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Petersburg County, VA Apartment Buildings for Sale

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Historic Petersburg Apartment Building For Sale
$1,100,000
11,000 SF

Historic Petersburg Apartment Building For Sale

23 W Old St, Petersburg, VA 23803

Five-unit apartment building with historic charm and modern upgrades.

  • Fully leased, income‑producing five‑unit apartment building.
  • Historic adaptive reuse property with original architectural details and modern renovations.
  • Expansion potential to add units on the third and fourth floors.
  • Prime location on W. Old Street with potential for commercial application.
  • Successful history of short‑term rental use in select units.
Updated: Apr 22
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Loft Apartments in Petersburg, VA
$6,600,000
67,882 SF

Loft Apartments in Petersburg, VA

1131 Commerce St, Petersburg, VA 23803

Redeveloped multifamily community with 62 loft-style apartments.

  • Fully redeveloped multifamily community with 62 loft‑style apartments.
  • Prime location near Fort Gregg‑Adams, Virginia State University, and major employment centers.
  • Opportunity to increase returns through operational efficiency and rent standardization.
  • Immediate access to Petersburg’s growing cultural and entertainment district.
  • Strong potential for growth in other income streams.
Updated: Sep 25, 2025
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Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 2 Active listings in Petersburg County, VA, we suggest exploring several alternatives: plus 4 Land Listings that present a potential for development.

Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Land Near Shepherd University
$650,000
3.70 Acres

Land Near Shepherd University

Prime land near Shepherd University with development potential.

8285 MARTINSBURG Pike, Shepherdstown, WV 25443
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Multifamily Development Opportunity in Charlotte
$559,700
0.47 Acres

Multifamily Development Opportunity in Charlotte

Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

4312 Tantilla Circle, Charlotte, NC 28215
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Wilkes Barre Land Opportunity
$130,000
0.43 Acres

Wilkes Barre Land Opportunity

Land available for multi-unit development near university and transportation.

320 N Main Street, Wilkes Barre, PA 18702
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Brooklyn Two-Family Home with Development Potential
$1,888,888
0.10 Acres

Brooklyn Two-Family Home with Development Potential

Two-family home on a large lot with significant development potential.

69 Martense Street, Brooklyn, NY 11226
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Petersburg County, VA Apartment Buildings Investment Opportunities Market Analysis

Explore 2 apartment buildings for sale in Petersburg County, VA on our real estate platform. These investment opportunities span a total of 78,882 square feet of properties for sale, with an estimated market value of $7,700,000.

Sale prices for two-family homes in Petersburg County, VA start at $1,100,000, averaging $3,850,000, and reaching up to $6,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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