Professional grm calculator optimized for multifamily properties in Richmond. Local market data shows 6.4% average cap rates and $325,000 median property values.
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The Richmond, VA multifamily real estate market offers unique investment opportunities. With a median home price of $325,000 and average cap rates of 6.4%,multifamily properties in this market present a strong yield profile.
Current market conditions show properties averaging 35 days on market, with year-over-year appreciation of 4.8%. Average cash-on-cash returns for multifamily investments in Richmond are approximately 10.3%.