VA
Richmond City
Richmond
23226
5508 Grove Avenue
5508 Grove Avenue, Richmond, VA 23226
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Listing Type
Multi Family
Listing Status
Active
75
$1,195,000

Home Details for 5508 Grove Avenue

Price
$1,195,000
Type
Residential Income
Square feet
2292
Year built
1938
Lot size acres
0.1461
County
Richmond City
Basement
Unfinished
Days on site
1
MLS Listing#
2616583
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!

Property Features
  • House Interior
    • Eat-in Kitchen
    • Granite Counters
    • Walk-In Closet(s)
    • Master Downstairs
  • Water Features
    • Public
  • Parking
    • Off Street
  • Basement
    • Unfinished
School Information
School Information for 5508 Grove Avenue, Richmond, VA 23226
Elementary School
Munford
Middle School
Albert Hill
High School
Thomas Jefferson
Listing Courtesy: Long & Foster REALTORS - 804-288-8888
Presented by: Eliza Branch
Central Virginia Regional MLS logo All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are Copyright © 2026 Central Virginia Regional Multiple Listing Service, LLC. All Rights Reserved.
Last Updated: 2026-07-01 17:10:09
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EXIT REALTY SUCCESS
605 Research Rd. Suite E., North Chesterfield, VA 23236
Jane Renger
Franchisee
Office
804 924 2171
Agent
804 397 9796
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