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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.

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Property Facts

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
Very walkable
80/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
  • Listing ID: 41242773

  • Date on Market: 2026-07-10

  • Last Updated:

  • Address: 2218-2220 M St, Richmond, VA 23223

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