Skip main navigation
Pending
    • $369,900

    506 Highland Dr, Henrico, VA 23075

    4beds
    2baths
    1,880sqft
    : 
    $2,304/mo
    Get pre-qualified
    Duplex, Multi Family, Multi Family
    Built in 1947
    -- sqft lot
    $365,600 Zestimate®
    $197/sqft
    $-- HOA

    What's special

    Welcome to 506 Highland Drive, a duplex offering incredible potential for investors or owner-occupants looking to build equity. Conveniently located just minutes from Richmond International Airport, major highways, shopping, dining, and downtown Richmond, this property features two separate units, each with private utilities and strong income-producing possibilities. The duplex offers approximately 1,880 square feet with multiple bedrooms and baths across both units, providing flexibility for rental income or multi-generational living. Situated on a spacious lot, this property presents a rare opportunity to renovate, customize, and maximize value in a growing area. Whether you're expanding your investment portfolio or searching for a property with long-term upside, 506 Highland Drive is full of potential and ready for your viewing.
    60 days
    |
    25
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Megan Joiner 804-892-4402,

    RPM Richmond Metro 804-342-5800

    Source: CVRMLS,MLS#: 2615321MLS LogoOriginating MLS: Central Virginia Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Appliances
      • Included: Electric Water Heater
      Features
      • Has basement: No
      • Attic: Access Only
      Interior area
      • Total interior livable area: 1,880 sqft

      Property

      Features
      • Levels: Two
      • Stories: 2
      • Fencing: None
      Lot
      • Size: 0.33 Acres
      Details
      • Parcel number: 8237226499
      • Zoning description: R4

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Two Story
      • Property subtype: Duplex, Multi Family, Multi Family
      Materials
      • Block, Concrete, Vinyl Siding
      • Roof: Composition
      Condition
      • Year built: 1947

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Highland Terrace
      Location
      • Region: Henrico

      Financial & listing details

      • Price per square foot: $197/sqft
      • Tax assessed value: $298,500
      • Annual tax amount: $2,438
      • Date on market: 6/5/2026
      • Ownership: Individuals
      • Ownership type: Sole Proprietor

        Estimated market value

        $365,600

        $347,000 - $384,000

        $1,724/mo

        Price history

        DateEventPrice
        6/22/2026Pending sale$369,900$197/sqft
        Source: CVRMLS #2615321 Report a problem
        6/6/2026Listed for sale$369,900+76.1%$197/sqft
        Source: CVRMLS #2615321 Report a problem
        2/26/2024Listing removed--
        Source: Zillow Rentals Report a problem
        2/2/2024Price change$1,575-4.5%$1/sqft
        Source: Zillow Rentals Report a problem
        1/29/2024Price change$1,650-5.7%$1/sqft
        Source: Zillow Rentals Report a problem
        1/23/2024Listed for rent$1,750$1/sqft
        Source: Zillow Rentals Report a problem
        2/14/2023Sold$210,000$112/sqft
        Source: Public Record Report a problem
        10/11/2022Listing removed--
        Source: Owner Report a problem
        9/15/2022Listed for sale$210,000+55.6%$112/sqft
        Source: Owner Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        2/25/2020Listing removed$135,000$72/sqft
        Source: Owner Report a problem
        11/28/2019Price change$135,000+8%$72/sqft
        Source: Owner Report a problem
        8/29/2019Listed for sale$125,000+78.7%$66/sqft
        Source: Owner Report a problem
        10/24/2003Sold$69,950$37/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,439 +7.7%$290,300 +10.3%
        2024$2,264 +24.2%$263,200 +24.2%
        2023$1,823 +16.7%$212,000 +16.7%
        2022$1,563 +9.1%$181,700 +11.7%
        2021$1,432 +11.5%$162,700 +9.6%
        2020$1,284 +12.9%$148,400 +1.7%
        2019$1,137 $145,900 +12.9%
        2018$1,137 +122.6%$129,200 +11.3%
        2017$511 -45.7%$116,100 +8.6%
        2016$941 +3.6%$106,900 +3.6%
        2015$908 $103,200
        2014$908 $103,200 -10.3%
        2013-- $115,100 -11.7%
        2012-- $130,300 -8%
        2011-- $141,600
        2010-- $141,600 -4.1%
        2009-- $147,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.
        Get pre-qualified

        Climate risks

        Neighborhood: 23075

        Getting around

        54 / 100
        Somewhat Walkable
        47 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Fair Oaks
        • Middle: Elko
        • High: Highland Springs

        Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

        Similar homes

            Nearby cities

            Nearby zip codes

            Other Highland Springs Topics

              Search
              Updates
              Favorites
              Plan
              Inbox