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    124 W Bank St Petersburg, VA 23803

    Sponsored
    For Sale
    $410,000

    MULTI_FAMILY - Colonial - Petersburg, VA

    Property size:
    2,905 SF
    Lot size:
    0.07 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 7 at 6:06 pm

    Property Features for 124 W Bank St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    011-230004
    Parking features
    Driveway, Parking Lot, Open, Garage
    Patio and Porch features
    Deck
    Interior features
    HighCeilings, MainLevelPrimary
    Exterior features
    PavedDriveway
    Appliances
    ElectricWaterHeater
    Size
    2,905 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1820
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Built-Up
    Architectural style
    Colonial
    Additional Structures
    Gazebo

    Midlothian Partners LLC dba Keller Williams Midlothian (804) 858-8999 [email protected]

    Listing agent Casey Toney (804) 858-9000 License #0225264164

    Listing date Jan 6, 2026

    MLS# 2532217 Listing URL

    Copyright © 2026 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

    Downtown Petersburg Mixed-Use Duplex

    Located in the heart of downtown, Old Towne Petersburg, this building was originally built in 1820. Currently zoned B-3, the property is equipped for both retail and residential use. Originally a triplex, it is now utilized as a duplex. The building features a rooftop terrace and an attached garage, which could be converted into a third unit. There is dedicated parking on the paved parking lot in the back and is directly adjacent to Bartow Alley, which also has a parking lot on the other side. The roof was replaced 6 months ago with thermoplastic polyolefin, along with the second floor HVAC (2025), and fully water proofed basement with a second sump pump. Direct access from the attached garage to the first level unit. The HVAC in the bottom unit was replaced in 2021. Exposed brick runs throughout both units, and the entrance to the rooftop terrace is off of the second floor living/dining room area. Each unit is currently 1 BR, and 1 BATH. The downstairs unit is massive and there is plenty of room to add a second bedroom OR put up a divider and use the space in the front as it was originally intended as a storefront! The property has a size of 2905 square feet and sits on a lot of 0.0695 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply 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
    -77.406667
    Latitude
    37.23143

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use duplex in Old Towne Petersburg with rooftop terrace.
    Where is this mixed-use property located?
    The property is located at 124 W Bank St Petersburg, VA.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: - Prime downtown location in Old Towne Petersburg with B-3 zoning, allowing for retail and residential use.; - Rooftop terrace and attached garage (convertible to a third unit).; - Recent upgrades: new roof, second-floor HVAC (2025), and waterproofed basement with dual sump pumps.
    (804) 397-9901
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    124 W Bank 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
    124 W Bank St Petersburg, VA 23803
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