AMAZING INVESTMENT OPPORTUNITY IN THE HEART OF THE FAN DISTRICT. Just steps from VCU, this updated 4 UNIT property spans 4,878 sqft and features a total of 10 bedrooms and 8 bedrooms. The building has been fully renovated with modern systems: central air/heat pumps, updated plumbing and electric, sprinkler system, fire alarm monitoring, double-paned windows, in-unit laundry, and a metal roof. The property is fully leased and generates a strong monthly income of $9,805 and has been owned for many years with 100% occupancy. With three dedicated parking spaces, high rental demand, and its unbeatable location near VCU, downtown, and major highways, this is a prime opportunity for investors or owner-occupants seeking both immediate cash flow and long-term appreciation. With no rent increases this year, there is strong upside potential for rent growth. Don't miss out on this rare opportunity to acquire a turn-key, cash-flowing asset in one of Richmond's most desirable neighborhoods conveniently located steps from all of the amenities the FAN has to offer.
Sold for $1,500,000
$1,500,000
1010 Park Ave, Richmond, VA 23220
10beds
8baths
4,878sqft
Quadruplex, Multi Family, Multi Family
Built in 1910
-- sqft lot
$-- Zestimate®
$308/sqft
$2,012 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,012/mo
Zestimate® history
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List your homeWhat's special
Fire alarm monitoringMetal roofSprinkler systemIn-unit laundryUpdated plumbing and electricDouble-paned windows
Zillow last checked:
Listing updated:
Listed by:
Teresa Mueller 202-306-2674,
The Mueller Group LLC
Bought with:
Beth Johnston, 0225240530
Real Broker LLC
Source: CVRMLS,MLS#: 2525664
Originating MLS: Central Virginia Regional MLS
Originating MLS: Central Virginia Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Appliances
- Included: Electric Water Heater
- Laundry: Washer Hookup, Dryer Hookup, Stacked
Features
- Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Recessed Lighting, Cable TV, Wired for Data
- Windows: Leaded Glass
- Basement: Full
- Attic: None
Interior area
- Total interior livable area: 4,878 sqft
- Finished area below ground: 757
Property
Parking
- Parking features: Assigned, Off Street
Features
- Levels: Three Or More,Multi/Split
- Stories: 3
- Patio & porch: Deck, Front Porch
- Fencing: Fenced,Privacy
Lot
- Size: 2,700 Square Feet
- Features: Level
Details
- Parcel number: W0000462016
- Zoning description: R-6
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Tri-Level
- Property subtype: Quadruplex, Multi Family, Multi Family
Materials
- Brick, Drywall
- Roof: Metal
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Fire Sprinkler System
- Subdivision: None
Location
- Region: Richmond
Financial & listing details
- Price per square foot: $308/sqft
- Tax assessed value: $1,024,000
- Annual tax amount: $12,280
- Date on market: 11/9/2025
- Ownership: Individuals
- Ownership type: Sole Proprietor
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2025 | Sold | $1,500,000$308/sqft |
Source:  CVRMLS #2525664 Report a problem | ||
| 9/26/2025 | Pending sale | $1,500,000$308/sqft |
Source: CVRMLS #2525664 Report a problem | ||
| 9/16/2025 | Listed for sale | $1,500,000$308/sqft |
Source: CVRMLS #2525664 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,288 +6.9% | $1,024,000 +6.9% |
| 2024 | $11,496 +4.1% | $958,000 +4.1% |
| 2023 | $11,040 | $920,000 |
| 2022 | $11,040 +11.9% | $920,000 +11.9% |
| 2021 | $9,864 +0.5% | $822,000 +0.5% |
| 2020 | $9,816 +5.8% | $818,000 +5.8% |
| 2019 | $9,276 +0.8% | $773,000 +0.8% |
| 2018 | $9,204 +162.7% | $767,000 +3.6% |
| 2017 | $3,504 | $740,000 +71.3% |
| 2016 | $3,504 | $432,000 +9.4% |
| 2015 | $3,504 | $395,000 +35.3% |
| 2014 | $3,504 | $292,000 -3% |
| 2013 | -- | $301,000 |
| 2012 | -- | $301,000 -3.2% |
| 2011 | -- | $311,000 |
| 2010 | -- | $311,000 -2.4% |
| 2009 | -- | $318,600 -11.2% |
| 2008 | -- | $358,600 |
| 2007 | -- | $358,600 +13.6% |
| 2006 | -- | $315,600 +15.9% |
| 2005 | -- | $272,400 +15% |
| 2003 | -- | $236,800 +34.3% |
| 2002 | -- | $176,300 +22% |
| 2001 | $2,066 | $144,500 |
Find assessor info on the county website
Neighborhood: The Fan
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Nearby schools
GreatSchools rating
- 7/10William Fox Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 1/10Binford Middle SchoolGrades: 6-8Distance: 0.4 mi
- 4/10Thomas Jefferson High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Fox
- Middle: Dogwood
- High: Thomas Jefferson
Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Richmond City
- Richmond
- 23220
- The Fan
- 1010 Park Ave
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