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    Prince George, VA Hopewell, VA Colonial Heights, VA
    Historic Petersburg Apartment Building For Sale
    Updated: Apr 22
    Historic Petersburg Apartment Building For Sale

    23 W Old St, Petersburg, VA 23803

    $1,100,000
    11,000 sqft
    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.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 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
    Renovated Multifamily Building with Development Potential

    2863 Hull St, Richmond, VA 23224

    $884,000
    3,218 sqft

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

    View details
    Mixed-Use Property in The Fan
    Mixed-Use Property in The Fan

    2603 W Grace St, Richmond, VA 23220

    $618,000
    760 sqft

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

    View details
    Five-Unit Apartment Building
    Five-Unit Apartment Building

    635 WEAVER Way, Placerville, CA 95667

    $995,000

    Well-maintained five-unit building with fenced yards, garages, and in-unit washer/dryer setups.

    View details
    Richmond Multifamily Investment Opportunity
    Richmond Multifamily Investment Opportunity

    3900 Forest Hill Ave, Richmond, VA 23225

    Contact for pricing
    55,452 sqft

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

    View details

    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.

    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft · 0.10 AC lot

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

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

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

    View details

    Petersburg, VA Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Petersburg, VA on our real estate platform. These investment opportunities span a total of 11,000 square feet of properties for sale, with an estimated market value of $1,100,000.

    Sale prices for two-family homes in Petersburg, VA start at $1,100,000, averaging $1,100,000, and reaching up to $1,100,000 — 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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    Demographics Overview

    Population 71K
    Population Growth (5Y) +24.0%
    Median Household Income $61,750
    College Educated 20.7%

    High-Yield Neighborhoods for Investment

    Identify Petersburg submarkets with the highest inventory density on the market and evaluate the average 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 SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

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