Dee Anderson
EXP Realty, LLC
(804) 346-5734
79 Total Sales
1 in The Fan
$375,000 Price
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 Sydney Park
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,164
Year Built
- Built in 1910
Lot Details
- 2,657
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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2025
Closed on
Dec 4, 2025
Sold by
Bought by
Seller's Agent
Teresa Mueller
The Mueller Group LLC
Buyer's Agent
Dianne Long
Napier REALTORS ERA
List Price
$1,600,000
Sold Price
$1,500,000
Premium/Discount to List
-$100,000
-6.25%
Views
115
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Interest Rate
5.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 20, 2006
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,219
Interest Rate
6.26%
Mortgage Type
Commercial
Home Values in the Area
Average Home Value in this Area
Agents Specializing in The Fan, VA
-
Dee Anderson
-
Melissa Crim
Melissa Crim
Real Broker LLC
(804) 977-9986
76 Total Sales
1 in The Fan
$610,000 Price
-
Whit Brooks
Whit Brooks
Town & Country Sales and Mgmt
(804) 409-0707
24 Total Sales
2 in The Fan
$225K - $980K Price Range
-
Karen Loewen
Karen Loewen
Compass
(804) 409-8346
98 Total Sales
2 in The Fan
$232K - $248K Price Range
-
Riggolette Leeper
Riggolette Leeper
United Real Estate Richmond
(804) 999-4743
216 Total Sales
1 in The Fan
$499,950 Price
-
Whitney Pace
Whitney Pace
Long & Foster REALTORS
(804) 277-2446
45 Total Sales
1 in The Fan
$396,250 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,500,000 | Fidelity National Title | ||
| $465,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $930,000 | ||
| Closed | $1,125,000 | ||
| Previous Owner | $245,000 | ||
| Previous Owner | $312,219 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $13,764 | $1,147,000 | $250,000 | $897,000 |
| 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
Seller's Agent in 2025
Teresa Mueller
The Mueller Group LLC
(202) 306-2674
3 in this area
72 Total Sales
-
Dianne Long
Buyer's Agent in 2025
Dianne Long
Napier REALTORS ERA
(804) 334-3041
2 in this area
99 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.
Nearby Homes
- 1103 West Ave
- 1015 W Franklin St
- 109 N Morris St
- 1443 Floyd Ave Unit 208
- 1119 W Grace St
- 1333 W Broad St Unit 510
- 1333 W Broad St Unit U204
- 1333 W Broad St Unit 506
- 1414 W Marshall St Unit U402
- 612 W Franklin St Unit 5E
- 1202 1/2 W Clay St
- 1657 W Broad St Unit 7
- 1657 W Broad St Unit U12
- 1410 W Clay St
- 1714 W Cary St Unit 6
- 1205 W Leigh St
- 319 S Randolph St
- 323 S Randolph St
- 1906 W Main St
- 1917 Floyd Ave
Your Personal Tour Guide
Ask me questions while you tour the home.