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Renovated Duplex with Two Units
For Sale
$1,025,000
Pending

5508 Grove Ave, Richmond, VA 23226

Richmond, VA

Property SizeContact for details
Lot Size0.15 Acres
Days on Market120

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 Pending
Lot size 0.15 Acres

Amenities

wood-burning fireplace
crown molding
hardwood floors
granite and quartz counters
walk-in closet
stack washer/dryer
side porch
fenced back yard
patio
gas cooking
refrigerator
dishwasher
beverage refrigerator
California closets
side balcony
new rear patio
privacy fencing
new landscaping
new custom storm doors
new irrigation system
insulated replacement windows
separate utility metering
off-street parking
new brick walkways
dehumidifier
designer lighting
plantation shutters
newer HVAC
hot water heaters

Building Details

Year built 1938
Listing Agency: Grove
Listed By: Eliza Branch
Added: Jun 19 Changed: Aug 28 Last Checked: Oct 16 at 8:06PM
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.

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Investment Insights

Based on property information with market context.

This 1938 brick-and-slate duplex contains two renovated residences with independent entrances and utilities. The first-floor unit offers 2 bedrooms, 2.5 baths, an open living and kitchen area, wood-burning fireplace, hardwood floors, walk-in closet, in-unit laundry, side porch, and access to the fenced rear yard and patio. The second-floor residence includes 2 bedrooms, 1.5 baths, an open living and kitchen layout, wood-burning fireplace, eat-in kitchen, in-unit laundry, and a side balcony overlooking Seneca Road. Both units feature updated kitchens and baths, built-in Murphy beds, California closets, newer HVAC, and refreshed interiors.

Property improvements include insulated replacement windows, plantation shutters, designer lighting, refinished hardwood floors, new front and storm doors, brick walkways, landscaping, irrigation, privacy fencing, and off-street parking. The property occupies 0.1461 acres at 5508 Grove Ave in Richmond, VA 23226, near the Libbie/Grove shops and restaurants.

Key Highlights

  • Two‑unit duplex built in 1938 on 0.1461 acres
  • First‑floor unit: 2 bedrooms and 2.5 baths
  • Second‑floor unit: 2 bedrooms and 1.5 baths

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage HVAC Service 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

2
Residential units

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Two separately metered residences offer flexible owner-occupant or rental use.
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 $1,025,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1938 on 0.1461 acres; First‑floor unit: 2 bedrooms and 2.5 baths; Second‑floor unit: 2 bedrooms and 1.5 baths
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