4506 Forest Hill Avenue, Richmond, VA 23225

$450,000
2,145
SqFt

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Sold Price
$450,000
List Price
$450,000
Days on Market
1
Closing Date
May 30, 2025
MLS#
CVR-2512699
Status
CLOSED
Type
Multifamily
Style
Colonial, Two Story
Year Built
1929
County
Richmond City
Region
60 - Richmond
Neighborhood
Forest Hill Park Terrace
Subdivision
Forest Hill Park Terrace

Property Description

AMAZING OPPORTUNITY FOR INVESTOR OR OWNER/OCCUPANT! Overlooking historic, tree-lined Forest Hill AVE, this 2-story duplex is located in one of the most vibrant areas of RVA. Property currently features 2 separate units (both vacant): 1st floor 2 BR/1.5 bath and 2nd floor 2 BR/1 bath. Each has its own gas and electric meter and share a water meter (owner paid monthly bill). Each unit also features a private, screened porch. A shared, fenced backyard and large shed add inviting outdoor space and storage for residents. Off street parking off alley. This property offers immediate income potential for an investor or an owner occupant who wants to live in one unit while earning rental income from the other and a rejuvenation could transfer this "grand dame" into a lucrative investment or a charming and spacious single-family home! Unfinished 960 s/f basement and 480 s/f walk up attic offer room for expansion. Contact the City of Richmond for tax abatement and ADU possibilities. Offering a lifestyle of convenience, walk or bike to nearby amenities like Westover Hills Library or Forest Hill Park/Farmer's Market. Savor some of the best local food and beverage options at Little Nickel, The Veil Brewing Company, Blanchard Coffee, and Charm School ice cream. Whether you are looking for a place to call home in a desirable location or seeking an investment opportunity with promising rental potential, 4506 Forest Hill AVE delivers on all fronts. Schedule a showing today and envision the endless possibilities that await!

Additional Information

Acres
0.23
Living Area
2,145
Exterior Features
Storage, Shed
Elementary School
Westover Hills
Middle School
River City
High School
Huguenot
Roof
Slate
Appliances
Gas Water Heater
Basement
Full, Interior Entry, Unfinished
Taxes
$5,580

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Shaheen Ruth Martin & Fonville. Contact: info@srmfre.com

Selling Office: Black Line Properties.

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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. Real estate properties marked with the Central Virginia MLS (CVRMLS) icon are provided courtesy of the CVRMLS IDX database. The information being provided is for a consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. IDX information updated .