$300,000

1209 Wallace St, Richmond, VA 23220

  • 2,496 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon6,251sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $120/sqft
  • Property List Date Icon Listed 4 days ago

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. 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.

Listing Status:
Active
Listing Office:
Motleys Real Estate : (804) 232-3300
Listing Agent:
Carly Hancock : (804) 335-9994
MLS ID:
2530376
  • Appliances: Gas Water Heater
  • Style: Two Story
  • Parking: On Street
  • Roofing: Metal
  • General: BrickPlasterWood Siding2
  • Originating MLS: CVR
  • County: Richmond City
  • Zoning: 0050.00X0125.00 0000.000W000-0436-026
  • Fencing: Back YardFenced
  • Water: Public
  • Sewer: Public Sewer
  • Source: CVR
  • Ownership: CorporateCorporation

This listing courtesy of Carly Hancock, Motleys Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

W

William Fox Elementary School

2300 Hanover Ave, Richmond, VA, 23220

Grades KG-5

1.05 miles away

B

Binford Middle School

1701 Floyd Ave, Richmond, VA, 23220

Grades 6-8

0.57 miles away

O

Open High School

600 S Pine St, Richmond, VA, 23220

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.