Description

1615 W Grace Street is a 1904 built triplex located in Richmond's historic Fan District. This all-brick Victorian-inspired rowhouse blends historic character with modern upgrades, offering 3,687 square feet spread over 3 floors. This classic rowhouse is located in a highly walkable area close to Whole Foods, VCU, and many of the local restaurants, museums, live music venues & parks that the Fan area offers. The building houses 3 occupied apartments: two 2-bedroom units and one 1-bedroom unit with a shared laundry and partial basement. The property has several recent upgrades, including a recently installed TPO roof and two tankless water heaters. The fenced backyard offers a private deck, plus 2 off-street parking spaces. This property offers the perfect combination of historic Richmond charm, strong rental potential, and a prime Fan District location. Richmond is currently ranked as a Top 10 U.S. Home buying Hot Spot for 2026 by the National Association of Realtors, making it a premier choice for investors seeking a balance of stable cash flow and long-term appreciation.