20 - Richmond Homes under $400,000

20 - Richmond Homes under $400,000

Welcome to Richmond, Virginia—a vibrant city steeped in history, culture, and Southern charm! Nestled along the banks of the James River, Richmond is not just the capital of Virginia; it’s a thriving hub of art, cuisine, and community spirit. With a rich tapestry of historical landmarks, parks, and modern amenities, Richmond offers a unique blend of old-world charm and contemporary living.

For those seeking a home in this dynamic city, Richmond presents an incredible opportunity with a variety of homes available for under $400,000. Whether you're a first-time homebuyer, a young family, or looking to downsize, you'll find a diverse selection of properties that cater to all lifestyles. From charming bungalows in historic neighborhoods to modern condos with stunning city views, the real estate market here is as diverse as its residents.

Richmond's neighborhoods each have their own unique character, from the bustling streets of Shockoe Bottom to the serene parks of the West End. Enjoy local farmers' markets, trendy cafes, and art galleries that reflect the city's creative spirit. With excellent schools, convenient public transportation, and a strong sense of community, Richmond is an ideal place to call home.

Explore the possibilities of homeownership in Richmond, where you can find quality homes at an affordable price. Experience the warmth of Southern hospitality, the excitement of urban living, and the beauty of nature—all within your reach in this charming Virginia city. Your dream home awaits in Richmond!

Newest 20 - Richmond Homes under $400,000

509 N Hamilton Street Unit J, Richmond
$310,000
2 Beds ⋅ 2 Baths ⋅ CVR-2625971 MLS
Welcome to Mount Vernon, one of Richmond’s most conveniently located condominium communities! Enjoy the legendary Mount Vernon pool and the pleasure of living just minutes from the restaurants, boutiques, and neighborhood favorites along Cary Street and Libbie & Grove. **Significant recent improvements** include a new gas furnace and central air (2022), thermal windows and sliding glass door (2022), walk-in shower (2022), dishwasher and refrigerator (2025), and storm door (2026). These  updates offer comfort, efficiency, and peace of mind! Freshly painted, too! The main level features a convenient half bath, kitchen with pass-through to the dedicated dining area, and a comfortable living room opening to your own private courtyard. Upstairs, you'll find two bedrooms and a full bath featuring a walk-in shower. An assigned parking space is just steps from your front door! **And here's something you'll love:** The monthly condo fee includes pool membership, gas cooking, gas heat, gas hot water, water, sewer, trash collection, snow removal, and common-area exterior maintenance. Your only separate utility expense is electricity! With easy access to the Fan, Museum District, Scott's Addition, Downtown Richmond, Powhite Parkway, Downtown Expressway, and I-64, Mount Vernon puts so much of Richmond right at your fingertips. People of all ages call Mount Vernon HOME. **Wouldn't you like to?**

509 N Hamilton Street Unit J, Richmond
4520 Grove Avenue Unit U5, Richmond
$399,950
3 Beds ⋅ 2 Baths ⋅ CVR-2627456 MLS
Welcome to 4520 Grove Avenue, Unit 5 - a spacious 3-bedroom, 2-bath, corner-unit condo offering 1,350 square feet of beautifully maintained, low-maintenance living in the heart of Richmond. Located directly across from Mary Munford Elementary and just minutes from Westhampton, Carytown, Scott’s Addition, The Fan, and the University of Richmond, this home puts some of the city’s favorite restaurants, shops, and conveniences right at your fingertips. Inside, you’ll find the flexible, open-concept floorplan - kitchen, living, and dining layout Hardwood floors, abundant natural light, and western and southern exposures shine throughout the whole unit. The updated kitchen features granite countertops, stainless steel appliances, gas cooking, bar seating, and updated cabinet hardware. The spacious primary suite offers a large custom closet and private ensuite bath, while two additional bedrooms feature custom closets. Major updates include a new Carrier HVAC system (2025), newer kitchen appliances including the range, dishwasher, and refrigerator (2023), energy-efficient vinyl windows, and a newer in-unit washer/dryer combo (2024). Enjoy truly low-maintenance living with exterior maintenance and several utilities handled through the condo association. Additional highlights include a deeded off-street parking space, basement storage, and an unbeatable Grove Avenue location. Quick close preferred.

4520 Grove Avenue Unit U5, Richmond
305 N Hamilton Street Unit C, Richmond
$319,500
2 Beds ⋅ 2 Baths ⋅ CVR-2626539 MLS
Are you seeking the ideal residence within the esteemed Mount Vernon Condominiums, strategically situated in close proximity to the Museum District and some of Richmond’s most renowned shopping, dining, and cultural landmarks? This home is conveniently located within walking distance of Carytown, home to some of the finest restaurants Richmond has to offer. This unit is comprised of two bedrooms, one and a half bathrooms, a well cabinet apportioned kitchen, and a bright living room with a dining area. Notably, new luxury vinyl plank (LVP) flooring has been installed in the first-floor main living area, while newly refinished hardwood flooring graces the second level. This home is move-in-ready. The first floor features a spacious kitchen with a pass-through area leading to the main living area, a half bath, and French doors that provide access to a patio oasis. The second level comprises two cozy bedrooms with hardwood floors, and the primary bathroom has undergone a complete remodel, featuring a tile walk-in shower, vanity, and fixtures. Monthly condominium fees encompass gas, water, sewer, trash service, snow removal, and exterior building maintenance. Residents are provided with one assigned parking space (with this unit having the convenient corner spot - no parallel parking needed!) and access to the beautiful private community pool.

305 N Hamilton Street Unit C, Richmond
47 E Lock Lane Unit U9, Richmond
$399,000
2 Beds ⋅ 2 Baths ⋅ CVR-2624756 MLS
Welcome to 47 E Lock Ln #9, a beautiful 2-bedroom, 2-bath condo near West End, where timeless character, modern updates, and low-maintenance living meet an exceptionally convenient location. Real oak hardwood floors flow throughout the living, dining, and bedroom areas, complemented by classic tile in the kitchen and baths. The stylish kitchen features granite countertops, custom cabinetry, stainless steel appliances, a gas range, and pantry cabinet, while the spacious dining room is accented with chair rail and crown molding and opens naturally to a bright, inviting living room. The light-filled corner primary bedroom offers a ceiling fan and private ensuite bath with a large shower, while the spacious second bedroom features a ceiling fan and sizable closet. A bonus storage nook and in-unit washer and dryer add everyday convenience. Enjoy a community pool, patio, lounge chairs, pergola, exercise space, and grilling and dining area, with water, sewer, garbage, exterior maintenance, lawn care, mulching, snow removal, and common-area cleaning included in the condo association. Just a short stroll to the shops, dining, and everyday conveniences of Libbie & Grove and Libbie & Patterson, with easy access to Carytown and destinations throughout Richmond, this move-in-ready condo offers an ideal blend of comfort, convenience, and carefree living.

47 E Lock Lane Unit U9, Richmond
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