Five-Unit Apartment Building with
For Sale
$975,000
1524 Grove Avenue, Richmond, VA 23220
CommercialSale, Richmond, VA
Property SizeContact for details
Days on Market33
Property Features for 1524 Grove Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
2
Subdivision
10 - Richmond
Standard status
Active
APN
W000-0610-029
Taxes and HOA fees
Tax Description
0023.83X0125.00 0000.000
Legal Description
0023.83X0125.00 0000.000
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Other (Heating)
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1910
Floors in Building
1
Roof type
Rubber
Listing Agency:
Keller Williams Realty
(804) 282-5901
Listed By:
Michael Ryan · License #0225045605
(804) 873-9333
Added: Aug 14
Changed: Sep 14
Last Checked: Sep 15 at 2:06AM
MLS# 2622401
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.
Investment Insights
Based on property information with market context.
This five-unit apartment building, constructed in 1910, includes a two-car garage and updated unit interiors. The property is fully occupied, with a history of few vacancies. Building systems include hot-water heating, window-unit cooling, a rubber roof, public water, and public sewer service.
The property backs directly to Lombardy Market and is within walking distance of Virginia Commonwealth University and Richmond’s Historic Fan District. Its location places the building near established neighborhood retail and a walkable urban district.
The property backs directly to Lombardy Market and is within walking distance of Virginia Commonwealth University and Richmond’s Historic Fan District. Its location places the building near established neighborhood retail and a walkable urban district.
Key Highlights
- Five‑unit apartment building with a two‑car garage
- 100% occupied with few vacancies over the years
- Units have been updated
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,097
Businesses Nearby
Explore this area
Business Placement
Demographics for 23220, VA
36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments are fully occupied with public water and sewer service.
Where is this apartment building located?
The property is located at 1524 Grove Avenue Richmond, VA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Five‑unit apartment building with a two‑car garage; 100% occupied with few vacancies over the years; Units have been updated
