About this home

Welcome to 607 Verde Avenue, a rare move-in ready duplex opportunity offering flexibility, income potential, and long-term value in Richmond. Whether you're a first-time homebuyer looking to offset your mortgage, an investor seeking strong rental income, or a family in need of additional living space, this property presents a variety of possibilities. The duplex features two well-designed units, each offering 3 bedrooms and 2 bathrooms, for a total of 6 bedrooms and 4 bathrooms. Both units include an open-concept kitchen and living room layout, laminate flooring, and dedicated laundry areas. Additional highlights include bonus storage sheds, a spacious wraparound yard, and plenty of outdoor space for entertaining, gardening, or everyday enjoyment. The functional floor plans provide comfortable and flexible living arrangements suited for owner-occupants, tenants, or multigenerational households. Owner-occupants can take advantage of the opportunity to live in one unit while generating rental income from the other, helping offset monthly housing expenses and build equity over time. Investors will appreciate the property's income-producing potential and projected ~6.95% cap rate, making it an attractive addition to a real estate portfolio. The property also offers a generous driveway with ample off-street parking, providing added convenience for residents and guests. With separate living spaces and flexible use options, the duplex is well-suited for a variety of ownership strategies. Nearby recreational destinations include North Richmond Ballpark and Shields-Reid Park. Don't miss your chance to own a versatile duplex with strong income potential and multiple paths to long-term financial growth.

Facts and features

Schools

• Verde Elementary School

  elementary · K-8 · 0.1 mi

  2

• Richmond High School

  high · 9-12 · 1.0 mi

  3

• Malcolm X Academy

  elementary · 1-12 · 0.9 mi

• Helms Middle School

  middle · 7-8 · 1.3 mi

  1

• Dover Elementary School

  elementary · K-6 · 0.7 mi

  4

• Edward M. Downer Elementary School

  elementary · K-6 · 0.7 mi

  3

Price history

• Jul 21, 2026 · Price Changed$725,000
• Jul 21, 2026 · Price Changed$725,000
• Jun 12, 2026 · Listed$749,000
• Jun 12, 2026 · Listed$749,000
• Jun 5, 2023 · Sold$700,000
• Dec 9, 2005 · Sold$450,000
• Nov 14, 2000 · Sold$118,000
• Sep 22, 2000 · Sold$92,000

Tax history

• 2026$11,676 tax · $742,845 assessed
• 2025$11,383 tax · $742,845 assessed
• 2024$11,121 tax · $728,280 assessed
• 2023$9,481 tax · $591,064 assessed
• 2022$9,336 tax · $579,476 assessed
• 2021$12,502 tax · $568,114 assessed
• 2020$10,341 tax · $562,290 assessed
• 2019$8,763 tax · $451,000 assessed

Home value

$718,000

• Collateral Analytics$718,000
• Cotality$685,000
• Quantarium$736,706

Where it is