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2603 W Grace Street

Richmond, VA 23220

– beds
– baths
1,518 sqft
4,905 sqft lot
$395 per sqft
1958 build
– on site

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.

Listing courtesy of CVRMLS / ERA Woody Hogg & Assoc

Last checked: Checking… • Last updated Nov 21, 2024 •

MLS# 2428193 —

The Building

Year Built:

1958
Year Built Details:

Approximate
Construction Materials:

Brick,Drywall,Frame,Plaster
Architectural Style:

Other
Roof:

Metal,Shingle
Exterior Features:

Awnings,Lighting,Storage,Shed
Patio And Porch Features:

FrontPorch
Basement:

false
Levels:

One
Stories Total:

1
Stories:

1

Interior

Interior Features:

BedroomOnMainLevel

Room Dimensions

Living Area:

1518.0

The Property

Parcel Number:

W000-1169-012
Property Type:

ResidentialIncome
Property Subtype:

Triplex
Property Subtype Additional:

Triplex
Lot Size Acres:

0.1126
Lot Size Area:

0.1126
Lot Size Units:

Acres
Zoning Description:

R-48
Fencing:

None
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

6168.0
Tax Assessed Value:

514000
Tax Legal Description:

0033.83X0145.00 0000.000

Utilities

Sewer:

PublicSewer
Water Source:

Public

Appliances

Appliances:

GasWaterHeater

Schools

Elementary School:

Fox
Middle Or Junior School:

Dogwood
High School:

Thomas Jefferson

The Community

Subdivision Name:

None

Parking

Garage:

false
Parking Features:

AlleyAccess,OffStreet

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Max Internet Speed

Xfinity

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
11/21/24 Nov 21, 2024	Listed / Active	CVRMLS	$600,000

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This multifamily located in Near West, Richmond, VA 23220 is currently for sale for $600,000. 2603 W Grace Street is a 1,518 square foot multifamily with – beds and – baths that has been on Estately for 0 days. 2603 W Grace Street is in the Near West neighborhood of Richmond and has a WalkScore® of 90, making it a walker’s paradise. This multifamily is in the attendance area of William Fox Elementary School, Binford Middle School, Thomas Jefferson High School, and Open High School.

Listing Courtesy of: CVRMLS and ERA Woody Hogg & Assoc.

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted complication of Listings. All CVRMLS information is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are ©2024 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.