2603 W Grace Street, Richmond, VA 23220
None · Richmond City County
Key Facts
Description
Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office space, formerly a dentist office, spanning around 760 sqft. This area, which consists of six rooms and 2 half bathrooms, offering the potential for conversion into a third apartment or another business, maximizing your rental income. With a convenient rear parking lot accommodating 6 vehicles, accessibility is a breeze for both tenants and clients. Don’t miss out on this prime property that combines residential and commercial potential in a sought-after location! 24 hour notice required to show.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Style
Other
Year Built
1958
Stories
1
Living Area
1,518 sq ft
Lot Size
0.11 acres
Ownership
Individuals
Days on Market
178
MLS® Listing#
2601767
Property Features
Interior
Exterior
Appliances
Parking
Patio
Fencing
Construction
Roof
Other Structures
Sewer
Water Source
Schools
- Elementary:
- Fox
- Middle:
- Dogwood
- High:
- Thomas Jefferson
Financial Details
Annual Taxes
$6,168
Tax year 2024
Assessed Value
$514,000
Parcel Number
W000-1169-012
Affordability Calculator
$119,990
Estimated monthly payment
$3,193/mo
Principal $479,960 · Est. interest $669,587 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Richmond, VA
- $409,524
- Median Listing Price
- 39
- Median Days on Market
- 1,621
- Median Sq Ft
- $248
- Median Price / Sq Ft
- 516
- Active Listings
- This home’s price is 46% above the area median.
- Its price per sq ft is 59% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Richmond, VA.
Location
- 2603 W Grace Street, Richmond, VA 23220
Points of Interest in Richmond, VA
Showing the Richmond area map.
Nearby Schools
William Fox Elementary School
Elementary · 0.4 mi away
Benedictine High School
Secondary · 0.5 mi away
MS. Babs' Nursery School
School · 0.5 mi away
Robert E Lee Elementary School
Elementary · 0.5 mi away
Cristo Rey Richmond High School
Secondary · 0.5 mi away
Orchard House Middle School
Elementary · 0.6 mi away
Saint Benedict Catholic School
Secondary · 0.6 mi away
Albert Hill Middle School
Secondary · 0.8 mi away
Binford Middle School
Secondary · 0.8 mi away
Governor's School Gsa Conference
School · 0.8 mi away
Maggie L. Walker Governor's School
Secondary · 0.8 mi away
Seven Hills School
School · 0.9 mi away
Coderva Regional High School
Secondary · 0.9 mi away
Charterhouse School
Elementary · 1.1 mi away
Vcu School of the Arts
School · 1.1 mi away
Rta - Richmond Hebrew Day School
Elementary · 1.1 mi away
John B. Cary Elementary School
Elementary · 1.1 mi away
George Washington Carver Elementary School
Elementary · 1.1 mi away
Vcu School of Social Work
School · 1.1 mi away
Luther Memorial School
School · 1.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 3 Nine Iron Drive, Richmond, VA | $419,990 | 3 | 2 | 1,533 |
| 1246 Parkwood Avenue, Richmond, VA | $420,000 | 3 | 2 | 1,432 |
| 2000 Tobacco Mill Street, Richmond, VA | $420,000 | 3 | 4 | 1,960 |
| 6929 Woodrow Terrace, Richmond, VA | $420,000 | 2 | 2 | 1,414 |
| 3317 Sunstone Drive, Richmond, VA | $423,090 | 4 | 3 | 1,773 |
| 610 Cheatwood Avenue, Richmond, VA | $424,900 | 4 | 4 | 1,872 |
Moving Cost Estimate
EXIT Agents in Richmond
Listing Courtesy: ERA Woody Hogg & Assoc - 8045594644
Presented by: Bryan Boykin
Last Updated: 2026-01-19