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2218-2220 M St - Turn Key Union Hill Duplex For Sale 2 Unit Apartment Building Offered at $1,061,191 CAD Richmond, VA 23223



Investment Highlights
- Fully renovated townhome style duplex
- Fully leased through summer 2027
- Off street parking or expansion potential
- Potential for subdivision
- Highly desirable walkable location
Executive Summary
Located at 2218–2220 M Street in the heart of Richmond's highly desirable Church 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 ultimately 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 Church 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.
Positioned just steps from the vibrant intersection of 25th and M Streets, the property enjoys one of Church 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.
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Property Facts
| Price | $1,061,191 CAD | Lot Size | 0.07 AC |
| Price Per Unit | $530,595 CAD | Building Size | 2,943 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2022 |
| Apartment Style | Townhome | ||
| Zoning | R-63 | ||
| Price | $1,061,191 CAD |
| Price Per Unit | $530,595 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 0.07 AC |
| Building Size | 2,943 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1910/2022 |
| Zoning | R-63 |
1 1
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
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2218-2220 M St - Turn Key Union Hill Duplex For Sale
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