Three-Unit Residential Income
For Sale
Contact for pricing
Pending
1302 Grove Avenue, Richmond, VA 23220
Three units in a three-story building built in 1910, offering one 2BR/1BA, one 3BR/2BA, and one 4BR/2BA unit.
Property Size4,000 SF
Lot Size0.05 Acres
Days on Market113
Property Features for 1302 Grove Avenue
General Information
Standard status
Pending
Size
4,000 SF
Lot size
0.05 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Stories
3
Listing Agency:
Marcus & Millichap - Hampton Roads
(919) 710-6400
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: Apr 10
Changed: Jul 20
Last Checked: Jul 30 at 11:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Hampton Roads
Investment Insights
Based on property information with market context.
This three-unit residential income property consists of one three-story building constructed in 1910. The offering includes one 800-square-foot two-bedroom, one-bath unit, one 1,200-square-foot three-bedroom, two-bath unit, and one 2,000-square-foot four-bedroom, two-bath unit. Interior features include hardwood flooring, ceiling fans, dishwashers, stainless steel appliances, a built-in microwave, and tile flooring in the kitchen.
Located in Richmond’s Fan neighborhood, the property is described as being within walking distance to restaurants, shops, and nightlife. The remarks also note convenient access to Downtown Richmond and Virginia Commonwealth University.
With three residential units in place, this building is positioned to support market-rate tenancy under the current configuration described in the offering materials.
Located in Richmond’s Fan neighborhood, the property is described as being within walking distance to restaurants, shops, and nightlife. The remarks also note convenient access to Downtown Richmond and Virginia Commonwealth University.
With three residential units in place, this building is positioned to support market-rate tenancy under the current configuration described in the offering materials.
Key Highlights
- Three‑unit, three‑story building built in 1910 on 0.05 acres in Richmond’s Fan neighborhood
- Unit mix: one 2BR/1BA (800 SF), one 3BR/2BA (1,200 SF), and one 4BR/2BA (2,000 SF)
- Hardwood flooring and ceiling fans throughout the units
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,036
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three units in a three-story building built in 1910, offering one 2BR/1BA, one 3BR/2BA, and one 4BR/2BA unit.
Where is this triplex located?
The property is located at 1302 Grove Avenue Richmond, VA.
What are key features of this property?
This property features: Three‑unit, three‑story building built in 1910 on 0.05 acres in Richmond’s Fan neighborhood; Unit mix: one 2BR/1BA (800 SF), one 3BR/2BA (1,200 SF), and one 4BR/2BA (2,000 SF); Hardwood flooring and ceiling fans throughout the units
