3503 E Marshall Street, Richmond, VA 23223
MULTI_FAMILY - Colonial - Richmond, VA
- Added:
- Jun 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 9 at 7:06 pm
Property Features for 3503 E Marshall Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Patio and Porch features
- Porch
- Appliances
- GasWaterHeater
- Standard status
- Active
- APN
- E000-1118-031
- Size
- 2,110 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 0020.70X0138.24 IRG0000.117 AC
- Tax Annual Amount
- 4104
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1913
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Drywall, Frame, WoodSiding
- Roof type
- Composition
- Architectural style
- Colonial
Listing agent Whit Brooks License #0225205504 (804) 387-1654
Listing office Town & Country Sales and Mgmt 9021 Forest Hill Ave., Ste 2A, Richmond, VA (804) 282-1515
Listing date Jun 8, 2026
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
- Historic Church Hill preserved duplex with original wood siding and original wood floors
- New roof system installed in 2025
- Windows installed around 2017
- Upstairs unit is vacant, offering owner‑occupant or renovation potential
- Public water and public sewer
- Gas water heater; composition roof; porch; on‑street parking
Overview
Located at 3503 E Marshall Street in Richmond City, the property sits on a small lot measuring 0.117 acres. It is listed as a duplex/residential income asset with a total size of 2,110 square feet.
For a tenant or buyer, the vacant upstairs unit can support an owner-occupant strategy or a hands-on renovation plan. With preserved interior finishes and documented exterior updates through the roof and window replacements, the duplex may appeal to those looking to balance character with practical improvements. The property’s duplex layout also provides an opportunity to plan occupancy and upgrades unit by unit.
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 | $42.5k | $20.16 |
| − Vacancy | −$2.8k | −$1.31 |
| EGI | $39.8k | $18.85 |
| − OpEx | −$11.9k | −$5.65 |
| NOI | $27.8k | $13.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Richmond City
- State
- Virginia
- Longitude
- -77.409002
- Latitude
- 37.526772
