2603 West Grace Street

Richmond, VA 23220

$600,000
Price
5
Beds
2
Baths
1
1/2 Bath
1,518 Sq. Ft.
$395 / Sq. Ft.
1,518
Sq. Ft.
$395
per Sq. Ft.

Description

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...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.
  1. Listed by Bryan Boykin • ERA Woody Hogg & Assoc
    P: (804)-467-8637 C: (804)-467-8637 BryanBoykin@erawoodyhogg.com
  2. Listed by Woody Hogg • ERA Woody Hogg & Assoc
    P: (804)-357-0969 whogg@erawoodyhogg.com

Property Details for 2603 West Grace Street

Architectural Style
Other
Subdivision Name
None
Waterfront
No
LISTING UPDATED: 10/31/2024 10:26 AM

Property Details for 2603 West Grace Street

StatusActive
MLS #2428193
Days on Market23
Taxes$6,168 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Triplex
Year Built1958
Lot Size0.11 AC / 4,904 SF
CountyRichmond Independent City

Building Information for 2603 West Grace Street

Stories1Residences3Year Built1958Building Size-Lot Size0.11 AC / 4,904 SF

Property Information for 2603 West Grace Street

Summary
Location and General Information
  • City: Richmond
  • City Region: Monument Avenue
  • County Or Parish: Richmond City
  • Latitude: 37.559701
  • Longitude: -77.468272
  • Postal City: Richmond
  • Postal Code: 23220
  • Postal Code Plus4: 1965
  • State Or Province: VA
  • Unparsed Address: 2603 W Grace St
  • Zoning Description: R-48
Taxes and HOA Information
  • Parcel Number: W000-1169-012
  • Tax Annual Amount: $6,168.00
  • Tax Assessed Value: $514,000.00
  • Tax Legal Description: 0033.83X0145.00 0000.000
  • Tax Year: 2024
School Information
  • Elementary School: Fox
  • High School: Thomas Jefferson
  • Middle Or Junior School: Dogwood
Parking
  • Garage: No
  • Parking Features: Alley Access, Off Street
  • Garage Parking Features: Alley Access, Off Street
Property
Lot Information
  • Living Area: 1,518.00
  • Lot Size Acres: 0.1126
  • Lot Size Area: 0.1126
  • Lot Size Units: Acres
  • Stories: 1
  • Stories Total: 1
  • Property Sub Type Additional: Triplex
Property and Assessments
  • Number Of Units Total: 3
  • Type of Property: Residential Income
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Year Built: 1958
  • Year Built Details: Approximate
  • CLIP: 8,651,477,727
  • Development Name: Monument Avenue
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Awnings, Lighting, Storage, Shed
  • Fencing: None
  • Roof: Metal, Shingle
Interior Features
  • Appliances: Gas Water Heater
  • Basement: No
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 0
  • BathsTotal: 0.0
  • Interior Features: Bedroom On Main Level
  • Levels: One
  • Patio And Porch Features: Front Porch
Multi Family
Unit 1
  • Unit Type Description 1: Refrigerator,Water Heater,Central Air,Forced Hotair
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 3
  • Unit Type Leased 1: No
  • Unit Type Num Full Baths 1: 0
  • Unit Type Num Half Baths 1: 1
  • Unit Type Area 1: 760.0
  • Unit Type Actual Rent Range 1: Vacant
Unit 2
  • Unit Type Description 2: Refrigerator,Water Heater,Central Air,Forced Hotair
  • Unit Type Actual Rent 2: $1,100.00
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Leased 2: No
  • Unit Type Num Full Baths 2: 1
  • Unit Type Num Half Baths 2: 0
  • Unit Type Area 2: 380.0
  • Unit Type Actual Rent Range 2: 1100
Unit 3
  • Unit Type Description 3: Refrigerator,Water Heater,Central Air,Forced Hotair
  • Unit Type Actual Rent 3: $1,050.00
  • Unit Type Baths Total 3: 1
  • Unit Type Beds Total 3: 1
  • Unit Type Leased 3: No
  • Unit Type Num Full Baths 3: 1
  • Unit Type Num Half Baths 3: 0
  • Unit Type Area 3: 380.0
  • Unit Type Actual Rent Range 3: 1050
Rental
Rental Information
  • Price Per Area Unit: Dollars Per Square Foot
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 2603 West Grace Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2603 West Grace Street

Taxable ValueLand$315,000Additions$199,000Total$514,000
Tax Record2020$20 ($2 / month)
Home Facts
Total Finished SqFt1,518 SqFtAbove Grade Finished SqFt1,518 SqFtStories1Lot Size4,905 SqFtStyleMedical BuildingsYear Built1958Year Renovated1984ZoningR-48 MULTI FACountyRICHMOND CITYAPNW-000-1169-012

Schools near 2603 West Grace Street

This home is within Richmond City Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
William Fox Elementary School
PublicPK to 5

Binford Middle School
Public6 to 8

Open High School
Public9 to 12

Thomas Jefferson High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2603 West Grace Street is a multi-family home for sale in Richmond, VA 23220. This property was listed for sale on October 25, 2024 by ERA Woody Hogg & Assoc, it's currently listed at $600,000. This listing's school district is Richmond City Public Schools. Nearby schools include William Fox Elementary School, Binford Middle School and Open High School. 2603 West Grace Street is a 5-bed, 2.5-bath, 1,518 sqft multi-family home built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of ERA Woody Hogg & Assoc, Bryan Boykin; ERA Woody Hogg & Assoc, Woody Hogg

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.