$899,950

1714 Hanover Ave Richmond, VA 23220

$10,000
Closing credit¹
3,454 sqft
0.08 acres
$261 / sqft
Multi-Family

Property details

About 1714 Hanover Ave

A prime location in the heart of The Fan and an incredible investment opportunity is waiting at 1714 Hanover Ave! This all brick multi-family home offers lots of old world charm that’s true to the neighborhood. The first floor unit is fully occupied at $2,700/month and boasts 3-4 bedrooms (one area is a flex space, but works as a bedroom) and 1 bath, original pine floors, exposed brick, tall ceilings and multiple decorative fireplaces. Each bedroom is nicely sized with hardwood floors and a ceiling fan/light combo. It’s equipped with mini-split units that were installed in 2022. The large kitchen and dining areas are combined in the rear and this setup creates an abundance of natural light. There’s access to the backyard that sports a newer deck and brick pavers. Upstairs you’ll find another fully occupied unit that rents for $2,700/month. It’s a 3 bedroom with a huge open living room at the top of the steps featuring two stately brick fireplaces, tall ceilings and recessed lighting. Each bedroom offers hardwood floors, ceiling fan/light fixture and ample closet space. You’ll find mini splits throughout that were installed in 2023. And there’s a balcony off the kitchen that overlooks the backyard! Both units are equipped with washer/dryer units and each has access to the partial basements for additional storage. The Fan is known for its walkability, its restaurants, and its shops… you’ll always have your pick of people who want to call 1714 Hanover Ave home!

Highlights

Home typeDuplex
StatusActive
Size3,454 sqft
BasementYes
Lot size0.078 Acres
Year built1912
ParkingOn Street
MLS #2506945

Summary

  • Appliances: Gas Water Heater, Water Heater
  • Basement: Yes
  • Interior: Beamed Ceilings, Bookcases, Built-in Features, Bedroom on Main Level, Ceiling Fan(s), Eat-in Kitchen, Fireplace, High Ceilings, Laminate Counters, Cable TV
  • Parking: On Street
  • Architectural Style: Two Story
  • List Price: $899,950
  • Price/SqFt: $260
  • Annual Tax Amount: $8,796
  • Tax Year: 2024
  • Lot: Level
  • Directions: From N Meadow St, Left on Hanover Ave. Property is on the Left.
  • Year Built: 1912
  • Stories: 2
  • Living Area: 3,454 SqFt
  • Lot Size: 0.078 Acres
  • MLS Number: 2506945
  • MLS Name: CVR
  • Office Name: Hometown Realty
  • Office Phone: (804) 249-2792
  • Office Email: licensing@htrsi.com
  • Listing Agent: Matt Jarreau

IDX 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. 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. 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
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 7:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property featuring mansard roof

$899,950

1714 Hanover Ave

$10,000

closing credit¹

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0.5% sale price²

Price information

Property sales

DateEventPrice
Dec 28, 2023
Home Sold
$845,000
Apr 11, 2022
Home Sold
$715,000
Aug 05, 2019
Home Sold
$605,000
Aug 27, 2012
Home Sold
$400,000

Tax history

YearAssessmentProperty Tax
2024$733,000$8,796
2023$723,000$6,744
2022$633,000$6,744
2021$590,000$6,744
2020$562,000$6,744
2019$540,000$6,480
2018$510,000$6,120

History based on county public records data.

Nearby schools

5

William Fox Elementary School

Public District KG-5

0.4 mi

2300 Hanover Ave

1

George W. Carver Elementary School

Public District KG-5

0.7 mi

1110 W Leigh St

4

John B. Cary Elementary School

Public District KG-5

1.2 mi

3021 Maplewood Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $34,200. Residents of Richmond, VA typically earn less than $<35k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

50%
<35k
34%
35k-100k
7%
100k-200k
9%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

79%
Single, No Kids
2%
Single, with Kids
14%
Married, No Kids
5%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

3%
<11 yrs old
2%
12-17 yrs old
65%
18-34 yrs old
23%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Yoga/pilatesYoga/pilates
  • Symphony or OperaSymphony or Opera
  • Major League Soccer (MLS)Major League Soccer (MLS)

Where do the neighbors shop?

  • H&MH&M
  • Chico'sChico's
  • Banana RepublicBanana Republic

Where do the neighbors go to eat?

  • Dominos PizzaDominos Pizza
  • Boston MarketBoston Market
  • SonicSonic

What do the neighbors drive?

  • AudiAudi
  • VolvoVolvo
  • InfinitiInfiniti

What do the neighbors listen to?

  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
  • Urban ContemporaryUrban Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 1714 Hanover Ave in Richmond, VA and zip code 23220 in the The Fan neighborhood. This 3,454 square foot home, which was built in 1912, sits on a 0.08 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since March 26, 2025 and is currently priced at $899,950.

While more than 179 listings in Richmond, VA in April 2025 were sold above asking price, there were more than 71 listings sold at asking price, and more than 105 were sold below. Between March and April 2025, Richmond, VA real estate market has seen increase in the number of listings by 20.4%. In April 2025 median list price was $372,487 and the average listing age was 18 days.

From Rocket Homes Real Estate and based on county public records data.

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