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Back 1012 Park Avenue
Off Market

1012 Park Avenue

Richmond VA 23220

5283 sq. ft.
0.06 ac.
Duplex
Last sold for $1,500,000
Teresa MuellerTeresa Mueller, last sold this property on 22 December 2025 after 97 days on market.

Overview

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.

Features

5283 sq. ft. floor area
0.06 ac. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Richmond over the last 12 months, the estimated median property value of 1012 Park Avenue is $691k.

Median value
$691k
Estimated value range
$305k - $2.1m
Median days on market
22
Estimated value trend
-11%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Richmond. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1012 Park Avenue

2025
Sold
$1,500,000
22 Dec 2025 by Teresa Mueller, of The Mueller Group LLC

Happy sellers in Richmond

<50%
Less than 50% of sellers in Richmond reported that their sale price either exceeded or met their price expectations.

Richmond stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Richmond over the last 12 months.

Local market activity for duplexes in Richmond

In the last 12 months, 44 duplexes similar to 1012 Park Avenue, have been sold.

This represents a 66% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Richmond

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Steve Johnson

Steve Johnson is a recommended agent for Richmond.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (7 reviews)
  •  1 Review in Richmond
  •  1 Sale in Richmond
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Neil Hodge

Neil Hodge is a recommended agent for Richmond.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (11 reviews)
  •  1 Review in Richmond
  •  1 Sale in Richmond
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Kris Spencer

Sellers who recommend Kris Spencer have praised them for being local expert and clear communication

  •   5   (10 reviews)
  •  1 Review in Richmond
  •  1 Sale in Richmond
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WALKER FONVILLE

WALKER FONVILLE is a recommended agent for Richmond.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Richmond
  •  1 Sale in Richmond
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