Two-Unit Duplex with Hardwood
For Sale
$455,000
220 W Marshall St, Richmond, VA 23220
Updated kitchens connect to living rooms in functional residential layouts.
Property Size2,022 SF
Price / SF$225.02
Days on Market75
Property Features for 220 W Marshall St
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Multi-Family
Site & Location
Neighborhood
Mnwd
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Snipes Properties
Listed By:
Timea Harisova · License #0225196582
(804) 240-1120
Source:
Ruckartre
Added: Aug 18
Changed: Oct 25
Last Checked: Oct 7 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Snipes Properties
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Investment Insights
Based on property information with market context.
This two-unit duplex at 220 W Marshall St contains 2,022 square feet and includes two residences, each with two bedrooms and one bathroom. Both units feature updated kitchens arranged alongside the living areas, generously sized bedrooms, and hardwood flooring. Classic architectural details add character to the building while the floor plans support everyday residential use.
The property is located in Richmond’s Jackson Ward neighborhood, near Virginia Commonwealth University, Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers. The layout also supports an owner-occupant arrangement, with the ability to live in one unit while renting the other.
The property is located in Richmond’s Jackson Ward neighborhood, near Virginia Commonwealth University, Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers. The layout also supports an owner-occupant arrangement, with the ability to live in one unit while renting the other.
Key Highlights
- Two‑unit duplex with 2,022 square feet
- Two 2‑bedroom, 1‑bath units
- Updated kitchens connected to living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,680
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,600
$533.6K
Cap Rate 7%
$381,143
$381.1K
Cap Rate 9%
$296,444
$296.4K
Market Conditions
NOI Build-Up for 2,022 SF
Gross rent
$40.8K $20.16/SF
− Vacancy
−$2.6K −$1.31/SF
EGI
$38.1K $18.85/SF
− OpEx
−$11.4K −$5.65/SF
NOI
$26.7K $13.19/SF
Area
Richmond, VA
Vacancy
6.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,600
Cap Rate 7%
$381,143
Cap Rate 9%
$296,444
Alternative Uses
Best Use
Multifamily LT 5
$381.1K
$333.5K – $444.7K
NOI $26,680 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$357.8K
$313.1K – $417.5K
NOI $25,049 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$467.1K
$408.8K – $545.0K
NOI $32,700 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,611
Businesses Nearby
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Business Placement
Demographics for 23220, VA
36,942
Population
16,561
Households
2.2
Avg Household Size
27
Median Age
59%
College-Educated
94%
High-School Grad
4.8 sq mi
ZIP Area
7,696
Density / Sq Mi
$56,681
Median Household Income
$33,249
Median Earnings
$1,354
Median Rent
$468,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens connect to living rooms in functional residential layouts.
Where is this duplex located?
The property is located at 220 W Marshall St Richmond, VA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,022 square feet; Two 2‑bedroom, 1‑bath units; Updated kitchens connected to living areas
