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Sold for $450,000
  • $450,000

    4506 Forest Hill Ave, Richmond, VA 23225

    4beds
    3baths
    2,145sqft
    Duplex, Multi Family, Multi Family
    Built in 1929
    -- sqft lot
    $-- Zestimate®
    $210/sqft
    $2,617 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,617/mo

    Zestimate® history
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    What's special

    AMAZING OPPORTUNITY FOR INVESTOR OR OWNER/OCCUPANT! Overlooking historic, tree-lined Forest Hill AVE, this 2-story duplex is located in one of the most vibrant areas of RVA. Property currently features 2 separate units (both vacant): 1st floor 2 BR/1.5 bath and 2nd floor 2 BR/1 bath. Each has its own gas and electric meter and share a water meter (owner paid monthly bill). Each unit also features a private, screened porch. A shared, fenced backyard and large shed add inviting outdoor space and storage for residents. Off street parking off alley. This property offers immediate income potential for an investor or an owner occupant who wants to live in one unit while earning rental income from the other and a rejuvenation could transfer this "grand dame" into a lucrative investment or a charming and spacious single-family home! Unfinished 960 s/f basement and 480 s/f walk up attic offer room for expansion. Contact the City of Richmond for tax abatement and ADU possibilities. Offering a lifestyle of convenience, walk or bike to nearby amenities like Westover Hills Library or Forest Hill Park/Farmer's Market. Savor some of the best local food and beverage options at Little Nickel, The Veil Brewing Company, Blanchard Coffee, and Charm School ice cream. Whether you are looking for a place to call home in a desirable location or seeking an investment opportunity with promising rental potential, 4506 Forest Hill AVE delivers on all fronts. Schedule a showing today and envision the endless possibilities that await!

    Zillow last checked:

    Listing updated:

    Listed by:

    Mary Marsh info@srmfre.com,

    Shaheen Ruth Martin & Fonville

    Bought with:

    Michael Kucera, 0225243359

    Black Line Properties

    Source: CVRMLS,MLS#: 2512699MLS LogoOriginating MLS: Central Virginia Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    Appliances
    • Included: Gas Water Heater
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Bookcases, Built-in Features, Bedroom on Main Level, Separate/Formal Dining Room, Fireplace, Laminate Counters
    • Basement: Full,Interior Entry,Unfinished
    • Attic: Expandable,Floored,Walk-up
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,145 sqft

    Property

    Parking
    • Parking features: Alley Access, Detached, Garage, Off Street, Unfinished Garage, Workshop in Garage
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Rear Porch, Front Porch, Screened
    • Exterior features: Storage, Shed
    • Fencing: Back Yard,Fenced
    Lot
    • Size: 10,001 Square Feet
    • Features: Level
    Details
    • Parcel number: S0060348017
    • Zoning description: R-5

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Colonial,Two Story
    • Property subtype: Duplex, Multi Family, Multi Family
    Materials
    • Brick, Block, Plaster, Stucco
    • Roof: Slate
    Condition
    • Year built: 1929

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Forest Hill Park Terrace
    Location
    • Region: Richmond

    Financial & listing details

    • Price per square foot: $210/sqft
    • Tax assessed value: $492,000
    • Annual tax amount: $5,580
    • Date on market: 9/9/2025
    • Ownership: Individuals
    • Ownership type: Sole Proprietor

    Price history

    DateEventPrice
    5/30/2025Sold$450,000$210/sqft
    Source: CVRMLS #2512699 Report a problem
    5/9/2025Pending sale$450,000$210/sqft
    Source: CVRMLS #2512699 Report a problem
    5/9/2025Listed for sale$450,000$210/sqft
    Source: CVRMLS #2512699 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,904 +5.8%$492,000 +5.8%
    2024$5,580 +15.4%$465,000 +15.4%
    2023$4,836 $403,000
    2022$4,836 +33.4%$403,000 +33.4%
    2021$3,624 +2%$302,000 +2%
    2020$3,552 +6.9%$296,000 +6.9%
    2019$3,324 +3.7%$277,000 +3.7%
    2018$3,204 $267,000 +1.1%
    2017-- $264,000 +5.6%
    2016-- $250,000 +2%
    2015-- $245,000
    2014-- $245,000
    2013-- $245,000
    2012-- $245,000 -4.3%
    2011-- $256,000
    2010-- $256,000
    2009-- $256,000 +0.2%
    2008-- $255,400 +4.1%
    2007-- $245,400 +35.6%
    2006-- $181,000 +32%
    2005-- $137,100 +5%
    2003-- $130,600 +10%
    2002-- $118,700 +5%
    2001$1,616 $113,030
    Find assessor info on the county website

    Neighborhood: Forest Hill Terrace

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Westover Hills
    • Middle: River City
    • High: Huguenot

    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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