$7,422 Closing Credit¹
#2422645, Jennifer Gurley, Listing Office: Shaheen Ruth Martin & Fonville
#2428193·
Listing Office: ERA Woody Hogg & Assoc·
Listing Agent: Bryan Boykin·
Listing Office Phone: 804-559-4644
$7,125
closing credit¹
2603 W Grace St Richmond, VA 23220
$600,000 List price
$7,125
Closing credit¹
1,518 sqft
0.1 acres
$395 / 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
- 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: 2/7/2025, 1:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$600,000
2603 W Grace St
$7,125
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
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. The majority of Richmond, VA residents have income less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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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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 $600,000.
In January 2025, from all listings sold in Richmond, VA there were more than 70 sold above asking price, over 96 sold below and more than 52 were sold right at the asked price. Between December and January 2025, Richmond, VA real estate market has seen decrease in the number of listings by 0.2%. While the average time on the market in January 2025 was 29 days, the median list price was $364,929.
From Rocket Homes Real Estate and based on county public records data.