Price: $240,000
Beds: 2
Baths: 1 full, 1 half
Status: Active
Property Type: Single Family Residence
Lot Size Acres: 0.14
Lot Size SqFt: 6,054
Year Built: 1900
Neighborhood: None
Days on Website: 12

Courtesy of Hometown Realty

Property Description

Great chance to buy and renovate this home in an incredible location!! Opportunity awaits with a multitude of by-right development options in this desirable city neighborhood! No SUP’s needed here—these parcels are already zoned R-63, giving investors, builders, and developers tremendous flexibility. 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. Together, 529 & 531 Mosby offer 72 feet of street frontage and over 10,000 square feet of parcel space, allowing between 1–10 residential or mixed-use units by right. Build single-family homes, condos, or apartments—whether your strategy is to build to sell or build to rent, the options are endless. Zoning confirmation letters and surveys are already in hand, streamlining your planning process. For those seeking a less dense approach, the vacant lot (24’x159’) can accommodate a new construction dwelling, while the existing structure on the adjacent lot (48’x159’) is primed for a major renovation or a large addition. Restoring and expanding the current building could yield a high-value resale or long-term rental. These unusually deep city lots also provide room for off-street parking and generous outdoor space, features that are increasingly rare and highly desirable in this market. Whether your vision is small-scale—rehabbing and selling the existing house with its oversized lot—or larger scale—redeveloping the combined parcels into multiple new homes—this property delivers on both flexibility and potential. 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!!

Open House

Property Details and Features

  • Bathrooms
  • Bathrooms Total Integer: 2
  • Building
  • Below Grade Finished Area: 0
  • Construction Materials: Frame,Other
  • Living Area Source: Assessor
  • Rooms Total: 5
  • Community
  • Community Features: PublicTransportation
  • Listing
  • Ownership Type: Corporation
  • Ownership: Corporate,Individuals
  • Location
  • City Region: Union Hill/Church Hill
  • City: Richmond
  • County Or Parish: Richmond City
  • Lot
  • Parcel Number: E000-0252-045
  • Parking
  • Parking Features: NoGarage,OffStreet
  • Possession
  • Possession: CloseOfEscrow
  • Property
  • Property Condition: Resale
  • Property Sub Type: Single Family Residence
  • Taxes
  • Tax Annual Amount: $2,748
  • Tax Assessed Value: $239,000
  • Tax Legal Description: 0047.92X0159.38 IRG0000.139 AC
  • Tax Year: 2024

Property Map

$240,000 – 529 Mosby Street, Richmond, VA 23223

Street View

Nearby Schools

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