Seller's Agent in 2025
Teresa Mueller
The Mueller Group LLC
(202) 306-2674
2 in this area
74 Total Sales
1012 Park Ave Richmond, VA 23220
The Fan Neighborhood
--
Bed
--
Bath
5,283
Sq Ft
2,657
Sq Ft Lot
Highlights
- High Ceiling
- Front Porch
- Double Vanity
- Open High School Rated A+
- Eat-In Kitchen
- 4-minute walk to Lombardy & Park Avenue Triangle
About This Home
As of December 2025AMAZING 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 11 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 $9,835 and has been owned for 19 years with 100% occupancy. With 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
The Mueller Group LLC License #0225209384 Listed on: 09/15/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,164
Year Built
- Built in 1910
Home Design
- Quadruplex
- Brick Exterior Construction
- Fire Rated Drywall
- Metal Roof
Interior Spaces
- Double Vanity
- 5,283 Sq Ft Home
- 4-Story Property
- Wired For Data
- High Ceiling
- Ceiling Fan
- Recessed Lighting
- Finished Basement
- Basement Fills Entire Space Under The House
- Stacked Washer and Dryer
Kitchen
- Eat-In Kitchen
- Kitchen Island
- Tile Countertops
Schools
- Fox Elementary School
- Dogwood Middle School
- Thomas Jefferson High School
Utilities
- Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- Front Porch
- 2,657 Sq Ft Lot
Community Details
- 4 Units
- Gross Income $118,020
Listing and Financial Details
- Assessor Parcel Number W000-0462-017
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2025 12/22/25 | Sold | $1,500,000 | -6.3% | $284 / Sq Ft |
| 11/21/2025 11/21/25 | Pending | -- | -- | -- |
| 09/15/2025 09/15/25 | For Sale | $1,600,000 | -- | $303 / Sq Ft |
Source: Central Virginia Regional MLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,164 | $1,097,000 | $250,000 | $847,000 |
| 2024 | $12,324 | $1,027,000 | $230,000 | $797,000 |
| 2023 | $11,856 | $988,000 | $210,000 | $778,000 |
| 2022 | $10,872 | $906,000 | $155,000 | $751,000 |
| 2020 | $4,860 | $881,000 | $140,000 | $741,000 |
| 2019 | $4,596 | $859,000 | $140,000 | $719,000 |
| 2018 | $6,732 | $561,000 | $125,000 | $436,000 |
| 2017 | $4,416 | $368,000 | $125,000 | $243,000 |
| 2016 | $4,416 | $368,000 | $107,000 | $261,000 |
| 2015 | $4,164 | $357,000 | $107,000 | $250,000 |
| 2014 | $4,164 | $347,000 | $107,000 | $240,000 |
Source: Public Records
Agents Affiliated with this Home
-
Teresa Mueller
-
Dianne Long
Buyer's Agent in 2025
Dianne Long
Napier REALTORS ERA
(804) 334-3041
2 in this area
117 Total Sales
Map
Source: Central Virginia Regional MLS
MLS Number: 2525663
APN: W-000-0462-017
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.
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 ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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