# 1209 Wallace Street, Richmond, VA 23220

> **TL;DR:** multi-family, $755,000 ($302/sqft), built 1920, 2,496 sqft. Est. $4,038/mo. Listed 40 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $755,000 |
| Price/sqft | $302 |
| Square Feet | 2,496 |
| Year Built | 1920 |
| Lot Size | 6,251 sqft (0.14 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Quadruplex) |
| Status | Active |
| Days on Market | 40 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $3,818 |
| Estimated Insurance | $220 |
| **Total** | **$4,038** |

## Nearby Schools

- **Elementary:** Fox
- **Middle:** Dogwood
- **High:** Thomas Jefferson

## Property Highlights

- Built in 1920
- 0.14 acre lot
- 2 stories

## Description

### Agent Description
**Fantastic VCU-Area Investment Opportunity - $20,000 Below Appraised Value!** Solid brick, fully leased quad offering an excellent opportunity for investors seeking a property with existing income and additional upside. Current leases are in place, allowing for immediate rental income, while minor cosmetic enhancements could help maximize the property's future appeal and rental potential. *(See AI-generated images for examples of possible improvements.)* The property features a **large, fully fenced backyard** offering multiple possibilities, including additional off-street parking or the creation of an inviting outdoor space for future tenants. Its solid brick construction, **separately metered utilities, and individual mini-split systems for each unit** add to the property's functionality and investment appeal. The downstairs units feature updated flooring and kitchens, while the upstairs units offer private decks-perfect for enjoying a morning coffee or relaxing outdoors. Approximately **$78,000 in improvements** have been completed in recent years, including a roof that is less than five years old, updated kitchens, mini-split heating and cooling systems, downstairs flooring, and interior painting. With its **close proximity to VCU, existing leases, substantial recent improvements, and potential for additional value through cosmetic updates and outdoor enhancements**, this property is an opportunity worth exploring.

## Location

- **Address:** 1209 Wallace Street, Richmond, VA 23220
- **County:** Richmond City
- **Neighborhood:** Randolph West
- **Coordinates:** 37.541218, -77.45837
- **Google Maps:** https://www.google.com/maps?q=37.541218,-77.45837

## Listing Agent

- **Name:** Chris Render · **License:** 0225221112
- **Brokerage:** Midlothian Partners LLC dba Keller Williams Midlothian
- **Broker Phone:** (804) 858-8999
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1209-Wallace-St_Richmond_VA_23220_M58859-72231?f=listhub&s=CVRMLS&m=2625836&c=propsimple)

## Photos

![1209 Wallace Street - Photo 1](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3459552048r.jpg)

![1209 Wallace Street - Photo 2](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f624945886r.jpg)

![1209 Wallace Street - Photo 3](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f1688409130r.jpg)

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![1209 Wallace Street - Photo 5](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3832591940r.jpg)

![1209 Wallace Street - Photo 6](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f928761472r.jpg)

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![1209 Wallace Street - Photo 9](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f2557505747r.jpg)

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![1209 Wallace Street - Photo 32](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f4828233r.jpg)

![1209 Wallace Street - Photo 33](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f69340194r.jpg)

![1209 Wallace Street - Photo 34](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f2118609080r.jpg)

![1209 Wallace Street - Photo 35](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f4017620067r.jpg)

![1209 Wallace Street - Photo 36](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f320876936r.jpg)

![1209 Wallace Street - Photo 37](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3383060048r.jpg)

![1209 Wallace Street - Photo 38](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3935115565r.jpg)

![1209 Wallace Street - Photo 39](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3952884095r.jpg)

![1209 Wallace Street - Photo 40](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3075622468r.jpg)

![1209 Wallace Street - Photo 41](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3911446431r.jpg)

![1209 Wallace Street - Photo 42](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f566227366r.jpg)

![1209 Wallace Street - Photo 43](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3811208203r.jpg)

![1209 Wallace Street - Photo 44](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f943454752r.jpg)

![1209 Wallace Street - Photo 45](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f1769911915r.jpg)

![1209 Wallace Street - Photo 46](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3472509123r.jpg)

![1209 Wallace Street - Photo 47](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f2176779263r.jpg)

![1209 Wallace Street - Photo 48](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f4144495884r.jpg)

![1209 Wallace Street - Photo 49](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f1546366191r.jpg)

![1209 Wallace Street - Photo 50](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3309837107r.jpg)

![1209 Wallace Street - Photo 51](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f1032645665r.jpg)

![1209 Wallace Street - Photo 52](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f3571482285r.jpg)

![1209 Wallace Street - Photo 53](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f950214610r.jpg)

![1209 Wallace Street - Photo 54](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f960411840r.jpg)

![1209 Wallace Street - Photo 55](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f390144248r.jpg)

![1209 Wallace Street - Photo 56](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f4233003975r.jpg)

![1209 Wallace Street - Photo 57](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f2864215864r.jpg)

![1209 Wallace Street - Photo 58](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f2175456560r.jpg)

![1209 Wallace Street - Photo 59](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f945763916r.jpg)

![1209 Wallace Street - Photo 60](http://lh.rdcpix.com/7daa773bd859dff7e4bffe7f11b8fae9l-f597837993r.jpg)

---

**MLS#:** 2625836 | **Updated:** 2026-10-20
**Source:** listhub

*Copyright © 2026 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.*

[View on PropertySimple](https://staging.propertysimple.ai/listing/1209-wallace-street-richmond-va-23220-cde568c8072c461eafd7abd8193b2fb6)

---

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