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Listed price in listed location currency (USD).
$755,000

000

MLS® 2625836

Overview

Key Facts

Type Quadruplex
Levels Residential Income
Size 2496 sqft
Garage 
Taxes $6,384
Days Active 3
Lot Size 0.1435 Acres
Approx. Age 1920
Avg. Price Per Sqft $302
MLS® Number 2625836

Property Address: 1209 Wallace St, Richmond, VA, 23220-6153

Average square foot calculated using Size range provided by listing agent.

Description

**Fantastic VCU-Area Investment Opportunity — $20, 000 Below Appraised Value!** Solid brick, fully leased quad offering an excellent opportunity for investors seeking a property with existing income and additional upside. Current leases are in place, allowing for immediate rental income, while minor cosmetic enhancements could help maximize the property’s future appeal and rental potential. *(See AI-generated images for examples of possible improvements.)* The property features a **large, fully fenced backyard** offering multiple possibilities, including additional off-street parking or the creation of an inviting outdoor space for future tenants. Its solid brick construction, **separately metered utilities, and individual mini-split systems for each unit** add to the property's functionality and investment appeal. The downstairs units feature updated flooring and kitchens, while the upstairs units offer private decks—perfect for enjoying a morning coffee or relaxing outdoors. Approximately **$78, 000 in improvements** have been completed in recent years, including a roof that is less than five years old, updated kitchens, mini-split heating and cooling systems, downstairs flooring, and interior painting. With its **close proximity to VCU, existing leases, substantial recent improvements, and potential for additional value through cosmetic updates and outdoor enhancements**, this property is an opportunity worth exploring.
MLS® Number2625836
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementCrawl Space
DrivewayOn Street
Garage Spaces
Heat
A/C

Extras

Price History

Last Sold Price

$671,000$671K

Appreciation

--

Avg. Days Listed

46 days

Today, For Sale for $755,000

Enhanced with AI to show potential
For Sale · 3 days

$755,000

MLS® 2625836

3 days ago

Not Sold Yet

September 2026, For Sale for $755,000

Enhanced with AI to show potential
For Sale · 3 days

$755,000

MLS® 2625836

3 days ago

Not Sold Yet

July 2026, For Sale for $765,000

For Sale · 70 days

$765,000

MLS® 2619201

2 months ago

Not Sold Yet

November 2025, Sold for $671,000

Sold · 21 days

$671,000$300,000

MLS® 2530376

10 months ago

Sold on Nov 21, 2025

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