LKV Realty
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$1,095,000
$6,000Reward *
5508 Grove Avenue, VA 23226Listing ID 2616583

5508 Grove Avenue, VA 23226

Active
Glenburnie
Time on site: 55 daysLast updated: 6 days ago
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Duplex
Square Feet
Square Feet
2,292
Acres
Acres
0.15
Days on Site
Days on Site
55
Year Built
Year Built
1938
Stories
Stories
2
Parking
Parking
Off Street

5508 Grove Avenue - a lovely, fully renovated duplex just steps from the popular Libbie/Grove shops & restaurants. This brick & slate property has been completely renovated inside & out and is a wonderful opportunity to own a high-end, income-producing investment. Live on one floor & rent out the other space, or rent both units. Total income for both units $6,500 per month. The lower unit is currently occupied until mid-January. Unit 1# (first floor): 2 bedrooms, 2.5 baths, entry fronts Seneca Road. The open-concept living room and kitchen has wood-burning fireplace, crown molding, hardwood floors. Kitchen has large island with counter seating, granite and quartz counters. Renovated full baths and an added half bath. Larger bedroom has walk-in closet, stack washer/dryer, large bathroom. 2nd bedroom has built-in Murphy bed & attached full bath. Side porch, access to fenced back yard & patio. Currently rents for $3,500 per month. Unit #2: (second floor) 2 bedrooms, 1.5 baths, entry fronts Grove, wood-burning fireplace, open-concept living/kitchen area (with fireplace). Large eat-in kitchen with center island, gas cooking, refrigerator, dishwasher, beverage refrigerator. 2 bedrooms, both equipped with built-in Murphy beds. California closets. Shared full bath between bedrooms, & half bath. New hot water heater. Stack washer/dryer. Side balcony overlooking Seneca. Typically rents for $3,000 per month. Overall property enhancements include:new rear patio, privacy fencing, new landscaping, new custom storm doors/front doors per unit, new irrigation system, insulated replacement windows, California closets, separate utility metering for each unit, off-street parking added, new brick walkways at front & side of property, dehumidifier in crawlspace, designer lighting in both units, plantation shutters added, hardwood floors refinished, interior/exterior painted. Interiors have new baths, kitchens and have been renovated fully with newer HVAC, newer half baths, hot water heaters. Very unique opportunity!

Property Information

Property Details

Location

Address
5508 Grove Avenue
County
Richmond City
Zip Code
23226
Subdivision
Glenburnie
High School
Thomas Jefferson
Elementary School
Munford
MLS Area
20 - Richmond

Interior Features

Interior Features

Interior Features
Eat-in Kitchen, Fireplace, Granite Counters, Bath in Primary Bedroom, Main Level Primary, Walk-In Closet(s)

Building

Building Information

Square Feet
2,292
Year Built
1938
Stories
2
Construction
Brick
Roof
Slate

Property Taxes

Tax Annual Amount
$9,264
Tax Year
2025
Long & Foster REALTORS, (804) 288-8888

Market Report for 23226

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: CVRMLS - Central Virginia Regional Multiple Listing Service
CVRMLS - Central Virginia Regional Multiple Listing Service logo

All or a portion of the Listing Content is provided by the Central Virginia Regional MLS, LLC, from a copyrighted compilation of Listings. All CVR MLS Listing Content provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2026 Central Virginia Regional MLS, LLC. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

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