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2517 Grove Avenue

Richmond VA 23220

4
6087 sq. ft.
0.16 ac.
Duplex
Currently for sale - view listing

Overview

Remarkable opportunity to own a fully established, turnkey, income-producing multifamily property, in the heart of Richmond's most iconic and enduring neighborhood. This building positioned on one of the most recognizable and sought-after streets in the city consists of Three large 2 lrg. bedroom 1 bath apartments and One 1 bedroom 1 bath apartment, with lofted area with lots of options. Each unit serviced with central air and heat pump systems with individual thermostat controls. The building also offer 4 off street parking spaces. All units are separately metered for electricity, owner provides water. Front porch roof replaced in March 2026. The neighborhood has a very high walkability rating with some of the best restaurants, parks, entertainment and cultural venues/events the city has to offer all with walking distance. The location also benefits from a high quality rental pool that consists of young professionals, VCU and University of Richmond Students. Whether you are an owner occupant, a seasoned investor expanding your portfolio or a first time income property buyer this property delivers character, caliber and consistent performance at a level rarely found in this market. Don't miss this opportunity to own a real gem of a property in one of Richmond's most popular and historically significant neighborhoods. Great value add opportunity with lots of room for increased rents. Offers reviewed as received.

Features

4 carspaces
4 garage spaces
6087 sq. ft. floor area
0.16 ac. lot size
Duplex

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 3 reviews in Richmond over the last 12 months.

Local market activity for duplexes in Richmond

In the last 12 months, 46 duplexes similar to 2517 Grove Avenue, have been sold.

This represents a 43% decrease in duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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