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$1,600,000
47 Days On Site

1012 Park Avenue
Richmond, VA 23220

For Sale|Quadruplex|Active
0
Beds
0
Total Baths
5,283
SqFt
$303
/SqFt
1910
Built
Subdivision:
None
County:
Richmond City
Listing courtesy of The Mueller Group LLC 2023062674
Call Now: 804-302-3000
Is this the listing for you? We can help make it yours.
804-302-3000
1012 Park Avenue1012 Park Avenue
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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 11 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 $9,835 and has been owned for 19 years with 100% occupancy. With 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 conveniently located steps from all of the amenities the FAN has to offer.

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Listing Snapshot
Price 
$1,600,000
Days On Site 
47 Days
Bedrooms 
N/A
Inside Area (SqFt) 
5,283 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.061 Acres
Year Built 
1910
MLS® Number 
2525663
Status 
Active
Property Tax 
$13,164
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing first seen on site
2 months agoListing updated with changes from the MLS®
General Features
Acres 
0.061
Levels 
Three Or MoreMulti/Split
Number Of Stories 
4
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
SqFt Below 
757
Style 
Tri Level
Utilities 
Cable Available
Water Source 
Public
Zoning 
R-6
Interior Features
Appliances 
Electric Water HeaterWasher/Dryer Stacked
Basement 
FullFinished
Cooling 
Ceiling Fan(s)
Interior 
Ceiling Fan(s)Double VanityEat-in KitchenHigh CeilingsHigh Speed InternetKitchen IslandRecessed LightingTile CountersWired for Data
Laundry Features 
Washer Hookup
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Exterior Features
Construction Details 
Brick
Fencing 
None
Patio And Porch 
Front PorchPorch
Roof 
Metal
Community Features
MLS Area 
10 - Richmond
Schools
School District
Unknown
Elementary School
Fox
Middle School
Dogwood
High School
Thomas Jefferson
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All IDX information is provided exclusively 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. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.



Last checked 2025-11-02 04:07 AM UTC.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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