For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Investment Property Title is generated by Realmo AI

    2603 W Grace Street, Richmond, VA 23220

    View on Map
    Claim this Listing
    For Sale
    $618,000

    MULTI_FAMILY - Richmond, VA

    Property size:
    1,518 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $407/SF
    Added:
    Jan 19, 2026
    Days on Market:
    142
    Last Refresh:
    Jun 10 at 2:06 pm

    Property Features for 2603 W Grace Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street, Alley
    Patio and Porch features
    Porch
    Interior features
    BedroomOnMainLevel
    Exterior features
    Awnings, Lighting, Storage, Shed
    Appliances
    GasWaterHeater
    Standard status
    Active
    APN
    W000-1169-012
    Size
    1,518 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    0033.83X0145.00 0000.000
    Tax Annual Amount
    6168

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1958
    Floors in Building
    1
    Number of units
    3
    Building materials
    Brick, Drywall, Frame, Plaster
    Roof type
    Metal, Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Bryan Boykin

    Listing agent Bryan Boykin License #0225099053

    Listing office ERA Woody Hogg & Assoc 9137 Chamberlayne Road, Mechanicsville, VA

    Listing date Jan 19, 2026

    MLS# 2601767 Listing URL

    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

    • Mixed‑use property in the Fan, zoned R‑48, near the intersection of Boulevard and Broad St
    • Two efficiency apartments, each approx. 380 SF, currently renting for $1,050/month and $1,100/month
    • Former dentist office/business space approx. 760 SF with six rooms and 2 half bathrooms
    • Rear parking lot with off‑street/alley access for 6 vehicles
    • Public utilities: public water and public sewer
    • Built in 1958; brick construction with shingle and metal roofing; gas water heater

    Overview

    This mixed-use building offers two efficiency apartments and an on-site business office space, creating multiple income streams in one compact property. The residential component includes two cozy efficiency units, each approximately 380 square feet, currently generating monthly rental income of $1,050 and $1,100. A separate business office space, formerly a dentist office, totals approximately 760 square feet and is laid out with six rooms and 2 half bathrooms. The office space presents options for an owner-operator, including the potential to convert the space into a third apartment or reconfigure it for another business use.

    Located in the Fan area of Richmond, the property is described as being near the bustling intersection of Boulevard and Broad St. For day-to-day access, a rear parking lot accommodates up to 6 vehicles, supporting convenient arrivals for tenants and clients. Zoned R-48, the property is offered with the practical mix of residential and commercial space intended to appeal to investors looking for flexible usage.

    The configuration is well-suited for investors seeking steady residential income alongside a usable commercial or office component. It may also attract buyers considering a phased approach to increasing income by adapting the existing office layout for additional residential space, subject to applicable requirements. Please note that 24-hour notice is required to show the property.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Richmond
    County
    Richmond City
    State
    Virginia
    Longitude
    -77.468244
    Latitude
    37.55972

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with two efficiency apartments and a business office, plus rear parking for tenant and client convenience.
    Where is this mixed-use property located?
    The property is located at 2603 W Grace Street Richmond, VA.
    What is the asking price?
    The asking price for this property is $618,000.
    What are key features of this property?
    This property features: Mixed‑use property in the Fan, zoned R‑48, near the intersection of Boulevard and Broad St; Two efficiency apartments, each approx. 380 SF, currently renting for $1,050/month and $1,100/month; Former dentist office/business space approx. 760 SF with six rooms and 2 half bathrooms
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message