$1,150,000

5508 Grove Ave, Richmond, VA 23226

  • 2,292 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1938
  • Property Lot Size Icon6,364sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $502/sqft
  • Property List Date Icon Listed 15 days ago

Property Description

5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January. Unit 1# (first floor): 2 bedrooms, 2.5 baths, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month. Unit #2: (second floor) 2 bedrooms, 1.5 baths, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace). Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator. 2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month. Overall property enhancements include:new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!

Listing Status:
Active
Data Last Updated:
July 4, 2026 at 10:15PM
Listing Office:
Long & Foster REALTORS : (804) 288-8888
Listing Agent:
Eliza Branch : (804) 937-6812
MLS ID:
2616583
  • General: Eat-in KitchenFireplaceGranite CountersBath in Primary BedroomMain Level PrimaryWalk-In Closet(s)
  • Basement: Unfinished
  • Fireplace: Fireplace
  • General: Sprinkler/Irrigation
  • Style: ColonialTwo Story
  • Other Structures: BalconyFront PorchSide Porch
  • Parking: Off Street
  • Roofing: Slate
  • General: Brick2
  • Originating MLS: CVR
  • County: Richmond City
  • Zoning: GLENBURNIE PTL8 BK 0047.35X0109.86 IRG0000.000W020-0159-020
  • Fencing: Back YardFencedPrivacy
  • Water: Public
  • Sewer: Public Sewer
  • Source: CVR
  • Ownership: IndividualsSole Proprietor

This listing courtesy of Eliza Branch , Long & Foster REALTORS

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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