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1209 Wallace Street, Richmond, VA 23220 (MLS # 2530376)
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Fantastic Investment Opportunity Walkable to VCU! Don't miss this renovated 2,496± SF quadplex in the sought-after Wallace Manor neighborhood"”just steps from VCU and minutes to Maymont Park, Hollywood Cemetery, and Richmond's best dining, shopping, and entertainment. This property features four 1-bedroom, 1-bathroom units, each offering updates completed in 2025 totaling over $78,000 in renovations. This property presents an incredible opportunity for investors or owner-occupants seeking supplemental rental income. With two units on a month-to-month lease & two units vacant, enjoy strong rental potential in one of Richmond's most desirable locations. NOTE: This property is subject to Auction, the list price is not the selling price, but the opening bid at the auction. The seller reserves the right to accept an offer prior to the auction.
Property Type(s):
Multi Family
| Last Updated | 10/30/2025 | Tract | Wallace Manor |
|---|---|---|---|
| Year Built | 1920 | Community | 10 - Richmond |
| County | Richmond City |
SCHOOLS
| Elementary School | Fox |
|---|---|
| Jr. High School | Dogwood |
| High School | Thomas Jefferson |
Additional Details
| APPLIANCES | Gas Water Heater |
|---|---|
| AREA | 10 - Richmond |
| CONSTRUCTION | Brick, Plaster, Wood Siding |
| LOT | 6251 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Two Story |
| SUBDIVISION | Wallace Manor |
| TAXES | 6384 |
| WATER | Public |
| ZONING | R-6 |
Location
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Listed with Motleys Real Estate
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 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
Last Updated: 11/1/25 6:59 PM PDT
This IDX solution is (c) Diverse Solutions 2025.
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