Overview

Property Management in Tricities, Richmond, VA

The Tri Cities of Richmond in southern Virginia is a wonderful example of how history and a diverse selection of real estate can be harmoniously combined.

You might be wondering what are the Tri Cities in Richmond VA. It is an area in the Greater Richmond Region consisting of Colonial Heights, Hopewell, and Petersburg. These cities’ rental markets set records in occupancy and rent growth over the last years. Renting properties in Tri Cities needs many things to consider to find tenants and maximize investment while protecting the property. Several affordable developments break in Greater Richmond Region, and the cities plan to develop more residential areas to meet the growing housing demand. Please feel free to contact us via email or call us anytime in case you are interested to learn more about Tri Cities property management.

RELIABLE LOCAL SERVICES: The communities that make up the Tri-Cities area attract a large number of prospective homeowners because they successfully combine the benefits of living in a small town with access to thriving employment areas, hospitals, colleges and universities, and cultural events of world-class caliber. Aside from that, several property management companies are also across these Tri Cities. To help rental property owners, several Tricities property management offers a full range of property management services tailored for an investor, homeowner, or landlord. The service includes a market assessment to ensure the property’s market value, preparing rental, advertisement, tenant screening, managing lease preparation and signing, and moveouts. For tenants, property management Tricities will make finding rentals in a desirable location easy. Virginia grows year by year, welcoming more opportunities; therefore, the housing demand in tri cities increases.

FLOURISHING EMPLOYMENT OPPORTUNITIES: Tri-Cities is home to a thriving job market as well as a large number of jobs in a variety of fields, which provides locals with work opportunities and decent living conditions.

FUN AND RECREATION: Residents have a wide array of options to select from when it comes to vibrant events, rich history, activities, and recreational amenities to enjoy day and night in Tri-Cities.

Tricities Property Management Real Estate

5 Real Estate Facts About Tricities Property Management

  • The housing options in the Richmond Tri City area are varied and appealing, ranging from newly constructed homes in the city’s many subdivisions to historic older houses in the area’s well-established communities.

  • Typical floor plan of homes in Tri cities consists of 2-5 bedrooms and 1-5 bathrooms configuration, while lot size varies in size ranging from 744 sq. ft to 3,479 sq. ft.

  • Single-family homes available for rental in the Tri Cities area often have a monthly rate of $700 to $2610, depending on location and property type.

  • Apartments in Tri Cities have a wide range of different rental prices. The rental rate in Colonial Heights typically ranges between $750 to $1,961, while the rental rate in Hopewell can be anywhere from $750 to $2600, and the rental rate in Petersburg often ranges from $645 to $2,295.

  • Homes in the Tri Cities of Richmond come in various architectural styles, ranging from Contemporary design to Colonial, Georgian, Federal, Queen Anne, and Folk Victorian architecture.

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Market Overview

Tricities Property Management Real Estate Information

Median Listing Price

$179,000

Median Price Per Sq Ft

$125

Average Days on Market

61

Median Price of Sold Homes

$154,000

Home Ownership Percentage

36.1%

Median Rent

$1,216

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Tricities Property Management Rentals

There are no publicly available listings at the moment. Contact us about available properties in this area.

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On the map

Tricities Property Management Map

The Tri Cities area is found in the eastern region of Virginia, just south of the state capital of Richmond. Locals and visitors to any of the Tri Cities can utilize Interstate 95 to visit one area to another.

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I’m a lifelong resident of Chesterfield, Virginia, working in the Virginia real estate market since 2005. I am dedicated to offering the resources and services that landlords and investors need for their rental properties. If you have any questions about our property management services in the area, please don’t hesitate to contact me today.

Meet the locals

Who Lives in Tricities Property Management

Population

75,109

Median Age

38.3

Median Household Income

$58,584

Households

29,687

Household size

2.35

Cost of living

82.2

Entertainment

Things to do in Tricities Property Management

Saucy’s Sit-Down Bar BQ

A charming diner serving ribs, chicken, and other barbecue fares. Picnic tables are also available outdoors.

The Croaker’s Spot

A quaint American Seafood restaurant with takeout and reservations services. Other amenities include television, highchairs, alcoholic beverages, and live music.

Petersburg Legend Historical Park

A 330-acre park perfect for a variety of outdoor pursuits, including baseball, biking trails, picnicking, grilling, playgrounds, and more.

Jefferson Street Park

Jefferson Street Park is a vest pocket park, which means that residents of the surrounding area can walk to the playground site, picnic shelters, and other features of the park.