construction Date 1910
Renovation Date 2019
Co-broker Fee Yes

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