About This Home

This 0-bedroom, 0-bathroom commercial at 1524 Grove Avenue in Richmond, VA is listed for $949,950. Built in 1910, on a N/A lot.

Key Features

  • Built in 1910
  • 2 parking spaces

Property Details

1 story
2 spaces
1910
Listing Description

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?

Monthly Cost Estimate

$5,081/mo

20% down · 6.5% · 30 years

Principal$687
Interest$4,116
Insurance$277

Estimates only. Actual payments may vary.

Location

1524 Grove Avenue

Richmond, VA 23220

Property Details

Heating

Other (Heating)Hot Water(Heating)

Cooling

Window Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1524 Grove Avenue is listed at $949,950. The estimated monthly payment is $5,080 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 2 parking spaces.

This property is listed by Michael Ryan.

MR

Michael Ryan

License 0225045605

Agent at Richmond Equity Ventures, LLC

Listed by Richmond Equity Ventures, LLC · Broker phone: (804) 282-5901 · Broker website

MLS# 2622401· Source: Central Virginia Regional Multiple Listing Service· 77 days on PropertySimple

Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1524 Grove Avenue, Richmond, VA 23220

Open this listing in: