5732 Spruance Road
About This Property
This charming 2-bedroom, 1-bath home is currently undergoing a full renovation and will soon showcase crisp finishes and thoughtful upgrades throughout. Once complete, the interior will feel bright and refreshed, featuring a seamless flow between the living and dining areas, an updated kitchen with quartz countertops and stainless steel appliances, and beautifully refinished hardwood floors that bring warmth and character to the space.
Set on a generous lot, the property boasts a spacious front and backyard for even more flexibility.
Located in Richmond's established Westover neighborhood, you're just minutes from Powhite Park and the Powhite Park–Greenvale Trailhead, as well as Forest Hill Park and Reedy Creek Park along the James River. Everyday essentials, local restaurants, and shopping are nearby along Jahnke Road and Forest Hill Avenue, with quick access to Powhite Parkway (Route 76), Midlothian Turnpike (Route 60), and I-95 for an easy commute to downtown Richmond and beyond.
With renovations nearing completion, this soon-to-be pristine and updated home offers an outstanding opportunity for a buyer looking for modern comfort, outdoor space, and a convenient location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 3, 2026 | Listed by EXP Realty, LLC | $250,000 | |
| Listed by EXP Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017