Address
506 Highland Drive, Henrico, VA
Price
$ 369,900
Property Attributes
- MLS#2615321
- TypeIncome
- Listing Status Active
- CountyHenrico
- CityHenrico
- Area42 - Henrico
- NeighborhoodHighland Terrace
- Zip23075
- Style
- Year Built1947
- Taxes$ 2438
- Price$ 369,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1880
- Lot Size0.327 Acres
Data Source:
Central Virginia Regional MLS (CVRMLS)
Property Description
Welcome to 506 Highland Drive, a duplex offering incredible potential for investors or owner-occupants looking to build equity. Conveniently located just minutes from Richmond International Airport, major highways, shopping, dining, and downtown Richmond, this property features two separate units, each with private utilities and strong income-producing possibilities. The duplex offers approximately 1,880 square feet with multiple bedrooms and baths across both units, providing flexibility for rental income or multi-generational living. Situated on a spacious lot, this property presents a rare opportunity to renovate, customize, and maximize value in a growing area. Whether you're expanding your investment portfolio or searching for a property with long-term upside, 506 Highland Drive is full of potential and ready for your viewing.
| Elementary School | Middle School | High School |
|---|---|---|
| Fair Oaks Elementary School | Elko Middle School | Highland Springs High School |
| Price History | |
|---|---|
| 6/6/2026 | Listed $369,900 |
General Features
| Sewer | Public Sewer |
|---|---|
| Roof | Composition |
| Appliances | Electric Water Heater |
| Architectural Style | Two Story |
| Construction Materials | Block,Concrete,Vinyl Siding |
| Year Built | 1947 |
| Stories | 2 |
| Levels | Two |
| Property SubType | Duplex |
| Tax Year | 2025 |
| Percent Ownership | Individuals |
| County | Henrico |
| Property Type | Residential Income |
| Subdivision Name | Highland Terrace |
| Garage Y/N | false |
| Status | Active |
| High School | Highland Springs |
| Zoning Description | R4 |
| NumberOfUnitsTotal | 2 |
| MLS Area | 42 - Henrico |
| Lot Size Units | Acres |
| Waterfront Y/N | false |
| Elementary School | Fair Oaks |
| Year Built Details | Actual |
| Tax Annual Amount | 2438.54 |
| Middle/Junior High School | Elko |
| Days on Market | 17 |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Assessed Value | 298500 |
| Tax Lot | 20 |
| Ownership Type | Sole Proprietor |
| Property Sub Type Additional | Duplex |
Interior Features
| Total Stories | 2 |
|---|---|
| Basement (Y/N) | false |
Exterior Features
| Fencing | None |
|---|---|
| Water Source | Public |
| Lot Size Area | 0.327 |
| Lot Size Acres | 0.327 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 23075
Price
Taxes
Year Built
All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
All MLS listings are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All
