#2516501, George Cumming, Listing office: Long & Foster REALTORS
#2428193·
Listing office: ERA Woody Hogg & Assoc·
Listing agent: Bryan Boykin·
Listing office phone: 804-559-4644
$585,000 List price
2603 W Grace St Richmond, VA 23220
1,518 sqft
0.1 acres
$385 / sqft
Multi-Family
Property details
About 2603 W Grace St
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 a half bathroom, offers the potential for conversion into a third apartment, maximizing your rental income. With a convenient rear parking lot accommodating 4-5 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.
Highlights
Home typeTriplex
StatusActive
Size1,518 sqft
Lot size0.1126 Acres
Year built1958
ParkingAlley Access, Off Street
MLS #2428193
Summary
- Appliances: Gas Water Heater
- Basement: No
- Interior: Bedroom on Main Level
- Parking: Alley Access, Off Street
- Exterior: Awning(s), Lighting, Storage, Shed
- Architectural Style: Other
- List Price: $585,000
- Price/SqFt: $385
- Annual Tax Amount: $20
- Tax Year: 2024
- Year Built: 1958
- Stories: 1
- Living Area: 1,518 SqFt
- Lot Size: 0.1126 Acres
- MLS Number: 2428193
- MLS Name: CVR
- Office Name: ERA Woody Hogg & Assoc
- Office Phone: (804) 559-4644
- Office Email: whogg@erawoodyhogg.com
- Listing Agent: Bryan Boykin
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: 7/14/2025, 8:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $514,000 | $20 |
| 2023 | $457,000 | $5,448 |
| 2022 | $457,000 | $5,448 |
| 2021 | $454,000 | $5,448 |
| 2020 | $454,000 | $2,724 |
| 2019 | $407,000 | $4,500 |
| 2018 | $375,000 | $4,500 |
History based on county public records data.
Nearby schools
5
William Fox Elementary School
Public District KG-5
0.4 mi
•2300 Hanover Ave
4
John B. Cary Elementary School
Public District KG-5
1.1 mi
•3021 Maplewood Ave
1
George W. Carver Elementary School
Public District KG-5
1.1 mi
•1110 W Leigh St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,423. Residents of Richmond, VA typically earn less than $<35k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
46%
<35k
41%
35k-100k
8%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
84%
Single, No Kids
2%
Single, with Kids
10%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
4%
<11 yrs old
1%
12-17 yrs old
58%
18-34 yrs old
28%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Yoga/pilates
Major League Soccer (MLS)
NBA/WNBA
Where do the neighbors shop?
H&M
Banana Republic
Express/Express For Men
Where do the neighbors go to eat?
Dominos Pizza
Sonic
Starbucks
What do the neighbors drive?
Audi
Infiniti
Pontiac
What do the neighbors listen to?
Alternative
Urban Contemporary
Talk/Personality
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2603 W Grace St
The listing price of 2603 W Grace St property is $585,000.
The property 2603 W Grace St is a multi located in Richmond, Virginia, 23220.
Active Listing: 2603 W Grace St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2603 W Grace St are: William Fox Elementary School (GreatSchools Rating 5/10), John B. Cary Elementary School (GreatSchools Rating 4/10), George W. Carver Elementary School (GreatSchools Rating 1/10), Albert Hill Middle School (GreatSchools Rating 2/10), Binford Middle School (GreatSchools Rating 1/10), Thomas H. Henderson Middle School (GreatSchools Rating 1/10), Thomas Jefferson High School (GreatSchools Rating 5/10), Richmond Alternative (GreatSchools Rating 1/10), Open High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $20 (source: MLS/based on county public records data).
The property 2603 W Grace St is 1,518 SqFt (source: MLS/tax record).
The year of construction for 2603 W Grace St is 1958.
This home is located at 2603 W Grace St in Richmond, VA and zip code 23220 in the The Fan neighborhood. This 1,518 square foot home, which was built in 1958, sits on a 0.11 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since October 26, 2024 and is currently priced at $585,000.
Richmond, VA housing market in June 2025 saw over 210 listings sold above listed price, more than 99 sold at listed price and over 112 sold below. The number of listings in Richmond, VA increased by 0.6% between May and June 2025. Listings spent 18 days on the market in June 2025, and had a median list price of $373,965 during the same period.
From Rocket Homes Real Estate and based on county public records data.