Historic Duplex with Original Wood
3503 E Marshall Street Richmond, VA 23223
3503 E Marshall Street, Richmond, VA, 23223
$330,000
Pending
For Sale
$330,000
Pending
MULTI_FAMILY - Colonial - Richmond, VA
Property Size2,110 SF
Lot Size0.12 Acres
Days on Market42
Property Features for 3503 E Marshall Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking features
- On Street
- Patio and Porch features
- Porch
- Appliances
- GasWaterHeater
- Standard status
- Pending
- 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 Agency
Town & Country Sales and Mgmt
(804) 282-1515
9021 Forest Hill Ave., Ste 2A, Richmond, VA
Listed by
Whit Brooks · License #0225205504
(804) 387-1654
Added: Jun 8 Checked: Jul 19 at 7:06 am
MLS# 2615656
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 preserved duplex offers original wood siding and original wood floors, maintaining much of its historic character. The property has had recent exterior improvements, including a new roof system installed in 2025 and new windows added around 2017. With an upstairs unit currently vacant, the layout provides an opportunity for an owner-occupant or a buyer looking to renovate and reposition the residential income space.
Located in Historic Church Hill at 3503 E Marshall Street in Richmond City, VA (23223), the property sits on a lot measuring 0.117 acres. The duplex configuration supports two separate residential units within the same building, providing flexibility for living in one side while addressing the other.
For tenants or buyers seeking a hands-on property, the vacant upstairs unit is a practical starting point for updates and customization. The combination of retained original interior finishes and documented exterior upgrades can help reduce uncertainty around major exterior components, while still leaving room to refine the interior to match current standards or a specific operating plan.
Located in Historic Church Hill at 3503 E Marshall Street in Richmond City, VA (23223), the property sits on a lot measuring 0.117 acres. The duplex configuration supports two separate residential units within the same building, providing flexibility for living in one side while addressing the other.
For tenants or buyers seeking a hands-on property, the vacant upstairs unit is a practical starting point for updates and customization. The combination of retained original interior finishes and documented exterior upgrades can help reduce uncertainty around major exterior components, while still leaving room to refine the interior to match current standards or a specific operating plan.
Key Highlights
- Historic Church Hill preserved duplex with original wood siding and original wood floors
- New roof system installed in 2025
- Windows installed around 2017
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 |
2,110 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.7K
$348.0K – $464.0K
NOI $27,841 @ 7.0% cap · market cap 8.44%
Second Best
Apartment 5plus
$373.4K
$326.8K – $435.7K
NOI $26,140 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$487.5K
$426.6K – $568.7K
NOI $34,124 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Preserved duplex features original wood floors and siding, plus a 2025 roof and 2017 windows, with an upstairs unit vacant.
Where is this duplex located?
The property is located at 3503 E Marshall Street Richmond, VA.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: Historic Church Hill preserved duplex with original wood siding and original wood floors; New roof system installed in 2025; Windows installed around 2017
