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2218/2220 M St, Richmond, VA, 23223

5beds
4baths
2,943sqft
$749,000
$255price/sqft
$4,937/moest. monthly cost
$197,480/yrincome needed

About This Home

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.

Getting Around

56
WalkingSomewhat Walkable
40
TransitSome Transit
43
BikeSomewhat Bikeable

Schools

3/10
2/10
Armstrong High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1910

Materials

  • Roof: Composition,Flat
  • Construction materials: Frame,HardiPlank Type,Wood Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial,Row House,Two Story
  • Property subType: Townhouse,Duplex,Multi Family,Multi Family,Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4

Features

  • Attic: None

Interior Area

  • Total interior livable area: 2,943 sqft

Property

Details

  • Parcel number: E0000331053
  • Zoning description: R-63

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 3,075 sqft