2517 Grove Avenue, Richmond, VA 23220
Local realty services provided by:ICON Realty Group ERA Powered
2517 Grove Avenue,Richmond, VA 23220
$1,150,000
- - Beds
- - Baths
- 6,087 sq. ft.
- Multi-family
- Pending
Listed by: newton carroll
Office: joyner fine properties
MLS#:2613836
Source:RV
Price summary
- Price:$1,150,000
- Price per sq. ft.:$188.93
About this home
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....
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Home facts
- Year built:1910
- Listing ID #:2613836
- Added:43 day(s) ago
- Updated:July 05, 2026 at 08:11 AM
Rooms and interior
- Basement:Yes
- Basement Description:Full
- Living area:6,087 sq. ft.
Structure and exterior
- Roof:Rubber, Shingle, Slate
- Year built:1910
- Building area:6,087 sq. ft.
- Lot area:0.16 Acres
- Architectural Style:Two Story
- Construction Materials:Brick, Drywall, Frame
- Exterior Features:Front Porch, Side 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:$1,150,000
- Price per sq. ft.:$188.93
- Tax amount:$10,860 (2025)
Features and amenities
- Appliances:Electric Water Heater
Parking
- Parking description:Detached, Garage, Off Street
- Garage:Yes
- Garage spaces:4
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