3230 Grace St Richmond, VA 23221-1349
Property Lookup
Property profile & analytics
3230 Grace St Richmond, VA 23221-1349
- Apartment buildings
- 3,300 SF
- 0.14 lot acres
Property ID
US87-0763218
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 3230 Grace St
- Year built
- 1950
- Construction
- BRICK
- Lot size
- 0.14 lot acres
- Property size
- 3,300 SF
- Zone code
- R-6 SINGLE FAMILY ATTACHE
- Property type
- Apartment buildings
- APN
- W-000-1480-035
- APU
- W0001480035
Description
This exceptional six-unit apartment building, located at 3230 W Grace St in Richmond, VA, presents a compelling value-add investment opportunity. Built in 1950, this two-story building sits on a 0.142-acre lot (APN: W0001480035) and boasts 3,300 square feet. Currently operating at 100% occupancy, the property features six well-appointed one-bedroom/one-bathroom apartments, each equipped with modern mini-split AC systems and convenient on-site laundry facilities. Residents enjoy ample on-street parking and dedicated off-street parking spaces. The property's strategic location at the corner of West Grace and Tilden Streets offers easy access to the vibrant Scott's Addition neighborhood, known for its diverse culinary scene, and is within walking distance of two world-class museums. The GRTC Pulse bus rapid transit system is also conveniently located nearby. The R-6 zoning provides flexibility for future development. This property's strong history of high occupancy and low tenant turnover, coupled with the high demand for apartments in this desirable area, makes it a stable and lucrative investment with significant potential for appreciation. The asking price is $1,195,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.4765
- Latitude
- 37.5653
- CBSA code
- 40060
- CBSA name
- RICHMOND, VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$20
$235,000
$539,000
$774,000
-
$235,000
$539,000
$774,000
