Active

1623 W Grace St

Richmond VA, 23220

$635,000


$242.18 per sqft

Active

2,622 sqft

Multi-family

Built in 1910

Renovated 1910's Victorian triplex in the heart of Richmond's iconic Fan District. Just blocks from the VCU campus, this triplex has maintained a strong history of 100% occupancy and offer value add opportunities through cosmetic upgrades. The property features two 1 bedroom and one 2 bedroom floor plans. These three apartments offer the charm and character of a historic home including beautiful hardwood floors and decorative fireplaces. Amenities include central air, washer/dryer and off street parking. Additionally, the units are individually metered for electricity.

Recent improvements include: Two new HVAC units (Unit A & C, 2024), new ventilation pipe for boiler/water heater, new exterior paint, new bathroom flooring (Unit C, 2024), Rebuilt Back Deck (2016). 1623 W Grace Street is a strong multi-family opportunity in
Richmond's most premier neighborhood. This property is ideal for an investor looking to expand their portfolio or anyone looking to enter the multi-family market with true presence.

2504204

MLS ID

February 20, 2025

Listed

February 21, 2025

Updated

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.07 Acres


Architectural Style

Two Story


Roof

Built-Up


Sewer

Public Sewer

School Information

High School

Thomas Jefferson


Elementary School

Fox

Other Property Details

Area Name

10 - Richmond


Taxes

$6,732


Tax Frequency

Annually


Days on Market

2


Garage

No


View

No


County

Richmond City


Water Source

Public


Pool

No

Listed by One South Commercial LLC, Isaac Weintz, (804) 404-3161 

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Date last updated: 2/21/2025

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