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529 Mosby Street, Richmond, VA 23223

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For Sale

$240,000

2 beds • 1 baths • 1 half baths • 1,261 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $190.33
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Great chance to buy and renovate this home in an incredible location!! Opportunity awaits with a multitude of by-right development options in this desirable city neighborhood! No SUP's needed here-these parcels are already zoned R-63, giving investors, builders, and developers tremendous flexibility. Located only one block from beautiful Jefferson Park and just a short walk to Union Hill's favorite restaurants and cafes (Pizza Bones, Fat Rabbit Bakery, Alamo BBQ, The Roosevelt, and more), this property is surrounded by established community charm and steady growth. Together, 529 & 531 Mosby offer 72 feet of street frontage and over 10,000 square feet of parcel space, allowing between 1-10 residential or mixed-use units by right. Build single-family homes, condos, or apartments-whether your strategy is to build to sell or build to rent, the options are endless. Zoning confirmation letters and surveys are already in hand, streamlining your planning process. For those seeking a less dense approach, the vacant lot (24'x159') can accommodate a new construction dwelling, while the existing structure on the adjacent lot (48'x159') is primed for a major renovation or a large addition. Restoring and expanding the current building could yield a high-value resale or long-term rental. These unusually deep city lots also provide room for off-street parking and generous outdoor space, features that are increasingly rare and highly desirable in this market. Whether your vision is small-scale-rehabbing and selling the existing house with its oversized lot-or larger scale-redeveloping the combined parcels into multiple new homes-this property delivers on both flexibility and potential. Opportunities like this, with zoning already in place and development pathways clearly defined, are exceptionally rare. Don't miss your chance to invest in a fast-growing neighborhood and bring your project to life in one of the city's most dynamic locations!!
MLS# 2523283

Courtesy Of Hometown Realty Services

(804) 335-1414

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Lot Size
    0.14 Acres

Map and Directions

Directions to 529 Mosby Street, Richmond, VA 23223

Home seller CENTURY 21 Realty @ Home

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Realty @ Home

(434) 395-1225
Learn More About Us

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Copyright © 2025 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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