Closed Listing

CLOSED | 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

Property Summary

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.​

PROPERTY DETAILS

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

97
Walkability

64
Transit

PROPERTY PHOTOS

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