Prime Fan District investment opportunity at 2607 W Grace St—a classic 1910 brick quadplex featuring four (4) one-bedroom apartments in one of Richmond’s most in-demand, walkable locations. With 2,694 sq ft across two stories, plus a partial basement, this property offers a strong footprint for a buy-and-hold strategy with long-term upside. The brick exterior, charming front porch, and off-street parking for two cars add durable appeal and rarity for the neighborhood. Tenants will love being steps from the Fan’s best restaurants, museums, shopping, and nightlife, supporting consistent rental demand. A location-driven asset in a proven submarket—ideal for investors seeking stable cash flow potential and appreciation in the heart of Richmond.
Listing Courtesy of CENTRAL VIRGINIA REGIONAL MULTIPLE LISTING SERVICE / ERA Woody Hogg & Assoc. / Bryan Boykin
$618,000 (USD)
Richmond Area Multi-Family Home
Active
2603 W Grace Street Richmond, VA 23220
Bed
0 Baths
1518 sqft
MLS# 2601767
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 2 half bathrooms, offering the potential for conversion into a third apartment or another business, maximizing your rental income. With a convenient rear parking lot accommodating 6 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 CENTRAL VIRGINIA REGIONAL MULTIPLE LISTING SERVICE / ERA Woody Hogg & Assoc. / Bryan Boykin