5508 Grove Ave, Richmond, VA

Name: 5508 Grove Ave, For Sale in Richmond - eXp Realty
Brand: Long & Foster REALTORS
SKU: 2616583
Price: 1195000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,195,000

000

MLS® 2616583

Key Facts
Description
Map

Key Facts

Type Duplex

Levels Residential Income

Size 2292 sqft

Garage

Taxes $9,264

Days Active 1

Lot Size 0.1461 Acres

Approx. Age 1938

Avg. Price Per Sqft $521

MLS® Number 2616583

Property Address: 5508 Grove Ave, Richmond, VA, 23226-2117

Average square foot calculated using Size range provided by listing agent.

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!

MLS® Number2616583

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1938

BasementUnfinished

DrivewayOff Street

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 19, 2026List Date

$1,195,000List Price

Commute

Commute

Starting Address

Destination Address

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