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1010 Park Avenue, 
Richmond, VA 23220

$1,500,000


Bed


Bath


4,878

Sq Ft


Multi-Family

Active

Listed by

Teresa Mueller

The Mueller Group LLC.

804-748-5547

Last updated:

September 16, 2025, 03:56 AM

MLS#

2525664

Source:

RV

About This Home

1010 Park Avenue

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 10 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 $9,805 and has been owned for many years with 100% occupancy. With three dedicated parking spaces, 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.

Home Facts

Multi-Family

Built in 1910

Price Summary

1,500,000

$307 per Sq. Ft.

MLS #:

2525664

Last Updated:

September 16, 2025, 03:56 AM

Added:

7 day(s) ago


Rooms & Interior

Interior

Living Area:

4,878 Sq. Ft.


Structure

Structure

Architectural Style:

Tri Level

Building Area:

4,878 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

2,700


Finances & Disclosures

Finances

Price:

$1,500,000

Price per Sq. Ft:

$307 per Sq. Ft.

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The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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