1012 Park Avenue, Richmond, VA 23220

Local realty services provided by:Napier Realtors ERA
1012 Park Avenue,Richmond, VA 23220
$1,600,000
  • - Beds
  • - Baths
  • 5,283 sq. ft.
  • Multi-family
  • Active
Listed by: teresa mueller
Office: the mueller group llc.
MLS#:2525663
Source:RV

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$302.86

About this home

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

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Home facts

  • Year built:1910
  • Listing ID #:2525663
  • Added:60 day(s) ago
  • Updated:November 15, 2025 at 04:58 PM

Rooms and interior

  • Living area:5,283 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1910
  • Building area:5,283 sq. ft.
  • Lot area:0.06 Acres

Schools

  • High school:Thomas Jefferson
  • Middle school:Dogwood
  • Elementary school:Fox

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$302.86
  • Tax amount:$13,164 (2025)
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