Historic Duplex with Updated
For Sale
$455,000
222 W Marshall St, Richmond, VA 23220
Two residential units offer open kitchen-to-living layouts and hardwood flooring.
Property Size2,142 SF
Price / SF$212.42
Days on Market60
Property Features for 222 W Marshall St
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Snipes Properties
Listed By:
Timea Harisova · License #0225196582
(804) 240-1120
Source:
Ruckartre
Added: Aug 18
Changed: Oct 4
Last Checked: Oct 7 at 5:09PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1900, this 2,142-square-foot duplex contains two residential units, each with two bedrooms and one bathroom. Both units feature updated kitchens connected to their living rooms, generously sized bedrooms, hardwood flooring, and layouts suited to everyday occupancy. The property also retains classic architectural details associated with its historic construction.
Located in Richmond’s Jackson Ward neighborhood, the duplex is near Virginia Commonwealth University, Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers. Its two-unit configuration supports rental use or owner occupancy with a separate unit, as described in the property information.
Located in Richmond’s Jackson Ward neighborhood, the duplex is near Virginia Commonwealth University, Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers. Its two-unit configuration supports rental use or owner occupancy with a separate unit, as described in the property information.
Key Highlights
- 2,142 SF duplex built in 1900
- Two 2‑bedroom, 1‑bath units
- Updated kitchens open to living rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,263
Cap Rate
6.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$565,260
$565.3K
Cap Rate 7%
$403,757
$403.8K
Cap Rate 9%
$314,033
$314.0K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$43.2K $20.16/SF
− Vacancy
−$2.8K −$1.31/SF
EGI
$40.4K $18.85/SF
− OpEx
−$12.1K −$5.65/SF
NOI
$28.3K $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%
$565,260
Cap Rate 7%
$403,757
Cap Rate 9%
$314,033
Alternative Uses
Best Use
Multifamily LT 5
$403.8K
$353.3K – $471.1K
NOI $28,263 @ 7.0% cap · market cap 6.21%
Second Best
Apartment 5plus
$379.1K
$331.7K – $442.3K
NOI $26,536 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$494.9K
$433.0K – $577.4K
NOI $34,641 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,611
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer open kitchen-to-living layouts and hardwood flooring.
Where is this duplex located?
The property is located at 222 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: 2,142 SF duplex built in 1900; Two 2‑bedroom, 1‑bath units; Updated kitchens open to living rooms
