5508 Grove Avenue, Richmond, VA 23226
Local realty services provided by:Napier Realtors ERA
5508 Grove Avenue,Richmond, VA 23226
$1,195,000
- - Beds
- - Baths
- 2,292 sq. ft.
- Multi-family
- Active
Listed by: eliza branch
Office: long & foster realtors
MLS#:2616583
Source:RV
Price summary
- Price:$1,195,000
- Price per sq. ft.:$521.38
About this home
5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January.
Unit 1# (first floor): 2 bedrooms, 2.5 baths, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month.
Unit #2: (second floor) 2 bedrooms, 1.5 baths, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace).
Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator. 2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month.
Overall property enhancements include:new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!...
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Home facts
- Year built:1938
- Listing ID #:2616583
- Added:1 day(s) ago
- Updated:June 19, 2026 at 09:56 PM
Rooms and interior
- Bedroom Description:Main Level Primary
- Basement:Yes
- Basement Description:Unfinished
- Living area:2,292 sq. ft.
Structure and exterior
- Roof:Slate
- Year built:1938
- Building area:2,292 sq. ft.
- Lot area:0.15 Acres
- Architectural Style:Colonial, Two Story
- Construction Materials:Brick
- Exterior Features:Balcony, Front Porch, Side Porch, Sprinkler Irrigation
- Levels:Two, Two Story
Schools
- High school:Thomas Jefferson
- Middle school:Albert Hill
- Elementary school:Munford
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,195,000
- Price per sq. ft.:$521.38
- Tax amount:$9,264 (2025)
Features and amenities
- Amenities:Granite Counters, Walk-In Closets
Parking
- Parking description:Off Street
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