1209 Wallace Street, Richmond, VA 23220

Richmond
Local realty services provided by:ERA Real Estate Professionals
1209 Wallace Street,Richmond, VA 23220
$755,000
  • - Beds
  • - Baths
  • 2,496 sq. ft.
  • Multi-family
  • Active
Listed by: chris render, jennifer render
Office: kw metro center
MLS#:2625836
Source:RV

Price summary

  • Price:$755,000
  • Price per sq. ft.:$302.48

About this home

**Fantastic VCU-Area Investment Opportunity — $20,000 Below Appraised Value!** Solid brick, fully leased quad offering an excellent opportunity for investors seeking a property with existing income and additional upside. Current leases are in place, allowing for immediate rental income, while minor cosmetic enhancements could help maximize the property’s future appeal and rental potential. *(See AI-generated images for examples of possible improvements.)* The property features a **large, fully fenced backyard** offering multiple possibilities, including additional off-street parking or the creation of an inviting outdoor space for future tenants. Its solid brick construction, **separately metered utilities, and individual mini-split systems for each unit** add to the property's functionality and investment appeal. The downstairs units feature updated flooring and kitchens, while the upstairs units offer private decks—perfect for enjoying a morning coffee or relaxing...

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Home facts

  • Year built:1920
  • Subdivision & Development:Randolph West
  • Listing ID #:2625836
  • Added:49 day(s) ago
  • Updated:November 11, 2026 at 03:45 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Crawl Space
  • Living area:2,496 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1920
  • Building area:2,496 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Colonial, Two Story
  • Construction Materials:Brick, Drywall
  • Exterior Features:Balcony, Front Porch, Rear Porch
  • Levels:Two, Two Story

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$755,000
  • Price per sq. ft.:$302.48
  • Tax amount:$6,384 (2025)

Parking

  • Parking description:On Street
MLS LogoThe information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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