Targeting heterostructures with modulated electronic structures and efficient charge carrier separation and mobility is an effective strategy to improve photocatalytic performance. In this study, we report the synthesis of 2D/3D hybrid heterostructures comprising P-doped graphitic carbon nitride (g-C3N4) nanosheets (ca. 50–60 nm in lateral size) and small-sized Ni2P nanoparticles (ca. 10–12 nm in diameter) and demonstrate their prominent activity in the photocatalytic reduction of Cr(VI). Utilizing a combination of spectroscopic and electrochemical characterization techniques, we unveil the reasons behind the distinct photochemical performance of these materials. We show that Ni2P modification and P doping of the g-C3N4 effectively improve the charge-carrier transportation and spatial separation through the interface of Ni2P/P-doped g-C3N4 junctions. As a result, the catalyst containing 15 wt.% Ni2P exhibits superior photocatalytic activity in the detoxification of Cr(VI)-contaminated effluents under UV-visible light illumination, presenting an apparent quantum yield (QY) of 12.5% at 410 nm, notably without the use of sacrificial additives. This study marks a forward step in understanding and fabricating cost-effective photocatalysts for photochemical applications.