Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    215 Saint Andrew Street Petersburg, VA 23803

    View on Map
    Claim this Listing
    New
    For Sale
    $260,000

    MULTI_FAMILY - Other - Petersburg, VA

    Property size:
    1,712 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $151/SF
    Added:
    Apr 21, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 22 at 9:06 am

    Property Features for 215 Saint Andrew Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Parking features
    Off Street
    Appliances
    ElectricWaterHeater
    Standard status
    Active
    APN
    022-270014
    Size
    1,712 SF
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    75X98
    Tax Annual Amount
    2565

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1914
    Floors in Building
    2
    Number of units
    2
    Building materials
    Brick, HardiplankType
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Guadalupe Perez

    Listing agent Guadalupe Perez License #0225253194

    Listing office Ingram & Assoc Chester 4830 W Hundred Road, Hopewell, VA

    Listing date Apr 21, 2026

    MLS# 2610182 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

    Petersburg Duplex: Investment Opportunity

    This duplex, located in the historic area of Petersburg, presents an investment opportunity. The property offers income potential and is situated close to shopping, a new casino, the main highway, Fort-Gregg Adams, and new construction sites throughout Petersburg. Unit A features 2 bedrooms and 1 full bathroom and is currently vacant. Unit B features 3 bedrooms and 1 full bathroom and is currently occupied by a tenant with a lease expiring next month. The property is a multifamily residential income property with a total size of 1712 square feet and is situated on a 0.1687-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.397831
    Latitude
    37.223893

    Nearby Similar for Sale

    • $279,950
      3,328 SF

      Historic Duplex in Old Towne

      Duplex in Old Towne Petersburg, perfect for short-term rental.
      235-237 Grove Avenue, Petersburg, VA 23803
      View Details
    • $125,000
      3,808 SF

      Petersburg Quadplex Investment Opportunity

      3,808 SF quadplex near Virginia State University.
      1134 W Washington Street, Petersburg, VA 23803
      View Details
    • $120,000
      1,568 SF

      Petersburg Duplex Investment Opportunity

      Duplex in Petersburg, ready for renovation or redevelopment.
      606-608 Cameron Street, Petersburg, VA 23803
      View Details
    • $125,000

      Petersburg Quadplex Investment Opportunity

      Quadplex in Petersburg, VA, near VSU and major highways.
      1134 W. Washington St, Petersburg, VA 23803
      View Details
    • $199,000
      2,980 SF

      Petersburg Historic District Brick Duplex

      All brick duplex in Petersburg's Historic District.
      625 W Washington Street, Petersburg, VA 23803
      View Details
    • $218,975
      2,232 SF

      Petersburg Super Duplex Best Buy

      Large duplex in Petersburg, ready for minimal work.
      125 Chappell Street, Petersburg, VA 23803
      View Details
    • $149,950
      2,261 SF

      Income-Producing Triplex in Petersburg

      Triplex with separate electric meters, ideal for maximizing rental income.
      2201-2203 Ferndale Avenue, Petersburg, VA 23803
      View Details
    • $149,950
      2,200 SF

      Income-Producing Triplex in Petersburg

      Triplex with separate electric meters, ideal for rental income.
      2201-2203 Ferndale Ave, Petersburg, VA 23803
      View Details
    • $1,300,000
      10,578 SF

      Petersburg Retail Center on Crater

      Five-bay retail center with high visibility and growth potential.
      2825 S Crater Rd, Petersburg, VA 23805
      View Details
    • $599,500
      12,000 SF

      Petersburg Warehouse in Old Towne

      12,000 SF warehouse on 1.889 acres in Petersburg.
      232 N Market St, Petersburg, VA
      View Details
    • $1,200,000

      Former Bank Building For Sale

      Three-story commercial building with leaseback opportunity in Petersburg, VA.
      1965 Wakefield Avenue, Petersburg, VA 23805
      View Details
    • $994,100

      26 Acres Land in Petersburg

      26+/- acres of land for sale in Petersburg, Virginia.
      1681 S Crater Rd, Petersburg, VA 23805
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex in historic Petersburg with income potential near shopping and casino.
    Where is this duplex located?
    The property is located at 215 Saint Andrew Street Petersburg, VA.
    What is the asking price?
    The asking price for this property is $260,000.
    What are key features of this property?
    This property features: Duplex property offering income potential.; Located in the historic area of Petersburg.; Close proximity to shopping, new casino, main highway, and Fort Gregg‑Adams.
    (804) 296-4270
    We can help!
    Listing Contact
    Guadalupe Perez
    Real Estate License ID: 0225253194
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!