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    2203 Ferndale Ave Petersburg, VA 23803

    New
    For Sale
    $209,900

    MULTI_FAMILY - Colonial - PETERSBURG, VA

    Property size:
    2,196 SF
    Lot size:
    0.15 Acres
    Days on Market:
    1
    Last Refresh:
    Dec 11 at 5:06 pm

    Property Features for 2203 Ferndale Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Driveway
    Size
    2,196 SF
    Lot size
    0.15 Acres

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1974
    Number of units
    3
    Building materials
    Aluminum Siding, Metal Siding
    Architectural style
    Colonial

    Century 21 New Millennium (703) 753-7910 [email protected]

    Listing agent Krystle Smith (540) 825-1613 License #225205029

    Listing date Dec 11, 2025

    MLS# VAPC2000134 Listing URL

    Copyright © 2025 Bright MLS. 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 Triplex: Investor Opportunity

    Located in the Kenilworth Subdivision of Petersburg, Virginia, this multifamily property presents an investor opportunity. The property, built in 1974 and partially remodeled in 2022, features three 1-bedroom, 1-bath efficiency units, each with a small kitchen. Situated on a 0.15-acre corner lot, the building offers 2,196 square feet of living space. The property has updated electric service with three separate meters, simplifying tenant management. Each unit has its own water and electric access. The units require substantial renovation and currently have no HVAC, offering an opportunity for investors to create value and grow their rental income portfolio.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Spa & Massage Dental Office Clothing Store Building Supply Pharmacy Daycare Center Wholesale Shop Kitchen & Bath Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Petersburg
    County
    Petersburg
    State
    Virginia
    Longitude
    -77.43918
    Latitude
    37.21487

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    FAQs

    What type of property is this?
    Triplex - Triplex in Petersburg, VA, ideal for renovation and rental income.
    Where is this triplex located?
    The property is located at 2203 Ferndale Ave Petersburg, VA.
    What is the asking price?
    The asking price for this property is $209,900.
    What are key features of this property?
    This property features: - Triplex with three 1-bedroom, 1-bath efficiency units offering immediate rental income potential.; - Separate water and electric access for each unit simplifies tenant management and billing.; - Updated electric service with three separate meters.
    (540) 825-1613
    Request Owner's contact information
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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
    2203 Ferndale Ave Petersburg, VA 23803
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