1524 Grove Avenue Richmond, VA $ 975,000
1524 Grove Avenue
$ 975,000
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1524 Grove Avenue

Richmond, VA, 23220
$ 975,000
Bedrooms-- Baths-- Sq 3,779

Monthly Estimate*

$ 6,734

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Commercial Property for sale in Richmond, VA

for $975,000. This 3,779 square foot building was built in 1910.

Welcome to a Fantastic Fan investment opportunity! This five-unit building, complete with a 2-car garage, backs directly up to Lombardy Market (home to some of the BEST deviled eggs you’ll find anywhere!) and puts you within walking distance of VCU and everything the Historic Fan District has to offer. 100% occupied and consistently in demand, this property has experienced few, if any, vacancies over the years. The units have been thoughtfully updated, making this an attractive, turn-key investment in one of Richmond’s most desirable and walkable neighborhoods. Forget Bitcoin—this is an investment you can see, touch and feel. And every time you drive by, you’re going to smile and say, “YES!” Opportunities like this don’t come along often. Five units. Two-car garage. Prime Fan location. Strong rental history. What’s not to love?

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Commercial Active

Price

$ 975,000

Property Type

Commercial

Taxes

$ 0

Style

Year Built

1910

Town/City

Richmond

County/Region

Richmond City

MLS | Web ID

2622401

Features
General
Sewer Public Sewer
Heating Hot Water Radiator(s)
Cooling Window Unit(s)
Possession Close Of Escrow
Roof Other Rubber
Year Built 1910
Stories 1
Levels One
Property SubType Townhouse
Percent Ownership Investment
County Richmond City
Property Type Commercial Sale
Building Features No Elevators
Total Rooms 11
Full Baths 0
Status Active
MLS Area 10 - Richmond
Lot Size Units Acres
Year Built Details Approximate
Property Condition Good Condition
Lease Considered Y/N false
Days on Market 6
Structure Type Townhouse
Standard Status Active
Tax Assessed Value 0
Property Sub Type Additional Townhouse
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Interior
Total Stories 1
Basement (Y/N) false
Heating Y/N true
Half Baths 0
Total Baths 0
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Exterior
Fencing None
Water Source Public
Total Parking 2
Lot Size Area 0
Building Area Total 3779
Lot Size Acres 0
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* Excluded Features
List By
Michael Ryan

Listing Agent

Keller Williams Realty

Broker

mkryanjr@yahoo.com

Email

Affordability Calculator

$6,734
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,734
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/17/2026$975,000 Listed Price

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1524 Grove Avenue, Richmond, VA, 23220 is a Commercial Property for sale at $975,000 with 3,779 sqft. 1524 Grove Avenue was built in 1910. The property's zip code is 23220 which is in Richmond, VA