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.
For sale
$585,000
2603 W Grace St, Richmond, VA 23220
2beds
3baths
1,518sqft
Est.:
Triplex, Multi Family, Multi Family
Built in 1958
-- sqft lot
$-- Zestimate®
$385/sqft
$-- HOA
What's special
Versatile business office spaceCozy efficiency apartmentsRear parking lot
- 213 days
- on Zillow |
- 849 |
- 25 |
Zillow last checked: 7 hours ago
Listing updated: April 16, 2025 at 09:51am
Listed by:
Bryan Boykin 804-467-8637,
ERA Woody Hogg & Assoc,
Woody Hogg 804-357-0969,
ERA Woody Hogg & Assoc
Source: CVRMLS,MLS#: 2428193
Originating MLS: Central Virginia Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
Appliances
- Included: Gas Water Heater
Features
- Bedroom on Main Level
- Has basement: No
- Attic: Access Only
Interior area
- Total interior livable area: 1,518 sqft
Property
Parking
- Parking features: Alley Access, Off Street
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Awning(s), Lighting, Storage, Shed
- Fencing: None
Lot
- Size: 4,904.86 Square Feet
Details
- Parcel number: W0001169012
- Zoning description: R-48
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Triplex, Multi Family, Multi Family
Materials
- Brick, Drywall, Frame, Plaster
- Roof: Metal,Shingle
Condition
- Year built: 1958
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $385/sqft
- Tax assessed value: $514,000
- Annual tax amount: $6,168
- Date on market: 1/10/2025
- Ownership: Individuals
- Ownership type: Sole Proprietor
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