Duplex With Two Two-Bedroom
220 W Marshall Street Richmond, VA 23220
220 W Marshall Street, Richmond, VA, 23220
$480,000
For Sale
$480,000
TOWNHOME - Other - Richmond, VA
Property Size2,022 SF
Lot Size0.03 Acres
Price / SF$237.39
Days on Market9
Property Features for 220 W Marshall Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Parking features
- On Street, Garage
- Patio and Porch features
- Porch
- Interior features
- EatInKitchen, Fireplace, GraniteCounters, HighCeilings, KitchenIsland, CableTv, WindowTreatments
- Fireplace
- 1
- Appliances
- ElectricWaterHeater, WaterHeater
- Standard status
- Active
- APN
- N000-0150-035
- Size
- 2,022 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 00016.71X0076.00 000.029 AC
- Tax Annual Amount
- 5304
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Drywall
- Roof type
- Rubber, Flat
- Architectural style
- Other
Listing Agency
Snipes Properties
(804) 234-3373
2128 W Cary Street, Richmond, VA
Listed by
Timea Harisova · License #0225196582
(804) 240-1120
Added: Jul 9 Checked: Jul 17 at 9:06 pm
MLS# 2618774
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.
Investment Insights
Based on property information with market context.
This well-maintained duplex offers two separate units, each with two bedrooms and one bathroom. Both units feature updated kitchens that open to the living room, generously sized bedrooms, and hardwood flooring throughout. The property’s classic architectural character is paired with functional layouts intended for everyday living.
Located in Richmond City within the Jackson Ward neighborhood at 220 W Marshall Street, the property is described as being near major employers and local destinations, including Virginia Commonwealth University (VCU), Downtown Richmond, the Arts District, and dining, breweries, and shopping.
As a two-unit residential income property, the duplex provides flexible occupancy options, including the ability to live in one unit while renting the other, based on the configuration described.
Located in Richmond City within the Jackson Ward neighborhood at 220 W Marshall Street, the property is described as being near major employers and local destinations, including Virginia Commonwealth University (VCU), Downtown Richmond, the Arts District, and dining, breweries, and shopping.
As a two-unit residential income property, the duplex provides flexible occupancy options, including the ability to live in one unit while renting the other, based on the configuration described.
Key Highlights
- Duplex built in 1910 on W Marshall Street in Richmond’s Jackson Ward neighborhood
- Two units: each has 2 bedrooms and 1 bathroom
- Updated kitchens in both units with granite counters and kitchen island
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 | $40.8k | $20.16 |
| − Vacancy | −$2.6k | −$1.31 |
| EGI | $38.1k | $18.85 |
| − OpEx | −$11.4k | −$5.65 |
| NOI | $26.7k | $13.19 |
2,022 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$381.1K
$333.5K – $444.7K
NOI $26,680 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$357.8K
$313.1K – $417.5K
NOI $25,049 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$467.1K
$408.8K – $545.0K
NOI $32,700 @ 7.0% cap · market cap 6.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Beeman’s Pay to Park
Parking Lot & Garage
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom, 1-bath units featuring updated kitchens and hardwood flooring.
Where is this duplex located?
The property is located at 220 W Marshall Street Richmond, VA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Duplex built in 1910 on W Marshall Street in Richmond’s Jackson Ward neighborhood; Two units: each has 2 bedrooms and 1 bathroom; Updated kitchens in both units with granite counters and kitchen island
