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2204 W Grace Street, Richmond, VA 23220 (MLS # 2600633)

Price $1,319,000
Status Active
Beds 0
Baths 0 Bath
Home size 3,302 sqft
Lot Size 5,075 sqft
Days on Market 58
Incredible investment opportunity in the heart of The Fan, just steps from premier shopping, dining, and everyday conveniences. This renovated quadplex boasts an exceptional rental history with strong tenants already in place, making it a true turnkey asset. Over the past several years, the property has seen extensive capital improvements, including a new roof, all four HVAC systems, updated plumbing, electrical panels and wiring, fully renovated kitchens and baths, composite decking, and more. Tenants benefit from ample off-street parking and private storage in the exceptionally clean basement. The interior common corridor offers added security and features a stylish decorative fireplace with classic tile, tenant mailboxes, and a shared washer and dryer"”an added convenience for residents. Unit 1A, located at the front, boasts LVP flooring, large windows that flood the space with natural light, and a fully updated kitchen featuring soft-close, dovetail cabinetry, granite countertops, and stainless steel appliances. The updated bath includes a tub/shower with a tiled surround. Unit 1B, situated in the rear with private access from the parking area, offers its own porch with composite decking. Inside, you'll find an updated kitchen with matching soft-close cabinetry and granite countertops, along with a renovated bath featuring a walk-in tiled shower. Unit 2A, upstairs at the front, features on-trend LVP flooring throughout, a fully updated kitchen consistent with the other units, and a renovated bath with a walk-in tiled shower. Unit 2B, upstairs, showcases original hardwood floors, updated kitchen and bath, and a private balcony off the living room"”perfect for additional outdoor living space. Each unit also features 10' ceilings! The owner covers water, sewer, and trash, while tenants are responsible for electric, cable, and internet. With its prime location, thoughtful renovations, and proven income performance, this property represents a rare opportunity in one of Richmond's most sought-after neighborhoods.
Property Type(s): Multi Family
Last Updated 1/14/2026 Tract None
Year Built 1910 Community 10 - Richmond
County Richmond City

SCHOOLS

Elementary School Fox
Jr. High School Dogwood
High School John Marshall

Additional Details

AIR Ceiling Fan(s)
AIR CONDITIONING Yes
APPLIANCES Electric Water Heater, Washer/Dryer Stacked, Water Heater
AREA 10 - Richmond
BASEMENT Partial, Storage Space, Yes
CONSTRUCTION Brick
EXTERIOR Storage
FIREPLACE Yes
INTERIOR Ceiling Fan(s), Granite Counters, High Ceilings
LOT 5075 sq ft
LOT DIMENSIONS 35X145
PARKING Off Street
SEWER Public Sewer
STORIES 2
STYLE Two Story
SUBDIVISION None
TAXES 12216
WATER Public
ZONING R-48

Location

 

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Listed with Hometown Realty

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 ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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Last Updated: 3/13/26 9:12 AM PDT

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