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3230 W Grace St 6 Unit Apartment Building $1,500,614 CAD ($250,102 CAD/Unit) Richmond, VA 23221

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INVESTMENT HIGHLIGHTS

  • Museum District
  • Off street parking
  • Mini split
  • Walk to Scott's Addition
  • Fully leased

EXECUTIVE SUMMARY

Nestled in the heart of Richmond’s prestigious Museum District, 3230 W Grace Street offers an exceptional living experience.
This charming property features six well-appointed 1-bedroom/1-bathroom apartments, each equipped with modern mini-split AC systems and the convenience of onsite laundry facilities. Strategically located at the corner of West Grace and Tilden, residents benefit from ample on-street parking as well as several dedicated off-street parking spaces. The property’s prime location ensures high accessibility to the vibrant Scott’s Addition, known for its plethora of restaurants and cafés, creating a lively and convenient lifestyle.
Cultural enthusiasts will appreciate the proximity to two world-class museums, while commuters will find the GRTC Pulse just a few blocks away, providing seamless connectivity throughout the city. With a strong history of high occupancy and low tenant turnover, this property represents a stable and lucrative investment opportunity. The demand for such desirable apartments significantly exceeds supply, promising continuous appreciation in value. As the neighborhood continues to flourish, investing in 3230 W Grace Street guarantees a resilient and rewarding asset.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,500,614 CAD
Price Per Unit $250,102 CAD
Sale Type Investment
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.14 AC
Building Size 3,300 SF
Average Occupancy 100%
No. Stories 2
Year Built/Renovated 1950/1990
Zoning R-6

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 6 - -
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (76)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
W000-1480-035
Land Assessment
$331,230 CAD
Improvements Assessment
$811,866 CAD
Total Assessment
$1,143,096 CAD
  • Listing ID: 38106423

  • Date on Market: 2025-10-16

  • Last Updated:

  • Address: 3230 W Grace St, Richmond, VA 23221

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