1012 Park Avenue, Richmond, VA 23220

Local realty services provided by:Better Homes and Gardens Real Estate Native American Group
1012 Park Avenue,Richmond, VA 23220
$1,600,000
  • - Beds
  • - Baths
  • 5,283 sq. ft.
  • Multi-family
  • Active
Listed by:teresa mueller
Office:the mueller group llc.
MLS#:2525663
Source:RV

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$302.86

About this home

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the

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Home facts

  • Year built:1910
  • Listing ID #:2525663
  • Added:47 day(s) ago
  • Updated:November 02, 2025 at 03:31 PM

Rooms and interior

  • Living area:5,283 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1910
  • Building area:5,283 sq. ft.
  • Lot area:0.06 Acres

Schools

  • High school:Thomas Jefferson
  • Middle school:Dogwood
  • Elementary school:Fox

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$302.86
  • Tax amount:$13,164 (2025)
MLS LogoThe information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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