Movoto Real Estate
Sold on 12/29/2025

1209 Wallace St, Richmond, VA 23220

$671,000

Last sold 12/29/2025 after 60 Days

  • 4

    bed

  • 4

    bath

  • 2,496

    Sqft ($269/Sqft)

Multi-family not for sale

About 1209 Wallace St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 6,251 Sqft
Movoto estimate
Rental estimate
Property description
Fantastic Investment Opportunity Walkable to VCU! Don’t miss this renovated 2,496± SF quadplex in the sought-after Wallace Manor neighborhood—just steps from VCU and minutes to Maymont Park, Hollywood Cemetery, and Richmond’s best dining, shopping, and entertainment. This property features four 1-bedroom, 1-bathroom units, each offering updates completed in 2025 totaling over $78,000 in renovations with a roof approximately 5 years old. This property presents an incredible opportunity for investors or owner-occupants seeking supplemental rental income. With two units on a month-to-month lease & two units vacant, enjoy strong rental potential in one of Richmond’s most desirable locations. NOTE: This property is subject to Auction, the list price is not the selling price, but the opening bid at the auction. The seller reserves the right to accept an offer prior to the auction.
Listed by
Listing Agent - Carly Hancock
Listing Office - Motleys Real Estate
Source: Central Virginia Regional MLS mls logo
MLS#2530376 • last updated 8 months ago
Movoto checked Central Virginia Regional MLS for data 9 minutes ago
Overview
Levels/Style Two, Two Story
Type Residential Income
SubType Quadruplex
MLS # 2530376
SqFt 2496
Status Closed
Lot Size (Acres) 0.1435
Annual Property Tax 6384
Year Built 1920
Interior
Total # of Bathrooms 4
# of Full Baths 4
Total # of Bedrooms 4
Appliances Gas Water Heater
Exterior
Roof Metal
Parking Desc On Street
Amenities / Utilities
Water Heater Gas
Sewer/ Septic Public Sewer
Water Source Public
Location
Subdivision Wallace Manor
Elementary School Fox
High School Thomas Jefferson
Middle School Dogwood
APN W000-0436-026
Zoning R-6
$755K
Range: $694K-$815K
Last 30 days 
Rental est.: $2,550/month
Gross rent multiplier: 21.9
  • Aug 2026
    mls logo MLS # 2619201
  • Aug 18, 2026 Price Change
    $765,000 (-1.9%)
  • Jul 22, 2026 Price Change
    $780,000 (+0.3%)
  • Jul 16, 2026 Listed
    $778,000 (+15.9%)
  • Dec 2025
    mls logo MLS # 2530376
  • Dec 29, 2025 Sold
    $671,000 (+123.7%)
  • Nov 21, 2025 Pending
  • Oct 30, 2025 Listed
    $300,000 (-33.3%)
  • May 2025
    Public Records
  • May 20, 2025 Sold
    $450,000
  • Year Property taxes Tax assessment
  • 2025
    $6,384 +5.1%
    $532,000 +5.14%
  • 2023
    $6,072 +63.8%
    $506,000 +36.76%
  • 2020
    $3,708 +47.8%
    $370,000 +77.03%
  • 2019
    $2,508 +4.5%
    $209,000 +4.5%
  • 2018
    $2,400 +94.3%
    $200,000
  • 2014
    $1,235
    $200,000
  • 1209 Wallace St
    $671K
  • Randolph
    $407K +29% y/y
  • 23220
    $439K -2% y/y
  • Richmond
    $357K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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