1012 Park Avenue, Richmond, VA 23220
- $1,500,000
- 5,283
- SqFt
- Sold Price
- $1,500,000
- List Price
- $1,600,000
- Days on Market
- 64
- Closing Date
- Dec 22, 2025
- MLS#
- CVR-2525663
- Status
- CLOSED
- Type
- Multifamily
- Style
- Tri-Level
- Year Built
- 1910
- County
- Richmond City
- Region
- 10 - Richmond
Property Description
AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 11 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,835 and has been owned for 19 years with 100% occupancy. With high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.
/u.realgeeks.media/markqueenerhomesales/Recently_Saved_-_1_of_1_(1).jpeg)
Additional Information
- Acres
- 0.06
- Living Area
- 5,283
- Elementary School
- Fox
- Middle School
- Dogwood
- High School
- Thomas Jefferson
- Roof
- Metal
- Appliances
- Electric Water Heater
- Basement
- Full, Finished
- Taxes
- $13,164
Mortgage Calculator
Listing courtesy of The Mueller Group LLC. Contact:
Selling Office: Napier REALTORS ERA.
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 .