1010 Park Ave

Richmond, VA 23220

$1,500,000
Last Sold Price
10
Beds
4,878 Sq. Ft.
$308 / Sq. Ft.
4,878
Sq. Ft.
$308
per Sq. Ft.
Closed 10/30/25
Closed 10/30/25
Detailed view of a fire alarm and mail area
Kitchen with dark cabinetry, stainless steel appli
Bathroom with double vanity and dark tile patterne
Stairs featuring wood-type flooring
Bathroom with vanity and tub / shower combination
Kitchen featuring dark cabinets, fridge, stainless
Kitchen featuring light stone counters, dark cabin
Kitchen featuring light stone countertops, dishwas
Kitchen featuring baseboards and stone countertops
Unfurnished bedroom with baseboards and ceiling fa
Bathroom with washtub / shower combination, vanity
Kitchen featuring light stone counters, freestandi
Kitchen with dark cabinetry, light stone counters,
Unfurnished living room with a ceiling fan, recess

Description

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...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.

Listing Agent

  1. Teresa Mueller

    Teresa Mueller

    Listing Agent

    Compass

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Property Details for 1010 Park Avenue

Architectural Style
Tri-Level
Subdivision Name
None
Waterfront
No
LISTING UPDATED: 10/31/2025 08:30 AM

Property Details for 1010 Park Avenue

StatusClosed
MLS #2525664
Days on Market16
Taxes$12,280 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1910
Lot Size0.06 AC / 2,700 SF
CountyRichmond Independent City

Location

Sold By Real Broker LLC, Beth Johnston

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Building Information for 1010 Park Avenue

Stories3Residences4Year Built1910Building Size-Lot Size0.06 AC / 2,700 SF

Payment Calculator

$8,435 per month

30 year fixed, 6.28% Interest

Principal and Interest

$7,412

Property Taxes

$1,023

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1010 Park Avenue

Summary
Location and General Information
  • City: Richmond
  • City Region: Fan
  • County Or Parish: Richmond City
  • Directions: GPS
  • Latitude: 37.549299
  • Longitude: -77.455509
  • Postal City: Richmond
  • Postal Code: 23220
  • Postal Code Plus4: 4733
  • State Or Province: VA
  • Unparsed Address: 1010 Park Ave
  • Zoning Description: R-6
Taxes and HOA Information
  • Parcel Number: W000-0462-016
  • Tax Annual Amount: $12,280.00
  • Tax Assessed Value: $1,024,000.00
  • Tax Legal Description: 0025.00X0108.000000.000
  • Tax Year: 2025
School Information
  • Elementary School: Fox
  • High School: Thomas Jefferson
  • Middle Or Junior School: Dogwood
Parking
  • Garage: No
  • Parking Features: Assigned, Off Street
  • Garage Parking Features: Assigned, Off Street
Property
Lot Information
  • Below Grade Finished Area: 757.0
  • Living Area: 4,878.00
  • Lot Features: Level
  • Lot Size Acres: 0.062
  • Lot Size Area: 0.062
  • Lot Size Units: Acres
  • Stories: 3
  • Stories Total: 3
  • Property Sub Type Additional: Quadruplex
Property and Assessments
  • Number Of Units Total: 4
  • Type of Property: Residential Income
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Year Built: 1910
  • Year Built Details: Actual
  • Development Name: Fan
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Fencing: Fenced, Privacy
  • Roof: Metal
  • Security Features: Fire Sprinkler System
Interior Features
  • Appliances: Electric Water Heater
  • Basement: Full
  • Basement: Yes
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 0
  • BathsTotal: 0.0
  • Interior Features: Eat In Kitchen, Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Recessed Lighting, Cable Tv, Wired For Data
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Levels: Three Or More, Multi Split
  • Patio And Porch Features: Deck, Front Porch
  • Window Features: Leaded Glass
Multi Family
Unit 1
  • Unit Type Description 1: Dishwasher,Dryer Hookup,Electric Meter,Electric Stove,Refrigerator,Washer Hookup,Water Heater,Central Air,Electric,Heat Pump,Individual
  • Unit Type Actual Rent 1: $1,700.00
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Leased 1: Yes
  • Unit Type Num Full Baths 1: 1
  • Unit Type Num Half Baths 1: 0
  • Unit Type Area 1: 820.0
  • Unit Type Actual Rent Range 1: 1700
Unit 2
  • Unit Type Description 2: Dishwasher,Dryer Hookup,Electric Meter,Electric Stove,Refrigerator,Washer Hookup,Water Heater,Central Air,Electric,Heat Pump,Individual
  • Unit Type Actual Rent 2: $3,060.00
  • Unit Type Baths Total 2: 3
  • Unit Type Beds Total 2: 3
  • Unit Type Leased 2: Yes
  • Unit Type Num Full Baths 2: 3
  • Unit Type Num Half Baths 2: 0
  • Unit Type Area 2: 1680.0
  • Unit Type Actual Rent Range 2: 3060
Unit 3
  • Unit Type Description 3: Dishwasher,Dryer Hookup,Electric Meter,Electric Stove,Refrigerator,Washer Hookup,Water Heater,Central Air,Electric,Heat Pump,Individual
  • Unit Type Actual Rent 3: $2,215.00
  • Unit Type Baths Total 3: 2
  • Unit Type Beds Total 3: 3
  • Unit Type Leased 3: Yes
  • Unit Type Num Full Baths 3: 2
  • Unit Type Num Half Baths 3: 0
  • Unit Type Area 3: 1130.0
  • Unit Type Actual Rent Range 3: 2215
Unit 4
  • Unit Type Description 4: Dishwasher,Dryer Hookup,Electric Meter,Electric Stove,Refrigerator,Washer Hookup,Water Heater,Central Air,Electric,Heat Pump,Individual
  • Unit Type Actual Rent 4: $2,605.00
  • Unit Type Baths Total 4: 2
  • Unit Type Beds Total 4: 3
  • Unit Type Leased 4: Yes
  • Unit Type Num Full Baths 4: 2
  • Unit Type Num Half Baths 4: 0
  • Unit Type Area 4: 1248.0
  • Unit Type Actual Rent Range 4: 2605
Income and Expenses
  • Gross Income: $114,960.00
Rental
Rental Information
  • Price Per Area Unit: Dollars Per Square Foot

Property History for 1010 Park Avenue

DateEvent & SourcePriceAppreciation
Oct 30, 2025

Sold

CVRMLS #2525664

$1,500,000—
Oct 22, 2025

Sold (Public Record)

Public Record #1918571114

$1,500,000—
Sep 26, 2025

Pending

CVRMLS #2525664

—
Sep 11, 2025

Listed (Active)

CVRMLS #2525664

$1,500,000—
DateEvent & SourcePrice
10/30/2025

Sold

CVRMLS #2525664

$1,500,000
10/22/2025

Sold (Public Record)

Public Record #1918571114

$1,500,000
09/26/2025

Pending

CVRMLS #2525664

—
09/11/2025

Listed (Active)

CVRMLS #2525664

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1010 Park Avenue

Taxable ValueLand$250,000Additions$774,000Total$1,024,000
Tax Record2025$12,288 ($1,024 / month)
Home Facts
Baths7Total Finished SqFt4,121 SqFtAbove Grade Finished SqFt4,121 SqFtStories3Lot Size2,700 SqFtStyleMulti-Family Dwelling (2-4)Year Built1910Year Renovated1973ZoningR-6 SINGLE FACountyRICHMOND CITYAPNW-000-0462-016Fireplace TypeHas Fireplace

Schools near 1010 Park Avenue

This home is within Richmond City Public Schools.
Rating
School
Type
Grades
Distance
William Fox Elementary School
Public - PK to 5
Binford Middle School
Public - 6 to 8
Thomas Jefferson High School
Public - 9 to 12
Open High School
Public - 9 to 12
Rating
School
Distance
William Fox Elementary School
PublicPK to 5

Binford Middle School
Public6 to 8

Thomas Jefferson High School
Public9 to 12

Open High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.