9-Unit Apartment
For Sale
Contact for pricing
1301 Grove Ave, Richmond, VA 23220
Historic multifamily property with two- and three-bedroom units near Virginia Commonwealth University.
Property SizeContact for details
Days on Market146
Property Features for 1301 Grove Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
9
Building Details
Year Built
1870
Listing Agency:
Feldman Ruel
Listed By:
Christopher Chadwick · License #VA 0225206248
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 29 at 1:02PM
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 Feldman Ruel
Investment Insights
Based on property information with market context.
This 9-unit apartment property at 1301 Grove Ave was built in 1870 and includes a mix of two- and three-bedroom residences. Occupancy has remained nearly 100 percent, supported by demand for student housing associated with Virginia Commonwealth University.
The property is located in Richmond’s Fan neighborhood, a predominantly residential district characterized by late-nineteenth- and early-twentieth-century homes. Restaurants, shops, and nightlife are within walking distance. The Fan extends west from Belvidere Street near Monroe Park toward the Boulevard, with Broad Street to the north and VA-195 to the south. Monument Avenue and its collection of historic statues are also located within the district.
The property is located in Richmond’s Fan neighborhood, a predominantly residential district characterized by late-nineteenth- and early-twentieth-century homes. Restaurants, shops, and nightlife are within walking distance. The Fan extends west from Belvidere Street near Monroe Park toward the Boulevard, with Broad Street to the north and VA-195 to the south. Monument Avenue and its collection of historic statues are also located within the district.
Key Highlights
- 9‑unit apartment building at 1301 Grove Ave
- Built in 1870
- Mix of two- and three‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
9
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with two- and three-bedroom units near Virginia Commonwealth University.
Where is this apartment building located?
The property is located at 1301 Grove Ave Richmond, VA.
What are key features of this property?
This property features: 9‑unit apartment building at 1301 Grove Ave; Built in 1870; Mix of two- and three‑bedroom units
