Front-to-Back Duplex
749 Mt Airy Street Petersburg, VA 23803
749 Mt Airy Street, Petersburg, VA, 23803
$219,750
For Sale
$219,750
MULTI_FAMILY - Ranch - Petersburg, VA
Property Size1,296 SF
Lot Size0.12 Acres
Price / SF$169.56
Days on Market69
Property Features for 749 Mt Airy Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Interior features
- PanelingWainscoting
- Appliances
- ElectricWaterHeater
- Standard status
- Active
- APN
- 030-210019
- Size
- 1,296 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- PT LT 13 PLAT MRS HARRISLOTS41 X 120-125
- Tax Annual Amount
- 1234
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1974
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Drywall, Frame, VinylSiding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing Agency
Weichert Brockwell & Associate
(804) 518-0500
210 Temple Avenue, Colonial Heights, VA
Listed by
Matt Smith · License #0225178533
(804) 366-0200
Added: May 12 Checked: Jul 19 at 8:06 am
MLS# 2612814
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.
Investment Insights
Based on property information with market context.
This front-to-back duplex was built in 1974 and later renovated in 2014. The property includes vinyl siding and baseboard heat along with window AC units. Each unit provides two bedrooms and one bathroom, and both units have an electric oven and a refrigerator. The sale will be as-is, with the current tenant in place.
Unit A is currently rented and Unit B is vacant. The property has been described as a productive rental for more than 10 years.
The duplex configuration offers a straightforward two-unit setup with consistent unit features across both residences.
Unit A is currently rented and Unit B is vacant. The property has been described as a productive rental for more than 10 years.
The duplex configuration offers a straightforward two-unit setup with consistent unit features across both residences.
Key Highlights
- Duplex with existing rental income from Unit A ($1000/month).
- Potential for increased rental income with Unit B vacant and market rents at $1250+/month.
- Renovated in 2014.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.1k | $20.16 |
| − Vacancy | −$1.7k | −$1.31 |
| EGI | $24.4k | $18.85 |
| − OpEx | −$7.3k | −$5.65 |
| NOI | $17.1k | $13.19 |
1,296 SF · lease $20.16/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.3K
$213.8K – $285.0K
NOI $17,100 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$229.4K
$200.7K – $267.6K
NOI $16,055 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$299.4K
$262.0K – $349.3K
NOI $20,959 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Front-to-back duplex built in 1974 with two-bedroom units, baseboard heat, and window AC units.
Where is this duplex located?
The property is located at 749 Mt Airy Street Petersburg, VA.
What is the asking price?
The asking price for this property is $219,750.
What are key features of this property?
This property features: Duplex with existing rental income from Unit A ($1000/month).; Potential for increased rental income with Unit B vacant and market rents at $1250+/month.; Renovated in 2014.
