2517 Grove Ave Richmond, VA 23220

Remarkable opportunity to own a fully established, turnkey, income-producing multifamily property, in the heart of Richmond's most iconic and enduring neighborhood. This building positioned on one of the most recognizable and sought-after streets in the city consists of Three large 2 lrg. bedroom 1 bath apartments and One 1 bedroom 1 bath apartment, with lofted area with lots of options. Each unit serviced with central air and heat pump systems with individual thermostat controls. The building also offer 4 off street parking spaces. All units are separately metered for electricity, owner provides water. Front porch roof replaced in March 2026. The neighborhood has a very high walkability rating with some of the best restaurants, parks, entertainment and cultural venues/events the city has to offer all with walking distance. The location also benefits from a high quality rental pool that consists of young professionals, VCU and University of Richmond Students. Whether you are an owner occupant, a seasoned investor expanding your portfolio or a first time income property buyer this property delivers character, caliber and consistent performance at a level rarely found in this market. Don't miss this opportunity to own a real gem of a property in one of Richmond's most popular and historically significant neighborhoods. Great value add opportunity with lots of room for increased rents. Offers reviewed as received.