#1 • SOLD! | Quadplex within Walking Distance to VCU | Renovated | 2,496 SF | 1209 Wallace Street | Richmond, VA | 23220

Part of SOLD! | Quadplex within Walking Distance to VCU | Renovated | 2,496 SF | 1209 Wallace Street | Richmond, VA | 23220 (listings by Motleys Asset Disposition Group)

SOLD FOR $671,000! 1209 Wallace Street, Richmond, VA 23220 Don’t miss this 2,496± SF quadplex ideally located in Wallace Manor, just steps from VCU and minutes to Maymont Park, Hollywood Cemetery, and Richmond’s best dining, shopping, and entertainment. Featuring 4 units with 1 bedroom and 1 bathroom, this property offers a renovated interior providing instant income potential. Whether you’re an investor expanding your portfolio or an owner-occupant seeking supplemental rental income, this is a rare opportunity to own multi-unit housing in one of Richmond’s most desirable areas.   Lender Evaluation of $800,000! Opening Bid Only $300,000! Quadplex Totaling 2,496± SF – Four 1 Bedroom, 1 Bathroom Units Renovation in 2025 Totaling $78,000! Roof Approximately 5 Years Old Zoned R-6 Prime Location – Walking Distance to VCU Convenient City Living – Near top dining, shopping and entertainment Immediate income-producing opportunity   Sale Date and Time Online Bidding Opens: Monday, November 17th at 9:00 AM Live, In-Person Begins: Thursday, November 20th at 3:30 PM Sale Closes: Thursday, November 20th at approximately 4:00 PM Sale Location: Online and at the property Property Tours: Thursday, November 13th from 3:00-4:00 PM & Wednesday, November 19th from 3:00-4:00 PM   Why You’ll Love It Prime Location: Just steps from VCU and minutes to Richmond’s most popular parks, restaurants, and attractions — the perfect mix of convenience and lifestyle. Income Potential: With rental demand, this property offers immediate cash flow and long-term investment security Value-Add Opportunity: The partially renovated condition allows buyers to add their own updates and quickly increase equity. Versatile Use: Ideal for student housing, short-term rentals, or a live-in landlord setup — multiple income strategies in one property. Historic Charm, Urban Energy: Enjoy the character of Richmond’s Wallace Manor neighborhood with the vibrancy of city living all around you   Why Richmond City? Historic Charm – Cobblestone streets, historic districts, and preserved architecture give the city a unique character Thriving Job Market – Opportunities in finance, healthcare, government, technology, and education, with several Fortune 500 companies headquartered nearby Cultural & Arts Scene – Home to the Virginia Museum of Fine Arts, the Science Museum of Virginia, theaters, live music venues, and festivals year-round Outdoor Lifestyle – Easy access to the James River Park System, kayaking, biking trails, and outdoor recreation right in the city Food & Beverage Hub – A nationally recognized restaurant and craft brewery scene with diverse dining options Education – Several universities and colleges, including Virginia Commonwealth University (VCU) and the University of Richmond Convenient Location – Centrally located in Virginia with easy access to Washington D.C., the Blue Ridge Mountains, and Virginia Beach Vibrant Neighborhoods – From historic Fan District homes to modern Shockoe Bottom lofts, there’s something for every lifestyle Click here to learn more about Richmond City!   Ideal For Investors – Seeking turnkey rental income with potential for value-add updates Owner-Occupant Investors – Live in one unit while renting the others for supplemental income Student Housing Investors – Close proximity to VCU makes it ideal for student rentals Long-Term Portfolio Builders – Buyers looking for appreciation and steady cash flow in a high-demand area Urban Lifestyle Buyers – Those wanting convenient access to parks, dining, and city amenities   Auction Term Highlights and Bidder Requirements Auction Term Highlights Buyer’s Premium: A 10% buyer’s premium will be added to the highest bid to determine the purchase price Deposit: An initial deposit of $5,000 required for bidder registration and payable at time of sale. The balance of the 10% Buyer’s Premium is due within 3 business days following the sale completion Settlement: Settlement must occur within 60 days of the sale. Time is of the essence Online Registration Deadline: Online registration must occur no later than 24 hours prior to the auction start time Online Bidders All bidders MUST register and submit the initial deposit no later than 24 hours prior to the sale start time via wire transfer All required documentation must be fully completed and submitted before bidding privileges are approved Live Bidders Registration will be available on the day of the auction, please make sure to arrive early to complete your registration A cashier’s check payable to yourself or Motleys is required at check-in for registration All participants must complete the registration form to receive bidding approval   Important to Note All sales are AS-IS, WHERE-IS and WITH ALL FAULTS All bidders are encouraged to conduct their own due diligence regarding the property prior to bidding   Call Carly Hancock at 804-335-9994 or chancock@motleys.com