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Renovated Duplex with Two Units
For Sale
$199,850

927 Farmer Street, Petersburg, VA 23803

ResidentialIncome, Petersburg, VA

Property Size1,758 SF
Lot Size0.12 Acres
Price / SF$113.68
Days on Market34

Property Features for 927 Farmer Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning description R-3
Parking features Off Street
Patio and Porch features Porch
Appliances ElectricWaterHeater
Subdivision Pillow
Elementary school Pleasants Lane
Middle school Vernon Johns
High school Petersburg
Directions Take W Washington St towards Dinwiddie, then a Left on S Dunlop St., then a Right on to Farmer st. Home will be on your right.
Standard status Active
APN 023-410023
Size 1,758 SF
Lot size 0.12 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description PILLOW PLAT LT 14 36 X 150
Tax Annual Amount 1360
Legal Description PILLOW PLAT LT 14 36 X 150

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1890
Floors in Building 2
Number of units 2
Building materials Frame, VinylSiding
Roof type Shingle
Architectural style Colonial
Listing Agency: Weichert Brockwell & Associate
Listed By: Matt Smith · License #0225178533
Added: Aug 10 Changed: Sep 4 Last Checked: Sep 12 at 5:06AM
MLS# 2621772

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 1,758-square-foot duplex contains two separate apartments, each configured with 2 bedrooms and 1 bathroom. The interiors were previously renovated and are currently vacant, allowing an owner to lease both apartments or occupy one. Electric baseboard heat and window A/C units serve the residences, while the property also includes a porch and off-street parking.

Built in 1890, the frame structure has vinyl siding, a shingle roof, Colonial styling, and access to public water and public sewer. Located in Petersburg, Virginia, the property sits on a 0.124-acre lot and includes an electric water heater.

Key Highlights

  • Two 2‑bedroom, 1‑bath apartments within a 1,758‑square‑foot duplex
  • Both units currently vacant for leasing or owner occupancy
  • Previously renovated interiors

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Dental Office (Bike/Boat/Book/etc) Store Storage Facility HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

342
Businesses Nearby

Demographics for 23803, VA

44,377
Population
19,826
Households
2.2
Avg Household Size
36
Median Age
24%
College-Educated
88%
High-School Grad
72.2 sq mi
ZIP Area
615
Density / Sq Mi
$55,820
Median Household Income
$35,122
Median Earnings
$1,132
Median Rent
$208,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Vacant apartments offer flexible occupancy or leasing options in Petersburg.
Where is this duplex located?
The property is located at 927 Farmer Street Petersburg, VA.
What is the asking price?
The asking price for this property is $199,850.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments within a 1,758‑square‑foot duplex; Both units currently vacant for leasing or owner occupancy; Previously renovated interiors
More about this property
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