Duplex with Two 2-Bed
222 W Marshall Street Richmond, VA 23220
222 W Marshall Street, Richmond, VA, 23220
$480,000
For Sale
$480,000
TOWNHOME - Other - Richmond, VA
Property Size2,142 SF
Lot Size0.03 Acres
Price / SF$224.09
Days on Market9
Property Features for 222 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, CableTv, WindowTreatments
- Fireplace
- 1
- Appliances
- ElectricWaterHeater, TanklessWaterHeater
- Standard status
- Active
- APN
- N000-0150-034
- Size
- 2,142 SF
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 00016.71X0076.00 000.029 AC
- Tax Annual Amount
- 5352
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Brick, Drywall
- Roof type
- Flat, Rubber
- 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 7:06 pm
MLS# 2618780
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 at 222 W Marshall Street is configured with two separate units, each offering 2 bedrooms and 1 bathroom. Each unit includes an updated kitchen that opens to the living room, with generously sized bedrooms and hardwood floors throughout.
The property is located in Richmond City’s Jackson Ward area, described as being just minutes from Virginia Commonwealth University (VCU), Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers, providing convenient access to a range of daily needs and workplaces.
As presented in the listing remarks, the offering also includes the possibility of being sold as part of a package deal along with 220 W Marshall Street.
The property is located in Richmond City’s Jackson Ward area, described as being just minutes from Virginia Commonwealth University (VCU), Downtown Richmond, the Arts District, restaurants, breweries, shopping, and major employers, providing convenient access to a range of daily needs and workplaces.
As presented in the listing remarks, the offering also includes the possibility of being sold as part of a package deal along with 220 W Marshall Street.
Key Highlights
- Duplex at 222 W Marshall Street with two 2‑bedroom, 1‑bath units
- Each unit features an updated kitchen open to the living room and generously sized bedrooms
- Hardwood floors throughout and a fireplace in the property
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 | $43.2k | $20.16 |
| − Vacancy | −$2.8k | −$1.31 |
| EGI | $40.4k | $18.85 |
| − OpEx | −$12.1k | −$5.65 |
| NOI | $28.3k | $13.19 |
2,142 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$403.8K
$353.3K – $471.1K
NOI $28,263 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$379.1K
$331.7K – $442.3K
NOI $26,536 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$494.9K
$433.0K – $577.4K
NOI $34,641 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex featuring two 2-bedroom, 1-bath units with updated kitchens and hardwood floors throughout.
Where is this duplex located?
The property is located at 222 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 at 222 W Marshall Street with two 2‑bedroom, 1‑bath units; Each unit features an updated kitchen open to the living room and generously sized bedrooms; Hardwood floors throughout and a fireplace in the property
