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About this home
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.
Multi-familyProperty Type
1910Year Built
3,075 sq ftLot Size
$255Price/Sq.Ft.
Listed by Ann Schweitzer• One South Commercial LLC
Union Hill, located between Church Hill and Shockoe Bottom, is a historic and residential Richmond neighborhood with a hilltop street grid and skyline-facing views. The neighborhood’s character concentrates around the Union Hill neighborhood streets near Jefferson Park, where stoops, pocket gardens, and dog-walk traffic set a steady, lived-in rhythm. Brick rowhouses and early 20th-century homes line narrow blocks, with alleyways and corner lots that hint at the area’s industrial-era roots. The nearby Richmond Railroad Museum adds a rail-history thread to the streetscape. A short walk toward the riverfront brings the pulse of The National and the galleries at the Virginia Museum of Fine Arts into the orbit of daily routines. Sidewalk scale and small parks keep the pace grounded, even as downtown towers frame the horizon.
Provided by Walk Score and Local Logic
Offer insights
2218/2220 M St · $749,000
$750K and above
75% chance or better to win
Why $750K+ is a strong offer
DAYS ON MARKET
37 days
The average home goes pending in 33 days.
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Central air
Heat pump
Separate electric meters
Bedrooms
One unit with 2 bedrooms
One unit with 3 bedrooms
Bathrooms
Unit 1: 2 full bathrooms
Unit 2: 1 full and 1 half bathroom
Kitchen
Dishwasher
Refrigerator
Electric stove in one unit
Gas stove in the other unit
Laundry & utility
Washer hookup
Dryer hookup
Heating & cooling
Heat pump for heating
Central air conditioning
Electric service
Exterior features
Small lot (approximately 0.0706 acres)
Zoned R-63
Home design
2-story building
Construction
Frame construction with HardiPlank and wood siding
Composition and flat roof
Utilities
Public water
Public sewer
Financial info
Two-unit property with current rents reported ($2,200 and $2,430). Both units are leased (leases expire 6/30/2027 and 9/30/2027).
Electricity and solar
View estimated energy costs and solar savings for this home
Welcome to Union Hill! This is a great opportunity to own a beautifully renovated historic duplex. Live in one side, rent out the other! This property is PERFECT for an investor or first time homebuyer looking to offset their mortgage with rental income! 2218 boasts 2 spacious bedrooms and 2.5 bathrooms. It has an open-concept living area on the 1st floor, adorned with LVP flooring and natural lighting from large windows. The open kitchen features brand new appliances, shaker cabinets, quartz countertops, and a dining area. The 2 bedrooms upstairs have en-suite bathrooms, and there is a stacked washer and dryer in a closet in the hall, offering utility without sacrificing a comfortable living experience. The right unit (2220) has a 1st floor spacious bedroom, half-bath, a living room with room for a dining area, and another brand new, well-appointed kitchen. Upstairs, there are two spacious bedrooms and 1 large bathroom, and a stacked washer and dryer in the hall. This property combines vintage charm with modern comforts all within walking distance like Union Kitchen, The Roosevelt, and Sub Rosa Bakery.
CVRMLS #2216547
Sep 23, 2022
Sold
$300,000
$102/sq ft
Aug 18, 2022
Pending
—
Jun 28, 2022
Price Changed
$329,000
$112/sq ft
Jun 14, 2022
Listed
$345,000
$117/sq ft
+11
Historic Restoration opportunity in the heart of Church Hill. Welcome to 2218/2220 M Street. This classic Duplex is located in the Heart of the Union Hill section of Church Hill. Offering the convenience of being just minutes from Downtown and most major highways as well as close proximity to local restaurants and retail. This property would be a great addition to an investors portfolio to rent both units or to live in one and rent out the other. 2218 is unfinished and has been gutted to the studs. 2220 is finished and was a rental up until April of 2022. Plans to renovate 2218 are provided in listing supplements. 2218 is separately metered for all utilities and has been roughed in for plumbing and electric.
Year
Property tax
Land + Additions
Assessment*
2022
$3,636 (+16.1%)
$65,000 + $238,000
$303,000
2019
$3,132 (+13.8%)
$55,000 + $206,000
$261,000
2018
$2,752 (+14.7%)
$55,000 + $206,000
$261,000
2017
$2,400 (+46.0%)
$55,000 + $166,000
$221,000
2016
$1,644 (+55.7%)
$40,000 + $160,000
$200,000
2014
$1,056
$30,000 + $57,000
$87,000
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
2
Lot width
—
Lot depth
48 ft.
Lot size
3,075 Sq. Ft.
Year renovated
1985
Finished Sq. Ft.
1,196
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,196
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Richmond City
APN
E0000331053
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 21, 2023.
R-63
Multifamily Urban Residential District
The intent of the R-63 district is to encourage development of medium density neighborhoods comprised of a mix of residential uses and to promote a pedestrian oriented urban environment that is primarily residential in character, but that includes limited nonresidential uses that serve many of the day-to-day convenience needs of neighborhood residents and provide opportunities for residents to live and work within the neighborhood. The district is intended to be applied within or in close proximity to areas of the City that reflect an urban scale of development and afford convenient access to major employment centers and community facilities, and to encompass undeveloped or underdeveloped properties comprising areas large enough and with sufficient residential density to enable establishment of a cohesive neighborhood. The district regulations permit corner commercial uses that are limited in location, type and scale and are intended to provide for the convenience of neighborhood residents within walking distance, to respect the primary residential character of the neighborhood and to avoid traffic, parking, noise and other impacts that typically result from uses that draw patrons from outside a neighborhood. The district regulations are also intended to promote a streetscape that is urban in character by requiring minimal building setbacks uninterrupted by parking areas along principal street frontages, and to enhance public safety and encourage an active pedestrian environment appropriate to the residential character of the district by providing for windows in building facades along street frontages. Finally, the district regulations are intended to ensure adequate accessible parking, safe vehicular and pedestrian circulation, and to provide for limited interruption by driveways and vehicular traffic across public sidewalk areas along principal street frontages.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Educational/school
Library
Museum / gallery
Recreation
Communications tower
May 27, 2024 • Final
Plumb prmt (residential) - repair/replace
Plumbing
Dec 27, 2023 • Final
Bldg prmt (residential) - repair or replace
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Richmond, VA • 23223
Average low and high temperatures (°F)
44
27
50
31
67
43
75
53
78
58
88
69
90
73
85
68
80
63
71
51
63
43
49
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2218/2220 M St
There isn’t enough information to generate an accurate estimate at this time. Learn More
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