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    120 New St Petersburg, VA 23803

    For Sale
    $219,950

    MULTI_FAMILY - Other - Petersburg, VA

    Property size:
    1,960 SF
    Lot size:
    0.23 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 6:06 am

    Property Features for 120 New St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    031-200015
    Parking features
    Driveway, Oversize, Garage
    Exterior features
    PavedDriveway
    Appliances
    ElectricWaterHeater
    Size
    1,960 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1941
    Floors in Building
    2
    Number of units
    2
    Building materials
    Frame, WoodSiding
    Roof type
    Composition, Shingle
    Architectural style
    Other

    Hometown Realty Services (804) 249-6711 [email protected]

    Listing agent William Coalson (804) 730-7195 License #0225219209

    Listing date Nov 25, 2025

    MLS# 2527956 Listing URL

    Copyright © 2025 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Duplex in Petersburg

    This is a turnkey duplex located in Petersburg, Virginia. The property has been renovated and is income-producing, featuring two freshly updated units. Each unit has separate utilities, fresh interior paint, new windows, and updated flooring. A new roof has been installed. The bottom unit is currently rented for $1,350 per month, and the top unit is rented for $1,000 per month. The property includes a large detached two-car garage with ample storage space. The property is conveniently located just minutes from downtown Petersburg's shops, restaurants, and interstates. The lot size is 0.2296 acres and the property size is 1960 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.402482
    Latitude
    37.218046

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with steady cash flow, close to downtown.
    Where is this duplex located?
    The property is located at 120 New St Petersburg, VA.
    What is the asking price?
    The asking price for this property is $219,950.
    What are key features of this property?
    This property features: - Turnkey, income-producing duplex with immediate cash flow.; - Two fully renovated units with separate utilities.; - New roof for long-term durability and reduced maintenance.
    (804) 730-7195
    Request Owner's contact information
    120 New St Petersburg, VA 23803
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    Petersburg, VA 23803
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 New St Petersburg, VA 23803
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