2603 W Grace St, Richmond, VA, 23220
About This Home
Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office space, formerly a dentist office, spanning around 760 sqft. This area, which consists of six rooms and 2 half bathrooms, offering the potential for conversion into a third apartment or another business, maximizing your rental income. With a convenient rear parking lot accommodating 6 vehicles, accessibility is a breeze for both tenants and clients. Don’t miss out on this prime property that combines residential and commercial potential in a sought-after location! 24 hour notice required to show.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1958
Materials
- Roof: Metal,Shingle
- Construction materials: Brick,Drywall,Frame,Plaster
Type & Style
- Home type: MultiFamily
- Architectural style: Other
- Property subType: Triplex,Multi Family,Multi Family
Interior
Appliances
- Appliances included: Gas Water Heater
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 3
Features
- Bedroom on Main Level
- Attic: Access Only
Interior Area
- Total interior livable area: 1,518 sqft
Property
Details
- Parcel number: W0001169012
- Zoning description: R-48
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Exterior features: Awning(s),Lighting,Storage,Shed
- Fencing: None
Lot
- Lot size: 4,904 sqft
Parking
- Parking features: Alley Access,Off Street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,033 | $36,396 |
| Home Insurance * | $182 | $2,184 |
| Property Taxes | $449 | $5,388 |
| Electricity | $202 | $2,433 |
| Total | $3,866 | $46,392 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-21 | Listed for sale | $618,000 |
| 2025-10-07 | Listing removed | $585,000 |
| 2025-03-14 | Price change | $585,000 |
| 2024-10-26 | Listed for sale | $600,000 |
| 2021-03-24 | Listing removed | -- |
| 2019-08-21 | Listing removed | $900 |
| 2019-08-02 | Price change | $900 |
| 2019-07-12 | Price change | $950 |
| 2019-04-24 | Listed for rent | $1,000 |
| 2018-08-09 | Listing removed | $900 |
| 2018-07-24 | Listed for rent | $900 |
| 2018-05-10 | Listing removed | $900 |
| 2018-03-23 | Listed for rent | $900 |
| 2017-07-04 | Listing removed | $900 |
| 2017-05-28 | Listed for rent | $900 |
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