2603 W Grace Street, Richmond, VA 23220

Local realty services provided by:ERA Woody Hogg & Assoc.
2603 W Grace Street,Richmond, VA 23220
$585,000
  • - Beds
  • - Baths
  • 1,518 sq. ft.
  • Multi-family
  • Active
Listed by:
MLS#:2428193
Source:RV

Price summary

  • Price:$585,000
  • Price per sq. ft.:$385.38

About this home

Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office space, formerly a dentist office, spanning around 760 sqft. This area, which consists of six rooms and a half bathroom, offers the potential for conversion into a third apartment, maximizing your rental income. With a convenient rear parking lot accommodating 4-5 vehicles, accessibility is a breeze for both tenants and clients. Don't miss out on this prime property that combines residential and commercial potential in a sought-after location! 24 hour notice required to show.

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Home facts

  • Year built:1958
  • Listing Id #:2428193
  • Added:292 day(s) ago
  • Updated:August 14, 2025 at 02:31 PM

Rooms and interior

  • Living area:1,518 sq. ft.

Structure and exterior

  • Roof:Metal, Shingle
  • Year built:1958
  • Building area:1,518 sq. ft.
  • Lot area:0.11 Acres

Schools

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

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$585,000
  • Price per sq. ft.:$385.38
  • Tax amount:$6,168 (2024)
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