USAVARichmondWallace Manor1209 Wallace St
1209 Wallace St | Image 1
1209 Wallace St | Image 2
1209 Wallace St | Image 3
1209 Wallace St | Image 4
1209 Wallace St | Image 5
1209 Wallace St | Image 6
1209 Wallace St | Image 7

$755,000

For Sale

19 days ago

1209 Wallace St, Richmond, VA

House

MLS® 2625836

0 Bed

0 Bath

2496 sqft

--

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 2496 sqft
Garage 
Taxes $6,384
Days Active 19
Lot Size 0.1435 Acres
Approx. Age 1920
Avg. Price Per Sqft $302
MLS® Number 2625836

Property Address: 1209 Wallace St, Richmond, VA, 23220-6153

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

Description

**Fantastic VCU-Area Investment Opportunity — $20, 000 Below Appraised Value!** Solid brick, fully leased quad offering an excellent opportunity for investors seeking a property with existing income and additional upside. Current leases are in place, allowing for immediate rental income, while minor cosmetic enhancements could help maximize the property’s future appeal and rental potential. *(See AI-generated images for examples of possible improvements.)* The property features a **large, fully fenced backyard** offering multiple possibilities, including additional off-street parking or the creation of an inviting outdoor space for future tenants. Its solid brick construction, **separately metered utilities, and individual mini-split systems for each unit** add to the property's functionality and investment appeal. The downstairs units feature updated flooring and kitchens, while the upstairs units offer private decks—perfect for enjoying a morning coffee or relaxing outdoors. Approximately **$78, 000 in improvements** have been completed in recent years, including a roof that is less than five years old, updated kitchens, mini-split heating and cooling systems, downstairs flooring, and interior painting. With its **close proximity to VCU, existing leases, substantial recent improvements, and potential for additional value through cosmetic updates and outdoor enhancements**, this property is an opportunity worth exploring.
MLS® Number2625836
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1920
BasementCrawl Space
DrivewayOn Street
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Sep 23, 2026List Date
$755,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jul 18, 2026List Date
$765,000List Price
Nov 21, 2025End Date
$671,000Sold Price

Sold

Oct 30, 2025List Date
$300,000List Price
  • Commute

Commute

Starting Address
Destination Address
1209 Wallace St, Richmond, VA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties

Explore eXpFind an AgentJoin eXpInvestor RelationsCompany CareersHome Guides
eXp LifeZoocasaSUCCESS®SUCCESS® LendingeXp RevenoseXp CommercialeXp LuxuryeXp Land and RanchAccessibility
Terms and ConditionsPrivacy Rights RequestPrivacy PolicyCookie PolicyBrand GuidelinesSitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker

© 2026 eXp Realty. eXp World Holdings, Inc. All Rights Reserved