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Updated 6 hours ago

The Penny at Jackson Ward


2 W Marshall Street Richmond, VA

Studio - 2 Bed
•
1 - 2 Bath

490 - 856 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,438 - $2,382
490 ft2
1 Available
Managed By: Gates Hudson
Updated about 6 hours ago

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Unit 606
$1,438+
Available Now
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Studio • 1 Bath
$1,443 - $2,619
538 ft2
1 Available
Managed By: Gates Hudson
Updated about 6 hours ago

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Unit 621
$1,443+
Available Jun 28th, 2024
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View Rented Units
Studio • 1 Bath
$1,418 - $2,503
491 ft2
1 Available
Managed By: Gates Hudson
Updated about 6 hours ago

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Unit 406
$1,418+
Available Aug 27th, 2024
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View Rented Units
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1 Bed • 1 Bath
$1,499 - $2,478
765 ft2
3 Available
Managed By: Gates Hudson
Updated about 6 hours ago

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Unit 516
$1,499+
Available Jun 10th, 2024
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Unit 419
$1,532+
Available Jun 19th, 2024
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Unit 417
$1,532+
Available Jun 21st, 2024
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View Rented Units
1 Bed • 1 Bath
$1,515 - $2,413
540 ft2
1 Available
Managed By: Gates Hudson
Updated about 6 hours ago

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Unit 604
$1,515+
Available Jun 12th, 2024
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View Rented Units
1 Bed • 1 Bath
$1,594 - $2,536
726 ft2
1 Available
Managed By: Gates Hudson
Updated about 6 hours ago

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Unit 423
$1,594+
Available Jul 7th, 2024
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2 Beds • 2 Bath
$1,904 - $3,066
856 ft2
2 Available
Managed By: Gates Hudson
Updated about 6 hours ago

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Unit 403
$2,022+
Available Jun 23rd, 2024
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Unit 203
$1,904+
Available Jul 7th, 2024
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Where you'll live
Street View
Map View
Satellite View
The Penny at Jackson Ward
The Penny at Jackson Ward
The Penny at Jackson Ward
Location ratings
Walk Score®
96
Walker's Paradise
Amenities
In-unit Laundry
Air Conditioning
Fitness Center
Disability Access
Refrigerator
Pool
Public Transportation
Controlled Access
Mobile Access Pass
Package Receiving
Court Yard
Bike Parking
Coffee Bar
Smoke-free Community
Near Hospital
Near Grocery Store
Near Fire Department
On-site Restaurant
On-site Maintenance
Professional On-site Management
Wheelchair Access
Cable-ready
Dishwasher
Balcony, Deck, Patio
Carpet
Living Room
Range / Oven
Microwave
Stainless Steel Appliances
Freezer
24-hour Maintenance
High-speed Internet
Tile Floor
Granite Countertop
High / Vaulted Ceiling
Elevator
Secured Entry
Gated Entry
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Pet Fee:

$300 ($500 for two pets)

Pet Rent:

$35/monthly ($50/mo for two pets)

Size Restrictions:

Cat up to 0.00 lbs. Dog up to 0.00 lbs.

Parking
Covered Parking
Off-street Parking
Garage - Attached
More Info:

Garage Parking starting at $125 per month

Lease & Fees
Lease Length: None
Property details
Description

The Penny Luxury Apartments in Downtown Richmond VA

The Penny, located at 2 W Marshall Street in historic Jackson Ward, is a brand-new luxury apartment building featuring pet-friendly studio, one bedroom, and two bedroom apartments. The Penny is where modern luxury living meets history. Located conveniently Downtown, this walkable neighborhood is convenient to VCU, restaurants, businesses, and more. The Penny offers city living with luxury amenities, including a rooftop terrace, fitness center, garage parking, bike racks, pool, and more. Each controlled access luxury apartment features contemporary kitchens, modern appliances, washer & dryer, blazing fast internet, and the open floorplans synonymous with modern living.

Additional Details
Total Unit Count: 167
Last Updated: Updated 6 hours ago
Contact Number: (833) 224-3853
Property manager information
Gates Hudson
Ask a question
Office Hours
Sunday: 11:00 AM - 5:00 PM
Monday: 9:00 AM - 5:30 PM
Tuesday: 9:00 AM - 5:30 PM
Wednesday: 11:00 AM - 5:30 PM
Thursday: 9:00 AM - 5:30 PM
Friday: 9:00 AM - 5:00 PM
Saturday: 9:00 AM - 4:00 PM
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Photos Floor Plans Amenities
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Schools
Data provided by GreatSchools
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for The Penny at Jackson Ward by bedroom type below.
Studio
Suggested income:
$51,600
per year
1 Bedroom
Suggested income:
$55,200
per year
2 Bedroom
Suggested income:
$70,700
per year
Rent report

The Penny at Jackson Ward Rent vs. Richmond Average

 The Penny at Jackson Ward      Richmond Average
Studio
$1,433
$1,311
$0
$500
$1,000
$1,500
$2,000
1BR
$1,534
$1,516
$0
$500
$1,000
$1,500
$2,000
2BR
$1,963
$1,730
$0
$650
$1,300
$1,950
$2,600

The Penny at Jackson Ward is asking 1% more than the average 1 bedroom apartment in Richmond.

If you upsized to an average priced Richmond 2 bedroom apartment, you would pay 12% more per month.

If you downsized to an average priced Richmond studio apartment, you would pay 16% less per month.

The Penny at Jackson Ward provides 2% more square footage than the average Richmond 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Penny at Jackson Ward
Studio $1,433 $2.80 $4,299
1BR $1,534 $2.20 $4,603
2BR $1,963 $2.30 $5,889
Richmond Average
Studio $1,311 $2.20 $3,934
1BR $1,516 $2.20 $4,547
2BR $1,730 $1.80 $5,191
3BR $2,188 $1.60 $6,565
4BR $2,543 $1.50 $7,630

Availability in Richmond

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 1,181 1BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 48% 34% 11% 2%
Available Units in Richmond
Studio 93
1BR 1,181
2BR 840
3BR 268
4BR 42
Location
Nearby College

Virginia Commonwealth University

Campus Buildings and Attractions
Distance Walking Biking Driving
Stuart Siegel Center 0.9 mi 17 min 7 min 3 min
W. Grace Street 0.9 mi 17 min 6 min 3 min
Cabell Library 0.9 mi 18 min 7 min 3 min
University Student Commons 0.9 mi 18 min 8 min 3 min
Recreational Sports Center 1.0 mi 18 min 6 min 3 min
Nearby Hospitals
Name Distance
Vcu Health System 0.74 mi.
Vcu Health System 0.77 mi.
Children's Hospital Of Richmond At Vcu (Brook Road) 1.78 mi.
Nearby Fire Stations
Name Distance
Henrico County Division Of Fire 6.55 mi.
Henrico County Division Of Fire 7.52 mi.
Mechanicsville Fire & Ambulance Department 7.6 mi.
FAQs
Is this property currently leasing units?
Yes. There are 10 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 9 units available for move-in over the next 2 months. 1 unit is vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 490 to 856 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
How many bedrooms are in the available units?
There are studio, 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,438 to $3,066. The Penny at Jackson Ward has studio units available starting at $1,438, 1 bedroom units available starting at $1,499, and 2 bedroom units available starting at $1,904.
Where is this property located?
This property is at 2 W Marshall Street in Richmond, VA. It's 1.1 miles east from the center of Richmond.
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