About This Home

This 0-bedroom, 0-bathroom multi-family at 2603 W Grace Street in Richmond, VA is listed for $599,950 ($395 per sqft). Built in 1958, the home offers 1,518 sqft of living space on a 0.11 acres lot.

Key Features

  • Built in 1958
  • 0.11 acre lot

Property Details

1 story
1958
Listing 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.

Monthly Cost Estimate

$3,209/mo

20% down · 6.5% · 30 years

Principal$434
Interest$2,600
Insurance$175

Estimates only. Actual payments may vary.

Location

2603 W Grace Street

Richmond, VA 23220

Features & Amenities

Interior Features

BedroomOnMainLevel

Exterior Features

AwningsLightingStorageShed

Property Details

Construction

Brick Drywall Frame Plaster

Outdoor Features

Porch

Parking

AlleyOff Street

Appliances

GasWaterHeater

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 2603 W Grace Street is listed at $599,950 ($395/sqft). The estimated monthly payment is $3,209 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1958, 0.11 acre lot. Interior Features: BedroomOnMainLevel. Exterior Features: Awnings, Lighting, Storage.

This property is listed by Bryan Boykin.

BB

Bryan Boykin

License 0225099053

Agent at ERA Woody Hogg and Asociates

Listed by ERA Woody Hogg and Asociates · Broker phone: (804) 559-4644 · View on Broker Site · Broker website

MLS# 2601767· Source: Central Virginia Regional Multiple Listing Service· 281 days on PropertySimple

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.

2603 W Grace Street, Richmond, VA 23220

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