Lincoln Mews — Sale in Richmond, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Richmond, VA 23222

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Description

Marcus & Millichap is pleased to present for sale Lincoln Mews Apartments - A 245-unit garden-style apartment community situated on 10.07 acres at 4101 North Avenue in the North Richmond / Highland Park area of Richmond, Virginia. Built in 1970 and rehabbed in 2010, the property offers a diverse unit mix of one-, two-, three-, and four-bedroom floor plans and is located along a GRTC bus line with convenient access to Downtown Richmond. Investment Highlights: • Strategically located along the North Avenue corridor between Chamberlayne Avenue and Brookland Park Boulevard in Richmond's growing North Side. • Walkable neighborhood with immediate access to grocery stores, parks, restaurants, and everyday conveniences. • Excellent connectivity via GRTC bus service, including the fare-free Pulse rapid transit line with convenient access to Downtown Richmond. • Strong regional accessibility with quick connections to I-95, I-64, and I-295, providing efficient travel throughout the Richmond MSA. • Close to major demand drivers, including Virginia Union University, VCU, Downtown Richmond, the James River, and numerous employment and cultural destinations.

Market Context

This multifamily in Richmond, VA is listed for sale. Compare it against other multifamily listings for sale in Richmond, VA — view the full market.

As of Q4 2025, the Richmond multifamily market showed a 7.2% vacancy rate, and rents up 4.0% year over year. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Multifamily market FAQ

Is the Richmond multifamily market tightening or softening?
Vacancy is around 7.2%, with asking rents rising year over year (Q4 2025).

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