2517 Grove Avenue

Richmond VA 23220

6087 sq. ft.

0.16 ac.

Duplex

Last sold for $999,000

Newton Carroll, last sold this property on 18 August 2026 after 77 days on market.

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

Estimated Value

Based on this property and similar duplexes sold in Richmond over the last 12 months, the estimated median property value of 2517 Grove Avenue is $707.5k.

Median value

$707.5k

Estimated value range

$350k - $2.1m

Median days on market

Estimated value trend

-1%

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 2517 Grove Avenue

2026

Sold

$999,000

18 Aug 2026 by Newton Carroll, of Joyner Fine Properties

Happy sellers in Richmond

We have insufficient information to provide an overview of customer satisfaction for Richmond. Viewing the agent profiles, reviews and sales for Richmond can provide insights for this location.