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    Historic Petersburg Apartment Building For Sale
    Updated: Apr 21
    Historic Petersburg Apartment Building For Sale

    23 W Old St, Petersburg, VA 23803

    Contact for pricing
    10,858 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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    See hot listings in Petersburg

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Petersburg, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Commercial Sale
    Commercial Sale

    2712 E Leigh St, Richmond, VA 23223

    $1,750,000
    4,835 sqft

    Mixed-use properties · 4,835 SF

    View details
    Restored 12-Unit Apartment Building
    Restored 12-Unit Apartment Building

    2201 E Main St, Richmond, VA 23223

    $5,100,000
    0.16 AC lot

    Historic industrial character meets updated condominium interiors and secured resident amenities in a boutique multifamily property.

    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
    Apartment Building Portfolio
    Apartment Building Portfolio

    1421 Bainbridge Street, Richmond, VA 23224

    Contact for pricing
    14,782 sqft

    Recently developed multifamily asset with full occupancy in Richmond’s Manchester submarket.

    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 10,858 square feet of properties for sale.

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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 $1.5M

    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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