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5508 Grove Avenue, Richmond, VA 23226 (MLS # 2616583)
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5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January. Unit 1# (first floor): 2 bedrooms, 2.5 baths, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month. Unit #2: (second floor) 2 bedrooms, 1.5 baths, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace). Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator. 2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month. Overall property enhancements include:new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!
Property Type(s):
Multi Family
| Last Updated | 6/19/2026 | Tract | Glenburnie |
|---|---|---|---|
| Year Built | 1938 | Community | 20 - Richmond |
| County | Richmond City |
SCHOOLS
| Elementary School | Munford |
|---|---|
| Jr. High School | Albert Hill |
| High School | Thomas Jefferson |
Additional Details
| AREA | 20 - Richmond |
|---|---|
| BASEMENT | Unfinished, Yes |
| CONSTRUCTION | Brick |
| EXTERIOR | Balcony |
| FIREPLACE | Yes |
| INTERIOR | Eat-in Kitchen, Granite Counters, Master Downstairs, Walk-In Closet(s) |
| LOT | 6364 sq ft |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Colonial, Two Story |
| SUBDIVISION | Glenburnie |
| TAXES | 9264 |
| WATER | Public |
| ZONING | R-4 |
Location
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Listed with Long & Foster REALTORS
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.
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: 6/20/26 3:51 PM PDT
This IDX solution is (c) Diverse Solutions 2026.
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