2125 Grove Avenue, Richmond, VA 23220
MULTI_FAMILY - Colonial - Richmond, VA
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 5:06 pm
Property Features for 2125 Grove Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Interior features
- HighCeilings
- Fencing
- Fenced
- Appliances
- ElectricWaterHeater, GasWaterHeater
- Standard status
- Active
- APN
- W000-0946-001
- Size
- 4,804 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0043.58X0117.00 0000.000
- Tax Annual Amount
- 8280
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Brick, Drywall
- Roof type
- Slate
- Architectural style
- Colonial
Listing agent Whit Brooks License #0225205504 (804) 387-1654
Listing office Town & Country Sales and Mgmt 9021 Forest Hill Ave., Ste 2A, Richmond, VA (804) 282-1515
Listing date Jun 8, 2026
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.
HighLights
- Colonial‑style home built in 1910 with slate roof and high ceilings
- Public water and public sewer service
- Partially renovated in 2022 with new flat roof, slate repair, brick pointing, fresh paint, and new windows
- Appliances replaced in 2022–2023, including electric and gas water heaters
- Includes basement and fenced rear courtyard
Overview
The home is located in Richmond, Virginia, on Grove Avenue in the 23220 area of Richmond City. Lot size is listed at 0.1171 acres, with the building totaling 4,804 square feet. Appliances were replaced during the 2022–2023 timeframe.
For tenants and buyers seeking a well-maintained income property with meaningful recent improvements, the combination of new windows, roof and slate repairs, and updated appliances can reduce near-term replacement concerns. The interior design elements, including hardwood floors and high ceilings, support a tenant experience that feels more like a classic home than a basic rental unit. The fenced rear courtyard also offers practical space for residents while maintaining privacy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.8k | $20.16 |
| − Vacancy | −$6.3k | −$1.31 |
| EGI | $90.6k | $18.85 |
| − OpEx | −$27.2k | −$5.65 |
| NOI | $63.4k | $13.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.467061
- Latitude
- 37.552043
