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Six-Unit Apartment Building
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3230 West Grace Street, Richmond, VA 23221

Historic District property with hardwood flooring, onsite laundry, and off-street parking.

Property SizeContact for details
Days on Market145

Property Features for 3230 West Grace Street

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: One South Commercial
Listed By: Ryan Rilee · License #VA 0225187102
Source: Crexi
Added: Apr 10 Changed: Aug 30 Last Checked: Aug 30 at 1:57PM

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 One South Commercial

Investment Insights

Based on property information with market context.

Located at 3230 West Grace Street in Richmond’s Historic Museum District, this apartment property contains six one-bedroom residences. The units feature generous window areas and hardwood flooring, with coin-operated laundry available onsite and six off-street parking spaces.

Capital improvements completed within the last five years include a coated modified roof, two-zone mini-split systems, and bathroom refurbishments in several apartments. The property has maintained 100% occupancy and sits within walking distance of Scott’s Addition.

Key Highlights

  • Six one‑bedroom apartments
  • 100% occupancy maintained
  • Six off‑street parking spaces and onsite coin‑operated laundry

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Catering Service Mobile Phone Store Locksmith Fish Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,034
Businesses Nearby

Demographics for 23221, VA

14,841
Population
7,776
Households
1.9
Avg Household Size
35
Median Age
76%
College-Educated
98%
High-School Grad
3.3 sq mi
ZIP Area
4,497
Density / Sq Mi
$97,006
Median Household Income
$61,616
Median Earnings
$1,480
Median Rent
$544,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Historic District property with hardwood flooring, onsite laundry, and off-street parking.
Where is this apartment building located?
The property is located at 3230 West Grace Street Richmond, VA.
What are key features of this property?
This property features: Six one‑bedroom apartments; 100% occupancy maintained; Six off‑street parking spaces and onsite coin‑operated laundry
(804) 690-1482 Call to check price and availability
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