2218-2220 M St - Multi-Family FOR SALE


Richmond, VA 23223- Union Hill
$749,000 USD
804-723-0446
2218-2220 M St, Richmond, VA for Sale
$749,000 USD
Multi-Family - FOR SALE
1/20
null | Request Cap Rate

2218-2220 M St
Richmond, VA 23223
Union Hill


HIGHLIGHTS

  • Fully renovated townhome style duplex
  • Potential for subdivision
  • Fully leased through summer 2027
  • Highly desirable walkable location
  • Off street parking or expansion potential

OVERVIEW

Located at 2218-2220 M Street in the heart of Richmond’s highly desirable Union Hill neighborhood, this fully renovated side-by-side duplex presents a rare opportunity to acquire a turnkey investment in one of the City’s strongest rental and resale markets. Encompassing approximately 2,943 square feet, the property features an attractive unit mix of one 2-bedroom, 2-bathroom residence and one 3-bedroom, 1.5-bathroom residence, both renovated to an exceptional standard back in 2022 with quality finishes and modern systems. Investors will appreciate the property’s strong in-place rental potential, while its oversized lot offers additional value through future expansion, accessory dwelling units, or potential redevelopment, subject to applicable approvals. The layout also presents a unique opportunity to subdivide and reintroduce the residences to the market as individual for-sale homes, creating multiple avenues for future appreciation and exit strategies. Positioned just steps from the vibrant intersection of 25th and M Streets, the property enjoys one of Union Hill’s most walkable and sought-after locations. Residents are within easy walking distance of neighborhood favorites including Sub Rosa Bakery, Union Market, Metzger, Kahlo’s Taqueria, and Fat Rabbit, while remaining just minutes from downtown Richmond, the MCV campus, and convenient I-95 and I-64 access. Whether purchased as a long-term hold, value-add investment, or future condominium or single-family conversion opportunity, 2218–2220 M Street offers a compelling combination of quality renovations, outstanding location, and long-term upside that is increasingly difficult to find in Richmond’s historic urban neighborhoods.

FOR SALE DETAILS

PRICE

$749,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

2

PRICE/UNIT

$374,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turn Key Union Hill Duplex For Sale

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

R-63

APN/PARCEL ID

E000-0331-053

ASK ABOUT THIS PROPERTY

Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

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Ann Schweitzer RileyOne South CommercialMore Info
804-723-0446

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.