312 N Shields Avenue
Richmond, VA 23220
$795,000 - The Fan
An income-producing duplex in the heart of Richmond’s Fan District, 312 N. Shields Avenue offers 2,772 square feet, two currently rented units, off-street parking, and flexibility for both investors and future owner-occupants.
The first-floor unit features two bedrooms and one full bath, while the second-floor unit offers two bedrooms and one-and-a-half baths. Each unit has its own rear deck, providing valuable private outdoor space, and the property includes two off-street parking spaces—an important feature in this popular city neighborhood.
The property has been well maintained, with work receipts and documentation available. Significant recent improvements include a new roof in 2021 and replacement of the HVAC system serving Unit 1 in 2026.
Located on N. Shields Avenue in The Fan, the property is convenient to neighborhood restaurants, an elementary school, public transportation, and the shops, dining, and everyday amenities found throughout The Fan and surrounding neighborhoods.
With both units currently occupied and producing rental income, this property provides several possibilities for its next owner. It can continue as an established investment property, may be an option for a buyer completing a 1031 exchange, or could eventually provide an opportunity to occupy one unit while generating rental income from the other.
For an investor looking for a well-maintained multifamily property in one of Richmond’s most established neighborhoods—or a buyer interested in the flexibility that a duplex can provide—312 N. Shields Avenue deserves a closer look.
| Listing Id: | 2625851 |
|---|---|
| List Price: | $795,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex |
| Status: | Active |
| Living Area: | 2,772 |
| Tax Annual Amount: | $8,820 |
| Lot Size Acres: | 0.0581 |
| Architectural Style: | RowHouse,TwoStory |
| Waterfront?: | No |
| City: | Richmond |
| City Region: | The Fan |
| Postal Code: | 23220 |
| Year Built: | 1909 |
| Number Of Units Total: | 2 |
| Appliances: | GasWaterHeater |
| Basement: | DirtFloor |
| Basement Yn: | Yes |
| Construction Materials: | Brick, Mixed |
| Directions: | W on Grove, R on Shields, between Hanover and Stuart |
| Elementary School: | Fox |
| Fencing: | None |
| High School: | Thomas Jefferson |
| Interior Features: | CeilingFans, DiningArea, DoubleVanity, GraniteCounters, HighCeilings, Pantry |
| Levels: | Two |
| Listing Agreement: | ExclusiveRightToSell |
| Lot Size Area: | 0.0581 |
| Lot Size Units: | Acres |
| Middle Or Junior School: | Dogwood |
| MLS Area Major: | 10 - Richmond |
| Original List Price: | $795,000 |
| Ownership: | Individuals |
| Ownership Type: | SoleProprietor |
| Parcel Number: | W000-1002-015 |
| Parking Features: | OffStreet |
| Patio And Porch Features: | Deck |
| Postal Code Plus4: | 3436 |
| Roof: | Flat, Rubber |
| Sewer: | PublicSewer |
| State Or Province: | VA |
| Stories: | 2 |
| Stories Total: | 2 |
| Tax Assessed Value: | $774,000 |
| Tax Year: | 2025 |
| Water Source: | Public |
| Year Built Details: | Historic |
| Zoning Description: | R-6 |
| Property Sub Type Additional: | Duplex |
| County Or Parish: | Richmond City |
| Below Grade Unfinished Area: | 336.0 |
| Water Heater: | Gas |
| Country Subdivision: | 51760 |
| Record Signature: | -1,303,417,704 |
| Universal Parcel Id: | urn:reso:upi:2.0:US:51760:W000-1002-015 |
Listing Courtesy of: Two Dog Realty
(804) 370-1210
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All or a portion of the multiple Listing information is provided by the Central Virginia Regional MLS, from a copyrighted compilation of Listings. All Central Virginia Regional MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional MLS. All rights reserved.
Central Virginia Regional MLS data last updated on October 08, 2026 06:06 PM - ET
Property Last Updated: October 08, 2026 06:06 PM - ET
