Most Affordable Homes for Sale in Richmond, VA Right Now
Last updated: January 2, 2026
Richmond has a median home sale price of $395K, a 10.3% decrease from last year. Homes stay on the market for an average of 53 days and receive an average of 1 offers.
About this home
Renovated Move-In Ready Townhome in Richmond! This recently renovated townhome is the perfect opportunity for first time home buyers or investors. Recent upgrades include: New flooring throughout, fresh paint, an updated kitchen with granite countertops and cabinetry with modern finishes, and an updated bathroom with a soaking tub and vanity. This home comes fully equipped with stainless steel appliances: stove, microwave, and dishwasher. It’s conveniently located in Richmond, minutes from Downtown, VCU, Church Hill, or Eastern Henrico. Whether you’re looking to live here or add to your investment portfolio, this property is a must see!
About this home
Great 2 bedroom in perfect move -in ready condition. NEW Black Pearl Granite, SS Sink & Faucet+ white cabinets! BRAND NEW HVAC 2/25!!! The L shaped kitchen is roomy and has room for an eat-in table. This popular location offers parking in the front on the street as well as assigned parking in the back of the building! There is no limit to how many units can be rentals in this community which makes this a great opportunity for investors! The association amenities include: assigned parking space, trash and snow removal, picnic area, fenced dog park, playground, car washing station, yard and common area maintenance. Great location between the Hills - Churchill and Fulton Hill overlooking Rockets Landing with restaurants, Gillies Park-Frisbee Golf and BMX track. Triple Crossing Brewery and Blue Atlas are also close by!
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Two story 1313 sq. ft. total renovation project. Growing Manchester area with newly renovated homes and new construction. Minutes from Downtown Richmond.
About this home
INVESTOR SPECIAL - Are you a first time investor or investor looking to add to their rental portfolio? This property is perfect for you! Come and see 3510 E. Richmond Rd #U3. This beautifully remodeled 2-bedroom, 1-bath townhome offers modern comfort with LVP flooring on the main level and cozy carpet upstairs. Enjoy the convenience of washer and dryer connections and a fresh, contemporary feel. Don't miss out on this gem!
About this home
THIS HOME IS READY FOR SOMEONE'S SPECIAL TOUCH. !!! Home has a brick foundation and is sold as is. The owner is making no repairs. This can be a rebuild or fixer upper and add some square footage. It is prefect for an investor. The bones are there already. Give me a call so you can get started. Inspection is for information only!!!!
About this home
Investor Opportunity awaits in the heart of Richmond’s Fairfield neighborhood. This 3-bedroom, 1-bath bungalow offers 864 sq ft of potential and sits on a level lot. Home is being sold as is and will not qualify for traditional financing due to its condition. Perfect for cash buyers or seasoned investors looking for their next project. With the right vision and repairs — including HVAC, windows, kitchen, bath updates and exterior improvements — this property could shine again. Convenient to downtown Richmond, interstates, and local amenities. Shown by appointment only; please do not disturb tenants.
About this home
Investor Opportunity. Get out your hammers and saws, and make this one a Home again. .. Rancher with a Detached 1.5 Car Garage. Home features a Living Room, Dining Room with built-in cases, Kitchen, Laundry Room, Hall Tub Bath, and 3 Bedrooms. Off of Hey Rd and convenient to shopping and Highway Access. Seller requires formal offers ONLY, no Letters of Intent.
About this home
* * Price improvement! * * A brand-new renovation awaits at 1701 Peter Paul Blvd, where modern updates meet the historic charm of Richmond’s East End. This two bedroom, one bathroom home has been thoughtfully refreshed from top to bottom, creating a move-in ready space designed for comfort and ease. The welcoming facade is framed by two mature shade trees and a chain-link fence, setting the tone for a property that feels both inviting and practical. Inside, new luxury vinyl tile flooring carries throughout every room, unifying the home with a clean and contemporary look. The open-concept living and kitchen area is bright and versatile, making it a natural gathering space for both everyday routines and relaxed entertaining. The kitchen features brand-new appliances, including a refrigerator and an electric range. The laundry closet with a convenient stacked washer and dryer unit conveys with the home, offering everything you need in one streamlined design. The bathroom has been fully renovated with fresh fixtures including a new tub, toilet, and vanity, giving it a crisp and polished feel. Both bedrooms include closets for storage and flexibility, whether you’re setting up a restful retreat, home office, or guest space. Outdoors, the fully fenced yard provides peace of mind along with space to enjoy gardening, pets, or simple outdoor relaxation. A detached shed offers additional storage, while rear alley access opens the possibility for added convenience. Located in a vibrant and evolving community, this home offers quick access to local parks, neighborhood eateries, and Richmond’s thriving downtown arts and entertainment scene. Don’t miss your chance to discover this thoughtfully updated home, schedule your private showing today!
About this home
Welcome to 105 E LABURNUM AVE! CALLING ALL INVESTORS, This home offers a large living / dining area, kitchen, 2 bedrooms, full bath and rear privacy fence. Great off-street parking in the front. This home's prime location offers convenience to shopping centers, grocery stores, parks, schools, bus line, and cultural attractions.
About this home
Fantastic Investment Opportunity in Highland Springs! This charming 3-bedroom, 1-bath ranch home offers 955 sq. ft. of potential and is the perfect project for investors or those looking to bring their renovation vision to life. Situated in the heart of Highland Springs in Henrico County, this property boasts a fully fenced backyard, ideal for outdoor living, pets, or future enhancements. Inside, you’ll find a functional layout ready for updates, along with convenient features like a pull-down attic for additional storage. Outside, a detached storage shed provides even more space for tools, hobbies, or equipment. With solid bones and tons of room to improve, this home is a blank canvas ready for your creativity. Whether you’re seeking a rental investment or a fixer-upper to turn into your own, this Highland Springs ranch is a must-see!
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