5,703 SqFt
5,703 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 5,703 sqft
Price per Sqft $175
MLS Listing ID 2615451
Style Colonial,Two Story
Construction Status Actual
HOA Y/N No
Year Built 1908
Annual Tax Amount $9,456
Tax Year 2025
Lot Size 4,443 Sqft
Acres 0.102
Lot Dimensions 31.75X140
Property Sub-Type Duplex
Property Description
Own a fully rented, cash-flowing duplex on the top block of the historic West Grace Street Historic District — one of the Fan's most walkable locations. This 1908 two-family gem is 100% leased, generating approximately $58,000 in gross annual income — with tenants paying ALL utilities. That's stabilized income from day one, with none of the utility-management headaches.
Here's what makes this Richmond investment stand out: two HUGE and spacious 4-bedroom, 2-bath apartments spread across roughly 5,000 square feet on a 4,445-square-foot lot, plus the rare bonus of off-street parking in a neighborhood where parking is at a premium. Each unit offers generous formal and informal living space, separate dining areas, in-unit laundry, private balcony access, and extra storage — the kind of layout tenants want and renew for.
Fresh upgrades are already done: interior and exterior paint, updated lighting, professional landscaping, pressure washing, and detailed cleaning. Move-in ready income, no deferred maintenance to inherit.
Location seals the deal — a 97/100 Walk Score puts you steps from VCU, downtown Richmond, museums, and the Fan's best restaurants and shops - right aroudn the corner from Whole Foods - all within a protected historic district. Properties like this, fully leased with strong numbers, off-street parking, and historic pedigree, don't sit on the market long.
Scale, stabilized income, off-street parking, and historic character on Richmond's most in-demand block — schedule your showing today before this one is gone.
Location
State VA
County Richmond City
Area 10 - Richmond
Direction W. Grace between Meadow and Shields
Interior
Interior Features Bay Window, Granite Counters
Exterior
Garage Spaces 3.0
View Y/N Yes
View City
Roof Type Metal,Other,Rubber
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Colonial, Two Story
Level or Stories Two
Structure Type Brick,Drywall,Mixed,Plaster
Construction Status Actual
Schools
Elementary Schools Fox
Middle Schools Dogwood
High Schools Thomas Jefferson
Others
Tax ID W000-0911-047
Ownership Individuals
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