20 - Richmond Homes under $500,000

20 - Richmond Homes under $500,000

Welcome to Richmond, Virginia—a vibrant city steeped in history, culture, and charm. Nestled along the banks of the James River, Richmond boasts a rich tapestry of experiences, from its historic architecture to its thriving arts scene. This dynamic city is a perfect blend of southern hospitality and modern urban living, making it an ideal place to call home.

If you're seeking an affordable entry into this captivating city, you're in luck! Richmond offers a variety of homes under $500,000, catering to diverse lifestyles and preferences. Whether you're a first-time homebuyer, a growing family, or someone looking to downsize, you'll find an array of options that fit your budget without compromising on quality or character.

Imagine settling into a cozy bungalow in the heart of the Fan District, where tree-lined streets are adorned with stunning historic homes, or perhaps a chic townhouse in the bustling Church Hill neighborhood, known for its breathtaking views and rich community spirit. With a range of styles—from traditional to contemporary—Richmond's real estate market is as diverse as its residents.

Beyond the homes, Richmond offers an abundance of amenities. Enjoy weekend strolls through the picturesque parks, indulge in the culinary delights of its acclaimed restaurants, or immerse yourself in the city's vibrant arts and music scene. With easy access to major highways and a well-connected public transport system, commuting is a breeze.

Richmond, VA, is more than just a place to live; it's a community waiting to welcome you home. Explore the possibilities today and discover your perfect space in this enchanting city!

Newest 20 - Richmond Homes under $500,000

6902 Three Chopt Road, Richmond
$445,000
3 Beds ⋅ 1 Baths ⋅ CVR-2628500 MLS
Welcome to 6902 Three Chopt Road in Richmond! This property offers a wonderful opportunity to make a space your own, Freshly painted throughout providing a refreshed feel. Conveniently located near shopping, dining, and everyday amenities, this property offers easy access to all that the Richmond area has to offer. Whether you’re looking for a place to call home or an investment opportunity, come explore the possibilities this property has to offer!

6902 Three Chopt Road, Richmond
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
45 E Lock Lane Unit U8, Richmond
$424,950
2 Beds ⋅ 2 Baths ⋅ CVR-2627273 MLS
Welcome to 45 E Lock Lane, Unit 8, a charming 2-bedroom, 2-bathroom end-unit condo in the heart of Richmond’s sought-after Near West End! Located in the desirable Lock Lane community, this light-filled residence offers approximately 1,039 square feet of comfortable living space, combining classic architectural character with the convenience of low-maintenance condominium living. Step inside to find hardwood floors, an inviting living room with windows on two sides, and an open layout that flows seamlessly into the kitchen and dining area. The kitchen features white cabinetry, granite countertops, stainless steel appliances, gas cooktop, and a breakfast bar, making it ideal for everyday living and entertaining. Both bedrooms are generously sized, including a spacious primary suite with two closets and a private full bathroom. A second bedroom offers flexibility for guests or a home office, while an additional full bathroom and in-unit laundry add everyday convenience. This unit specifically comes with extra privacy on the 3rd floor so you can enjoy your retreat. Outside, enjoy the beautifully landscaped grounds, mature trees, expansive green spaces, and classic brick architecture that make Lock Lane such a special community. Residents also enjoy access to a community swimming pool, fitness room, and off-street parking. Just minutes from the popular shops, restaurants, and cafés of Libbie & Grove, with convenient access to Carytown, the Museum District, and downtown Richmond, this location offers an exceptional combination of neighborhood charm and accessibility. Whether you’re searching for a primary residence, a convenient Richmond retreat, or a low-maintenance home in one of the city’s most desirable neighborhoods, 45 E Lock Lane #8 offers a wonderful opportunity!

45 E Lock Lane Unit U8, Richmond
5312 Marian Street, Richmond
$430,000
3 Beds ⋅ 2 Baths ⋅ CVR-2626894 MLS
Located in the Mary Munford Elementary district and between Willow Lawn and Libbie and Patterson, this updated 3-bedroom, 1.5-bath Richmond ranch combines a convenient location with easy one-level living. Fresh interior paint and hardwood floors throughout much of the home create a bright, move-in-ready feel. The refreshed kitchen features quartz countertops, a deep stainless steel sink, stainless steel appliances, and luxury vinyl flooring. And yes, the refrigerator, washer, and dryer convey! The primary bedroom includes a private half bath, while a full hall bath serves the home. Additional updates include fixtures and a bathroom vanity. The roof and HVAC are both approximately six years old. Step outside to a deck and backyard with space for cookouts, gardening, gatherings, or simply enjoying time outdoors. A storage shed provides extra room for tools, bikes, and outdoor equipment. Shopping, dining, groceries, and everyday conveniences are just steps away at Willow Lawn and Libbie and Patterson. With the Mary Munford Elementary district, one-level living, hardwood floors, fresh paint, an updated kitchen, outdoor space, and a walkable Richmond location, this home has plenty to offer. Schedule your private showing today.

5312 Marian Street, 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
6800 Three Chopt Road, Richmond
$489,900
3 Beds ⋅ 2 Baths ⋅ CVR-2623912 MLS
Great location! An excellent opportunity for investors or home buyers in one of Richmond’s most convenient Near West End locations. Located directly across from Bandy Field and just an easy walk to the University of Richmond, this 3-bedroom, 1.5-bath home in the College View subdivision offers 1,465 square feet of living space, a finished attic, and a spacious rear yard with room to explore a future addition or expansion. The home features three bedrooms, one full bath and one-half bath, HVAC, baseboard heat, and a Generac whole-house generator. The finished attic provides flexible additional space that could be used as a home office, studio, hobby room, or storage. Enjoy an exceptional location just minutes from the University of Richmond, Village Shopping Center, Toast Restaurant, CVS, Publix, Bandy Field, and an array of Near West End shopping, dining, services and interstate. Whether you’re looking for a home in a highly convenient location or a property with room to remodel, potentially expand, or rent, 6800 Three Chopt Road offers an excellent opportunity in Richmond’s Near West End. Plenty of room in the back yard for an addition. The sewage pipes underground were replaced in 2023.

6800 Three Chopt Road, Richmond
5621 Cary Street Road Unit U212, Richmond
$495,000
2 Beds ⋅ 1 Baths ⋅ CVR-2621659 MLS
Welcome to the Tuckahoe in the vibrant Libbie Grove neighborhood over looking the Country Club of Virginia. Everything is included in your monthly fee (except for internet) making living here a breeze. Designed by renowned architect, Duncan Lee, and built in the late 1920's in the Georgian and Colonial Revival styles, The Tuckahoe offers a lifestyle of turnkey, casual elegance and gracious living in the heart of Westhampton. Convenient dedicated parking directly leads to the secure building with marble floors, soaring ceilings, rich millwork and Palladian windows combining classic architecture with modern conveniences to great effect. Well appointed gathering rooms, light filled 6th floor solariums, and rooftop gardens with sweeping views offer endless opportunities for entertaining and repose. Boutique shopping including restaurants, markets, coffee houses, shops, clothing stores, banks, and more, are within mere blocks, enhancing the luxury living experience. An end unit with windows on three sides, #212 offers expansive views and abundant natural light, rooms of generous scale and craftsman touches throughout. A cheery foyer with large closet unfolds to the handsome gallery hall leading to the living spaces and bedrooms. Built-in bookcases grace the living room, original mouldings highlight the scale of the windows and doors, and a fresh neutral palette brings it all together. An elegant dining room flows into the efficient galley kitchen featuring a Fisher & Paykel glass top electric range with convection oven and warming drawer, Fisher & Paykel double drawer dishwasher, Kitchen Aid Refrigerator and GE microwave. A renovated Jack & Jill bathroom connects the airy bedrooms. Additional conveniences include secure storage and designated parking. The monthly fee covers all utilities including electricity with only the internet of your choice left to you. One flight up off the main floor, this unit is perfectly positioned within this perfectly beautiful building at Three Chopt and Cary. A must-see.

5621 Cary Street Road Unit U212, Richmond
4712 Radford Avenue, Richmond
$439,900
3 Beds ⋅ 1 Baths ⋅ CVR-2618854 MLS
Welcome to 4712 Radford Avenue! Nestled in Richmond's highly sought-after Monument Avenue Park neighborhood in the Near West End, this charming brick rancher offers the perfect blend of classic character and modern updates. Featuring 3 bedrooms and 1 full bath, this move-in ready home boasts hardwood floors throughout most of the home, new luxury vinyl plank flooring in the kitchen and dining room, fresh paint throughout, and an abundance of natural light. Enjoy peace of mind with major updates already completed, including a new HVAC system (2023), replacement windows (approximately 5 years old), and a roof that's approximately 5 years old. Step outside to a spacious, fully fenced backyard ideal for entertaining, gardening, pets, or simply relaxing. A detached shed provides additional storage for tools, lawn equipment, or seasonal items. Conveniently located in the highly desirable Near West End, you'll enjoy easy access to Scott's Addition, Willow Lawn, Downtown Richmond, major highways, parks, shopping, and dining.

4712 Radford Avenue, Richmond
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