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Petersburg, VA Apartment Buildings for Sale

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Prince George, VA Hopewell, VA Colonial Heights, VA

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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$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 10 Potential Opportunities for your consideration. Besides 2 Active listings in Petersburg, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Renovated Multifamily Building with Development Potential

$889,000

3,218 SF

Renovated Multifamily Building with Development Potential

Fully renovated 7-unit building with development potential in Richmond, VA.

2863 Hull St, Richmond, VA 23224

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$618,000

760 SF

Mixed-Use Property in The Fan

Mixed-use building with apartments and office space in Richmond.

2603 W Grace St, Richmond, VA 23220

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Richmond Multifamily Investment Opportunity

Contact for pricing

55,452 SF

Richmond Multifamily Investment Opportunity

81-unit apartment community in Richmond's Forest Hill neighborhood.

3900 Forest Hill Ave, Richmond, VA 23225

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$7,750,000

53,874 SF

Multifamily Property in Richmond, VA

Multifamily property featuring a mix of one- and two-bedroom units.

2554 Noel St, Richmond, VA 23237

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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.

$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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Brooklyn Two-Family Home with Development Potential

$1,888,888

2,660 SF

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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$2,500,000

5.94 Acres

Asheville Development Opportunity: 5.94 Acres

5.94-acre parcel zoned RM6, ideal for multi-family development.

215 N Bear Creek Road, Asheville, NC 28806

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Petersburg, VA Apartment Buildings Investment Opportunities Market Analysis

Explore 2 apartment buildings for sale in Petersburg, 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, 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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6-Month New Listing Trend

Monthly new listing volume vs. 6-month average in Petersburg.

Demographics Overview

Population 71K

Population Growth (5Y) +24.0%

Median Household Income $61,750

College Educated 20.7%

High-Yield Neighborhoods for Strategic Investment

Identify Petersburg submarkets with the highest inventory density on the market and evaluate the median listing prices of real estate assets

Neighborhood	Average Price
23803	$3.9M

Taxes & Financing

Tax Rate (average for all types) 1.19%

Property Tax per SF $20.20 per sq ft

Tax Rate vs County Average 0.05 pp above county avg

Average Loan-to-Value 65.0%

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Petersburg, VA Apartment Buildings for Sale