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Richmond,VA 23223
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,261 sqft
Price per Sqft $158
MLS Listing ID 2526036
Style Two Story
Bedrooms 2
Full Baths 1
Half Baths 1
Construction Status Approximate
HOA Y/N No
Abv Grd Liv Area 1,261
Year Built 1900
Annual Tax Amount $2,748
Tax Year 2024
Lot Size 6,054 Sqft
Acres 0.139
Property Sub-Type Single Family Residence
Property Description
Great chance to buy a home in R-63 zoning in an incredible location!! Opportunity awaits with a multitude of by-right development options in this desirable city neighborhood. By Right options include renovating the existing home and adding an ADU, building up to 5 additional units as a multifamily, or making the current home a detached two family dwelling. NO SUP needed - giving homeowners, investors, builders, and developers tremendous flexibility. Whether your goal is to build to sell or build to rent, the options are endless. Located only one block from beautiful Jefferson Park and just a short walk to Union Hill's favorite restaurants and cafes (Pizza Bones, Fat Rabbit Bakery, Alamo BBQ, The Roosevelt, and more), this property is surrounded by established community charm and steady growth. Zoning confirmation letters and surveys are already in hand, streamlining your planning process. For those seeking a less dense approach, the existing structure on the lot (48'x159') is primed for a major renovation or a large addition with an ADU. Restoring and expanding the current building could yield a high-value resale or long-term rental. This unusually deep city lot also provides room for off-street parking from the alley and generous outdoor space -features that are increasingly rare and highly desirable in this market. Opportunities like this, with zoning already in place and development pathways clearly defined, are exceptionally rare. Don't miss your chance to invest in a fast-growing neighborhood and bring your project to life in one of the city's most dynamic locations!!
Location
State VA
County Richmond City
Area 10 - Richmond
Rooms
Basement Crawl Space
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Pool None
Community Features Public Transportation
Roof Type Shingle
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Two Story
Level or Stories Two
Structure Type Frame,Other
New Construction No
Construction Status Approximate
Schools
Elementary Schools Bellevue
Middle Schools Martin Luther King Jr.
High Schools Armstrong
Others
Tax ID E000-0252-045
Ownership Individuals