201 Brickyard Drive

About this home

This well-performing multifamily property offers strong in-place cash flow with continued growth potential. Revenue has increased steadily year over year, with the most recent reporting period (2025) reflecting a 22% increase in NOI from year-end 2024 to year-end 2025, driven by a 30% increase in rents — with additional upside remaining for future rent optimization. 2026 through June 30 (first half) just uploaded; new water meters installed to separate out the water expense; increasing NOI by about $24,000 annually starting the second half of 2026. Extensive renovations and upgrades completed in recent years make this a turnkey asset with operational stability and attractive value-add opportunity. The property includes 28 two-bedroom / one-bath units and 12 three-bedroom / 1.5-bath units. The three-bedroom units feature in-unit washer/dryer hookups, while the two-bedroom units are served by a central laundry facility. Occupancy has remained consistently strong, supported by a tenant waiting list. Preliminary review indicates the potential to add up to eight additional units (buyer to verify approvals and requirements with the county as part of due diligence). This is a rare opportunity to acquire a stabilized, cash-flowing multifamily asset with meaningful income growth and expansion potential. Property Highlights • Stabilized property with proven operating performance • 22% NOI increase/30% rent growth in most recent year (2024–2025) • Turnkey with numerous recent renovations • Unit mix: 28 (2BR / 1BA) + 12 (3BR / 1.5BA) • Washer/dryer hookups in 3BR units • Central laundry for 2BR units • Consistently high occupancy with waiting list • Potential for up to 8 additional units (verify with county) Showing Instructions: Please DO NOT visit the property or engage with tenants or on-site personnel without prior coordination with the listing agent. All visits must be scheduled through and accompanied by the listing agent.

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Property details

Listing information

Realty Agent

Stephany Lopez, REALTOR®

Real Estate Agent

slopez@capcenter.com(804) 836-5401Contact Our Team

Listing Details

MLS System

CVRMLS

MLS ID

2430747

MLS Status

Active

Listed by: Shaheen Ruth Martin & Fonville · (804) 288-2100

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All or a portion of the Listing Content is provided by the Central Virginia Regional MLS, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional MLS, LLC. All rights reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.