1209 Wallace Street, Richmond, VA 23220
- $671,000
- 2,496
- SqFt
- Sold Price
- $671,000
- List Price
- $300,000
- Days on Market
- 22
- Closing Date
- Dec 29, 2025
- MLS#
- CVR-2530376
- Status
- CLOSED
- Type
- Multifamily
- Style
- Two Story
- Year Built
- 1920
- County
- Richmond City
- Region
- 10 - Richmond
- Neighborhood
- Wallace Manor
- Subdivision
- Wallace Manor
Property Description
Fantastic Investment Opportunity Walkable to VCU! Don’t miss this renovated 2,496± SF quadplex in the sought-after Wallace Manor neighborhood—just steps from VCU and minutes to Maymont Park, Hollywood Cemetery, and Richmond’s best dining, shopping, and entertainment. This property features four 1-bedroom, 1-bathroom units, each offering updates completed in 2025 totaling over $78,000 in renovations with a roof approximately 5 years old. This property presents an incredible opportunity for investors or owner-occupants seeking supplemental rental income. With two units on a month-to-month lease & two units vacant, enjoy strong rental potential in one of Richmond’s most desirable locations. NOTE: This property is subject to Auction, the list price is not the selling price, but the opening bid at the auction. The seller reserves the right to accept an offer prior to the auction.
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Additional Information
- Acres
- 0.14
- Living Area
- 2,496
- Elementary School
- Fox
- Middle School
- Dogwood
- High School
- Thomas Jefferson
- Roof
- Metal
- Appliances
- Gas Water Heater
- Taxes
- $6,384
Mortgage Calculator
Listing courtesy of Motleys Real Estate. Contact:
Selling Office: KW Metro Center.
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 .