




2218/2220 M St, Richmond, VA, 23223
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
Schools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
No climate risk data available.
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,787 | $45,444 |
| Home Insurance * | $306 | $3,672 |
| Property Taxes | $561 | $6,732 |
| Electricity | $283 | $3,401 |
| Total | $4,937 | $59,244 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Listed for sale | $749,000 |
| 2023-09-19 | Sold | $630,000 |
| 2023-08-18 | Pending sale | $639,999 |
| 2023-08-15 | Price change | $639,999 |
| 2023-08-07 | Price change | $654,999 |
| 2023-07-24 | Price change | $674,999 |
| 2023-07-10 | Price change | $699,999 |
| 2023-07-07 | Listed for sale | $724,999 |
| 2022-09-23 | Sold | $300,000 |
| 2022-08-19 | Pending sale | $329,000 |
| 2022-06-28 | Price change | $329,000 |
| 2022-06-14 | Listed for sale | $345,000 |
