1902 3rd Avenue, Richmond, VA 23222

Property Description

ONLINE AUCTION: 1902 N 3rd Street is a rare opportunity to restore a large historic home in one of Richmond's steadily growing Northside neighborhoods. Offering approximately 2,868 square feet on a generous 9,099-square-foot lot, this property gives the next owner the size, footprint, and flexibility that is getting harder to find in the city. With a true three-level layout, including finished 3rd-floor space, the home offers substantial potential for the right investor, contractor, or buyer with vision. This property is in distressed condition and is being sold as a full renovation project. On 5/19/2026 a burst pipe caused a severe Category 3 water event that migrated from the second floor through the first, adding to water damage the home sustained years prior. Ceilings and walls on both levels have failed and are open to the framing, hardwood floors are buckled, carpet and pad are contaminated, and microbial growth is present throughout. Interior doors, trim, and cabinetry are affected. The home is currently uninhabitable and will require remediation plus full drywall, insulation, flooring, and finish replacement. Multiple remediation and rebuild quotes from Servpro and other contractors have been obtained and will be shared as needed. Photos reflect a home in rough shape throughout; buyers should expect significant repairs across the property. What makes this opportunity compelling is that the home has already shown what it can become. Previously renovated and sold in 2021, it is a strong reminder of the potential here with the right plan, budget, and execution. The square footage, three finished levels, lot size, and historic character create a solid foundation for a transformational project. Located in Northside, an area seeing ongoing reinvestment and rising interest from buyers and investors, 1902 N 3rd Street is the chance to bring a sizable Richmond home back to life in a neighborhood where restored properties stand out. Sold strictly as-is, where is. Inspection for informational purposes only.