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Fully Renovated Duplex
For Sale
$1,150,000

5508 Grove Ave, Richmond, VA 23226

MULTI_FAMILY - Richmond, VA

Property SizeContact for details
Lot Size0.15 Acres
Days on Market48

Property Features for 5508 Grove Ave

General Information

Property type Residential Multi Family
Property subtype Other
Subdivision Glenburnie
Elementary school Munford
Middle school Albert Hill
High school Thomas Jefferson
Standard status Active
Lot size 0.15 Acres

Amenities

wood-burning fireplace
hardwood floors
patio
fenced back yard
balcony
irrigation system
plantation shutters

Building Details

Year built 1938
Listing Agency: Grove
Listed By: Eliza Branch
Added: Jun 19 Changed: Aug 5 Last Checked: Aug 5 at 2:06PM
MLS# 2616583

Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

5508 Grove Ave is a brick and slate duplex fully renovated inside and out, offering two separate living spaces with independent utility metering. The property sits on a 0.1461-acre lot and was built in 1938.

Unit 1 (first floor) features two bedrooms and 2.5 baths, with entry facing Seneca Road. The open-concept living room and kitchen include a wood-burning fireplace, hardwood floors, and crown molding, plus a large kitchen island with counter seating and granite and quartz counters. The unit also includes renovated full baths and an added half bath, a walk-in closet, a stack washer/dryer, and a larger primary bath, along with a second bedroom with a built-in Murphy bed and attached full bath. Outside, there is a side porch with access to a fenced back yard and patio.

Unit 2 (second floor) provides two bedrooms and 1.5 baths, with entry facing Grove. It includes a wood-burning fireplace, an open living/kitchen area, and a large eat-in kitchen with center island and gas cooking, refrigerator, dishwasher, and beverage refrigerator. Both bedrooms have built-in Murphy beds, and there is a shared full bath plus a half bath. A side balcony overlooks Seneca Road. Renovation enhancements include newer HVAC, new hot water heaters, insulated replacement windows, designer lighting, plantation shutters, refinished and updated flooring, irrigation improvements, new landscaping, new front and rear doors/storm doors, and off-street parking added.

Key Highlights

  • 0.1461‑acre lot with a brick and slate duplex built in 1938
  • Separate utility metering for each unit plus newer HVAC and hot water heaters
  • Unit 1 (first floor): entry on Seneca Road, two beds, 2.5 baths, wood‑burning fireplace

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Parking Lot & Garage Auto Repair Shop Building Supply Big Box & Wholesale Store Barber Shop

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

Lease Details

Multi-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

847
Businesses Nearby

Demographics for 23226, VA

16,955
Population
7,827
Households
2.2
Avg Household Size
38
Median Age
75%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
3,028
Density / Sq Mi
$126,554
Median Household Income
$70,786
Median Earnings
$1,725
Median Rent
$496,300
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?
Duplex - Brick and slate duplex with separate utility metering, off-street parking, and renovated interiors and exteriors.
Where is this duplex located?
The property is located at 5508 Grove Ave Richmond, VA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 0.1461‑acre lot with a brick and slate duplex built in 1938; Separate utility metering for each unit plus newer HVAC and hot water heaters; Unit 1 (first floor): entry on Seneca Road, two beds, 2.5 baths, wood‑burning fireplace
More about this property
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