2608 E Marshall St - Apartments FOR SALE


Richmond, VA 23223- Church Hill
$475,000 USD
804-307-4060
2608 E Marshall St, Richmond, VA for Sale
$475,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

2608 E Marshall St
Richmond, VA 23223
Church Hill


HIGHLIGHTS

  • Modern updates
  • Airbnb - strong seasonal growth
  • Flexible opportunity short term rental or owner-occupant
  • 1,380 SF - 2 BD/ 1 BA

OVERVIEW

Rare 1814 Snyder Homestead blending historic Richmond character, modern updates, and proven Airbnb income in the heart of Church Hill. Positioned in the heart of Richmond’s historic Church Hill neighborhood, 2608 E. Marshall Street presents a rare opportunity to acquire one of the area’s earliest surviving residences. Originally constructed in 1814 as the neighboring church’s parish house, the historic Snyder Homestead blends timeless architectural character with modern functionality and income producing potential. The approximately 1,380 SF residence features recent improvements including a newly renovated kitchen and bathroom, while the unfinished basement offers additional storage or future expansion potential. Currently operating as a successful Airbnb, the property benefits from Church Hill’s strong tourism appeal, walkability, and proximity to downtown Richmond, VCU Medical Center, Libby Hill Park, acclaimed restaurants, and neighborhood retail amenities. The property offers exceptional flexibility for a variety of buyers. Investors can continue operating the home as a short-term rental with an established operating history and growing revenue trends, while owner-occupants have the opportunity to own a truly historic residence in one of Richmond’s most desirable urban neighborhoods. Few properties combine this level of historic significance, modern updates, and income potential within Church Hill’s tightly held residential market. Airbnb Performance Overview The property has demonstrated encouraging short-term rental performance with clear momentum entering 2026. From August through December 2025, the home generated approximately $12,438 in gross Airbnb revenue across 84 booked nights with an average stay of 3.7 nights. Performance has accelerated further in 2026. Between January 1 and May 11, 2026, the property generated approximately $10,786 in gross earnings and over $10,345 in net payouts, with 70 booked nights and an average stay of 3.5 nights. Monthly revenue show strong seasonal growth heading into spring: -January 2026: $1,245 gross -February 2026: $2,052 gross -March 2026: $3,560 gross -April 2026: $3,070 gross The steady increase in bookings and revenue reflects growing traction for the property as a short-term rental and highlights the strength of Church Hill as a destination for visitors seeking historic Richmond accommodations.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

1

PRICE/UNIT

$475,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Investment & Owner-Occupant Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1850

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

R-63 MULTI

APN/PARCEL ID

E000-0436-021

ASK ABOUT THIS PROPERTY

Justin SleddOne South CommercialMore Info
804-307-4060

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

Justin SleddOne South CommercialMore Info
804-307-4060

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