10 - Richmond Homes under $500,000

10 - Richmond Homes under $500,000

Welcome to Richmond, Virginia, a vibrant city steeped in history and brimming with charm! Nestled in the heart of Richmond City, this dynamic urban center offers an eclectic mix of culture, cuisine, and community spirit. Known for its rich Civil War history and beautiful architecture, Richmond is a place where past and present beautifully intertwine.

For homebuyers seeking value without sacrificing quality, Richmond is an ideal destination. With a variety of homes available for under $500,000, you can find the perfect residence that suits your lifestyle and budget. From charming historic homes with unique character to modern townhouses in lively neighborhoods, the options are plentiful. Families, young professionals, and retirees alike will find a welcoming community that caters to diverse needs and tastes.

Richmond boasts a thriving arts scene, with numerous galleries, theaters, and live music venues that keep the city buzzing with creativity. Outdoors enthusiasts will appreciate the stunning parks and riverfront spaces, perfect for leisurely strolls, picnics, or outdoor sports. The city’s culinary landscape is equally impressive, featuring a wide range of restaurants that showcase everything from Southern comfort food to innovative international cuisine.

Moreover, Richmond’s strategic location provides easy access to both the mountains and the coast, making weekend getaways a breeze. With its rich heritage, diverse neighborhoods, and affordable housing options, Richmond is not just a place to live; it’s a place to thrive. Discover your dream home in this enchanting city today!

Newest 10 - Richmond Homes under $500,000

6 N 6th Street Unit U3C, Richmond
$280,000
2 Beds ⋅ 2 Baths ⋅ CVR-2628825 MLS
Get ready to experience city living. It's all about location! location and location. Discover the perfect blend of comfort and convenience in this beautiful apartment in the heart of Richmond VA. 2 bedrooms and 2 bathrooms featuring 9' ceiling, stylish LVP flooring, fresh paint, modern window treatments, electric fireplace, stack washer and dryer, recessed lights and many more. This condo situated near all the attractions, you'll have the city all at your fingertips. Don't miss the chance to own this charming and move-in ready condo. Wifi is included in the home owner isurance.

6 N 6th Street Unit U3C, Richmond
1716 Summit Avenue Unit 2, Richmond
$404,900
2 Beds ⋅ 2 Baths ⋅ CVR-2628844 MLS
Set within one of Scott’s Addition’s most distinctive historic buildings, this striking 2 bedroom, 2 bath flat at Hook & Ladder Lofts offers 1,291 square feet of character filled, one level living. Originally home to Baker Equipment, a renowned builder of commercial vehicles and early fire engines, the building has been thoughtfully restored to preserve its industrial character while delivering the modern finishes and systems today’s buyers expect. Inside Loft 2, soaring ceilings, abundant exterior windows, and rich hardwood floors create a bright and inviting living space filled with natural light. The open concept layout is both functional and comfortable, featuring two well proportioned bedrooms, a sleek updated kitchen, and well designed baths. Extensive upgrades include new electrical service, energy efficient lighting, and all new interior finishes. The exterior has been fully revitalized with a new roof, reglazed windows, freshly pointed brickwork, and enhanced lighting. A preserved original hook from the building’s industrial past remains as a subtle nod to its legacy. This is a rare opportunity to own a true loft with authentic history and modern comfort in one of Richmond’s most sought after neighborhoods. Schedule your private showing today.

1716 Summit Avenue Unit 2, Richmond
1517 N 22nd Street, Richmond
$419,900
CVR-2628830 MLS
Investment Opportunity in Historic Church Hill! Welcome to 1517 N 22nd Street, a duplex offering versatility and potential in one of Richmond’s most sought-after historic neighborhoods. This income-producing property features two separate units, making it an appealing opportunity for investors, house hackers, or buyers looking to build long-term real estate value. Unit A features 2 bedrooms and 1 full bathroom in approximately 1300 sq ft, while Unit B offers 3 bedrooms and 1 full bathroom in approximately 1500 sq ft. With two distinct living spaces, this property provides flexibility for rental income, owner-occupancy with supplemental income, or a potential value-add investment, depending on your plans. Located in the heart of historic Church Hill, the property offers convenient access to neighborhood restaurants, local shops, parks, downtown Richmond, and major commuter routes. Enjoy the character and charm of an established Richmond neighborhood with nearby dining, recreation, and city conveniences. Whether you’re expanding your investment portfolio, exploring a multi-unit property, or seeking an opportunity to add value in a desirable location, 1517 N 22nd Street presents exciting possibilities. $20,000 in improvements were recently completed.

1517 N 22nd Street, Richmond
1512 N 23rd Street, Richmond
$130,000
3 Beds ⋅ 1 Baths ⋅ CVR-2628231 MLS
Enjoy this opportunity to renovate this historic home and bring it back to its former glory. Boasting heart pine floors throughout, original doors and trim, 10' ceilings down stairs and 9' ceilings upstairs. This would be a good opportunity to do a tax credit renovation. This is a full gut renovation, all systems need to be replaced. Property is sold as is where is. 1510 N 23rd St is also being sold.

1512 N 23rd Street, Richmond
602 N 39th Street, Richmond
$285,000
3 Beds ⋅ 1 Baths ⋅ CVR-2628786 MLS
BEAUTIFUL BRICK COLONIAL perched high on a hill in the heart of Chimborazo. This charming home features three upper-level bedrooms and a full bath, with gleaming hardwood floors throughout. A wood-burning fireplace anchors the inviting living room and creates a warm focal point for the main-level living and entertaining spaces. The spacious dining area flows into the kitchen, featuring gas cooking and stainless steel appliances. Step outside to an expansive rear yard with alley access and plenty of potential for future off-street parking. A BRAND NEW central air conditioning unit adds comfort and convenience. Tour today and don't miss the wonderful opportunity to make this beautiful home your own.

602 N 39th Street, Richmond
1006 Nelson Street, Richmond
$299,999
4 Beds ⋅ 1 Baths ⋅ CVR-2628744 MLS
Opportunity Awaits at 1006 Nelson Street in Richmond’s Fulton Hill Neighborhood! Full of character and possibilities, this charming brick Cape Cod offers the perfect canvas to create something special! Featuring 3 bedrooms with the potential for a 4th, this home offers a flexible floor plan, spacious living areas, and original hardwood floors throughout the first floor with LVP upstairs. Enjoy the charm of the front porch, offering an inviting space to unwind, entertain, or simply enjoy the outdoors. The fenced backyard provides a private setting for gardening, pets, or gatherings. The big-ticket improvements are already in place! Updates include a renovated Kitchen, newer Roof, Gas furnace, HVAC system, hotwater tank, new windows and fresh interior paint throughout. With its classic brick exterior and timeless appeal, this property offers an exciting opportunity for buyers ready to add their personal touches and make it their own. Whether you're looking for a place to call home or a property with renovation potential, the possibilities are worth exploring. Nestled in Richmond’s established Fulton Hill neighborhood, this home offers convenient access to local dining, breweries, neighborhood amenities, and everything Richmond’s East End has to offer. A solid home with character, valuable updates, and room to make it your own—come discover the potential of 1006 Nelson Street!

1006 Nelson Street, Richmond
324 Hunt Avenue, Richmond
$259,950
2 Beds ⋅ 1 Baths ⋅ CVR-2628755 MLS
Get ready to fall in love with this beautifully revitalized home, where classic charm meets modern comfort! Extensively renovated from the inside out, this move-in-ready gem features brand-new flooring, windows, walls, ceilings, fresh paint, cabinetry, interior and exterior doors, ALL new appliances, and a beautifully updated bathroom. The upgrades don't stop there! Enjoy peace of mind with a brand-new HVAC system and hot water heater, plus newly rebuilt front and back porches. The fully screened back porch offers the perfect spot to relax, entertain, and enjoy the outdoors in comfort! From the stylish finishes to the major system upgrades, this home delivers a fresh start without the renovation headaches. Whether you're a first-time buyer or simply searching for a turnkey home, this incredible transformation is one you won't want to miss! Fresh, modern, extensively updated, and ready for its next chapter. Come see it for yourself!

324 Hunt Avenue, Richmond
3521 Hanover Avenue Unit B, Richmond
$299,950
1 Beds ⋅ 1 Baths ⋅ CVR-2628528 MLS
Enjoy living in Richmond’s sought-after Museum District! Just a short walk from Carytown’s shops, restaurants, and entertainment, this charming first-floor condo offers the perfect blend of comfort, style, and convenience. Featuring 1 bedroom, 1 full bath, and +/-655 square feet, this inviting home has been beautifully updated with new luxury vinyl plank flooring throughout and modern light fixtures. The updated kitchen features quartz countertops, all-new stainless steel appliances, gas cooking, and shaker-style cabinetry with soft-close doors. The kitchen opens to the dining and living areas, creating a bright and welcoming space perfect for everyday living or entertaining. Two mini-split systems provide efficient heating and cooling for year-round comfort. A side door leads to a convenient stoop, while the shared backyard and green space provide additional space to enjoy the outdoors. Off-street parking is available, along with nearby street parking. Located just minutes from the Virginia Museum of Fine Arts, downtown Richmond, VCU, and major highways, this condo puts some of Richmond’s best attractions and conveniences within easy reach. Don’t miss this wonderful opportunity to enjoy low-maintenance living in one of Richmond’s most loved neighborhoods!

3521 Hanover Avenue Unit B, Richmond
5429 Blueridge Avenue, Richmond
$248,000
3 Beds ⋅ 1 Baths ⋅ CVR-2628655 MLS
Welcome to this charming 3-bedroom rancher offering beautiful updates and convenience to one of Richmond's prime areas! Step inside to discover a freshly painted interior, brand-new luxury vinyl plank flooring throughout, and an updated kitchen featuring new cabinetry, quartz countertops and all-new appliances. Enjoy added comfort and peace of mind with a brand-new HVAC system! Outside offers a spacious fenced in backyard. LOCATION, LOCATION, LOCATION! Situated approximately 1.5 miles from the vibrant Rocketts Landing waterfront, you'll love having waterfront dining, scenic walking trails, and the James River just minutes away! Enjoy convenient access to downtown Richmond, historic Church Hill, shopping, restaurants, entertainment, and major highways. Whether you're a first-time homebuyer, looking to downsize, or searching for a great investment opportunity, this home offers the perfect combination peace of mind updates, affordability, and an excellent location. Don't miss your opportunity to make it yours!

5429 Blueridge Avenue, Richmond
1502 N 19th Street, Richmond
$289,950
3 Beds ⋅ 3 Baths ⋅ CVR-2628470 MLS
Adorable cottage style Home! 1 story, 3 bedroom, 2.5 bath includes a low-maintenance exterior with Hardiplank siding, thermal windows, a covered front porch and a large concrete patio within the privacy fenced rear yard with off-street parking to the rear! The open floor plan has 9' ceilings, hardwood floors & features a gorgeous kitchen with custom cabinets, granite countertops, SS appliances & a pantry! 3 bedrooms with Hardwood Floors! The Primary has a private bath and walk-in closet. Separate laundry room with washer & dryer! Half Bath with tile floor!

1502 N 19th Street, Richmond
421 S Allen Avenue, Richmond
$295,000
2 Beds ⋅ 1 Baths ⋅ CVR-2628580 MLS
Discover the charm of city living at 421 S Allen Ave! This cozy 2-bedroom, 1-bath cottage is tucked into Richmond’s desirable Randolph neighborhood, offering an unbeatable location at an affordable price point. Enjoy walkable access to some of Richmond’s favorite destinations, including Maymont, Byrd Park, VCU, Hollywood Cemetery, Texas Beach, and the Fan’s popular bars and restaurants. Designed for low-maintenance living, this home features major updates completed in 2010, newer LVP flooring, and new front doors. The IKEA bedroom closet systems convey, providing convenient, built-in storage to make the most of the space. Whether you’re a first-time homebuyer, looking to downsize, or searching for a place close to Richmond’s parks, dining, and city life, this charming cottage is full of opportunity.

421 S Allen Avenue, Richmond
3338 Parkwood Avenue, Richmond
$475,000
2 Beds ⋅ 2 Baths ⋅ CVR-2628390 MLS
Backing right up to Carytown, this wonderful row house with a detached brick garage is city living at it's best. From the covered front porch and cute front garden, you're greeted to a bright and cheery updated home. Freshly painted for the new owner, this house is totally turn key. The large kitchen opens to the large eat in dining space with reclaimed wood wall. Loads of kitchen storage and gas cooking. Downstairs half bath off of the kitchen and full laundry in the rear mudroom for convenience. Out back the brick patio leads you to the detached garage with additional shed storage. Upstairs you will find two larger bedrooms and one traditional trunk room that makes a perfect home office. The classic claw foot tub completes the property in the upstairs hall bath. Central heating and air, newer porch roof, fresh paint inside and in the rear. Replacement windows and stunning hardwood floors. Won't last long!

3338 Parkwood Avenue, Richmond
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