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1010 Park Avenue, Richmond, VA 23220

Local realty services provided by:CENTURY 21 Nachman Realty
1010 Park Avenue,Richmond, VA 23220
$1,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: teresa mueller
Office: the mueller group llc.
MLS#:2525664
Source:RV

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Price summary

  • Price:$1,500,000

About this home

AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 10 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,805 and has been owned for many years with 100% occupancy. With three dedicated parking spaces, high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods

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Home facts

  • Year built:1910
  • Listing ID #:2525664
  • Added:93 day(s) ago
  • Updated:December 18, 2025 at 07:48 AM

Structure and exterior

  • Roof:Metal
  • Year built:1910

Schools

  • High school:Thomas Jefferson
  • Middle school:Dogwood
  • Elementary school:Fox

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$12,280 (2025)
MLS LogoThe information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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