$1,500,000
SOLD OCT 30, 2025

1010 Park Ave Richmond, VA 23220

The Fan Neighborhood
-- Bed
-- Bath
4,878 Sq Ft
2,701 Sq Ft Lot

Recently Sold

$308 Per Sq Ft

15 Days on Market

Highlights

  • Deck
  • High Ceiling
  • Leaded Glass Windows
  • Open High School Rated A+
  • Granite Countertops
  • 4-minute walk to Lombardy & Park Avenue Triangle

About This Home

As of October 2025

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.

Last Agent to Sell the Property

Teresa Mueller

The Mueller Group LLC License #0225209384 Listed on: 09/11/2025

The Mueller Group LLC

Last Buyer's Agent

Beth Johnston

Real Broker LLC License #0225240530

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,280

Year Built

  • Built in 1910

Lot Details

  • 2,701 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Level Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Metal Roof

Interior Spaces

  • 4,878 Sq Ft Home
  • 3-Story Property
  • Wired For Data
  • High Ceiling
  • Recessed Lighting
  • Leaded Glass Windows
  • Basement Fills Entire Space Under The House
  • Fire Sprinkler System
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Kitchen Island
  • Granite Countertops

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Fox Elementary School
  • Dogwood Middle School
  • Thomas Jefferson High School

Utilities

  • Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • 4 Units
  • Gross Income $114,960

Listing and Financial Details

  • Assessor Parcel Number W000-0462-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,280

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1910
  • Lot Size Acres: 0.062
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Tri-Level
  • Garage Yn: No
  • Unit Levels: Three Or More, Multi/Split
  • Building Stories: 3
  • Year Built Details: Actual
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement: Full
  • Appliances: Electric Water Heater
  • Basement YN: Yes
  • Below Grade Sq Ft: 757.0
  • Interior Amenities: Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Recessed Lighting, Cable TV, Wired for Data
  • Living Area: 4878.0
  • Stories: 3
  • Window Features: Leaded Glass

Exterior Features

  • Roof: Metal
  • Fencing: Fenced, Privacy
  • Lot Features: Level
  • Waterfront: No
  • Construction Type: Brick, Drywall
  • Patio And Porch Features: Deck, Front Porch

Garage/Parking

  • Parking Features: Assigned, Off Street

Utilities

  • Sewer: Public Sewer
  • Water Heater: Electric
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Security: Fire Sprinkler System

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0462-016
  • Zoning Description: R-6

Multi Family

  • Gross Income: 114960.0
  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 12280.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/30/2025 10/30/25 Sold $1,500,000 0.0% $308 / Sq Ft
09/26/2025 09/26/25 Pending -- -- --
09/11/2025 09/11/25 For Sale $1,500,000 -- $308 / Sq Ft
Source: Central Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Teresa Mueller

    Seller's Agent in 2025

    Teresa Mueller

    The Mueller Group LLC

    (202) 306-2674

    1 in this area

    78 Total Sales

    Teresa Mueller
    Section Image
  • Beth Johnston

    Buyer's Agent in 2025

    Beth Johnston

    Real Broker LLC

    (804) 357-9472

    3 in this area

    113 Total Sales

    Beth Johnston
    Section Image
See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 2525664

Central Virginia Regional MLS

APN: W-000-0462-016

Virginia Richmond City County Richmond 23220 The Fan

1010 Park Ave, Richmond, VA

Sold

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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