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34332917
34332918

2218 M Street, Richmond, VA 23223 For Sale

AS
VA 0225211714
One South Commercial
Listed by One South Commercial
$749,000
9 days on market
Updated 3 days ago

Turn Key Union Hill Duplex For Sale

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 2,943
Units 2
Tenancy Multi
Year Built 1910
Year Renovated 2022
Buildings 1
Acreage 0.070
Zoning R-63
Investment Type Stabilized

Fully Renovated and Fully Leased Townhome Style Duplex

Marketing description

Located at 2218-2220 M Street in the heart of Richmond’s highly desirable Union Hill neighborhood, this fully renovated side-by-side duplex presents a rare opportunity to acquire a turnkey investment in one of the City’s strongest rental and resale markets. Encompassing approximately 2,943 square feet, the property features an attractive unit mix of one 2-bedroom, 2-bathroom residence and one 3-bedroom, 1.5-bathroom residence, both renovated to an exceptional standard back in 2022 with quality finishes and modern systems. Investors will appreciate the property’s strong in-place rental potential, while its oversized lot offers additional value through future expansion, accessory dwelling units, or potential redevelopment, subject to applicable approvals. The layout also presents a unique opportunity to subdivide and reintroduce the residences to the market as individual for-sale homes, creating multiple avenues for future appreciation and exit strategies. Positioned just steps from the vibrant intersection of 25th and M Streets, the property enjoys one of Union Hill’s most walkable and sought-after locations. Residents are within easy walking distance of neighborhood favorites including Sub Rosa Bakery, Union Market, Metzger, Kahlo’s Taqueria, and Fat Rabbit, while remaining just minutes from downtown Richmond, the MCV campus, and convenient I-95 and I-64 access. Whether purchased as a long-term hold, value-add investment, or future condominium or single-family conversion opportunity, 2218–2220 M Street offers a compelling combination of quality renovations, outstanding location, and long-term upside that is increasingly difficult to find in Richmond’s historic urban neighborhoods.

Investment highlights

  • Fully renovated townhome style duplex
  • Potential for subdivision
  • Fully leased through summer 2027
  • Highly desirable walkable location
  • Off street parking or expansion potential

Listing Contacts

AS
VA 0225211714
One South Commercial
Listed by One South Commercial

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