Historic Victorian Duplex Near
218 W Main Street, Richmond, VA 23220
- Added:
- Mar 4, 2026
- Days on Market:
- 91
- Last Refresh:
- Jun 3 at 2:06 am
Property Features for 218 W Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Patio and Porch features
- Porch
- Appliances
- ElectricWaterHeater, GasWaterHeater
- Standard status
- Pending
- APN
- W000-0146-020
- Size
- 2,494 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0021.00X0155.00 0000.000
- Tax Annual Amount
- 6732
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1891
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick
- Roof type
- Flat
- Architectural style
- Victorian
Listing agent Philip Innes License #0225188949 (804) 357-5371
Listing office RE/MAX Commonwealth 7201 Glen Forest Dr, Suite 104, Richmond, VA (804) 288-5000
Listing date Mar 4, 2026
MLS# 2605137
Listing URL
Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location directly across from VCU School of Business & Engineering, ensuring consistent occupancy and high rental demand.
- Historic Queen Anne Row duplex built in 1891, offering unique architectural character and curb appeal.
- Two separate units (front and rear) providing flexibility for owner‑occupancy (front unit available 6/1) or investment purposes.
- Each unit features two bedrooms, a full bath, and laundry, offering comfortable and convenient living spaces.
- Includes two off‑street paved parking spaces, a valuable amenity in a high‑density area.
- Victorian architectural style with brick construction, a porch, and a basement.
Overview
Located in historic Richmond, Virginia, across from the VCU campus, this duplex is part of the Queen Anne Row, constructed in 1891. The property showcases Victorian architecture, including turrets and window bays built with brick, stone, and wood. The duplex has a history of consistent occupancy, attributed to its location directly across the street from the VCU School of Business & Engineering buildings. The front unit, spanning two stories, includes a front hall, living room, dining room/kitchen, and rear access on the first floor. The second floor features two bedrooms, a full bath, laundry facilities, and a rear porch. The rear unit, also two stories, has an eat-in kitchen, den, and basement access on the first floor. The second floor contains two bedrooms, a full bath, and laundry. The property includes two paved parking spaces in the rear. The front unit will be available 6/1. The property is situated on a lot of 0.0747 acres and has a property size of 2494 square feet.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.3k | $20.16 |
| − Vacancy | −$3.3k | −$1.31 |
| EGI | $47.0k | $18.85 |
| − OpEx | −$14.1k | −$5.65 |
| NOI | $32.9k | $13.19 |
2,494 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$470.1K
$411.4K – $548.5K
NOI $32,908 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$441.4K
$386.2K – $515.0K
NOI $30,897 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$576.2K
$504.2K – $672.2K
NOI $40,334 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Nami Japanese Restaurant
Restaurant
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.446616
- Latitude
- 37.544765
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Charming Victorian duplex in Richmond, ideal for owner-occupants or investors.
Where is this duplex located?
The property is located at 218 W Main Street Richmond, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Prime location directly across from VCU School of Business & Engineering, ensuring consistent occupancy and high rental demand.; Historic Queen Anne Row duplex built in 1891, offering unique architectural character and curb appeal.; Two separate units (front and rear) providing flexibility for owner‑occupancy (front unit available 6/1) or investment purposes.
