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Two-Structure Multifamily Property
New
For Sale
$130,000

2132 Hill St, Petersburg, VA 23803

Separate electric meters serve a three-bedroom main house and a rear ADU with additional residential space.

Property Size1,256 SF
Price / SF$103.50
Days on Market2

Property Features for 2132 Hill St

General Information

Standard status Active
Size 1,256 SF
Property subtype Multi-Family

Property Condition

Severity Major Repairs Needed
Evidence The ADU is gutted

Units

Unit Mix 3BR/1BA, 2BR
Multifamily Units 2

Additional Details

Utilities to Site Yes

Building Details

Year Built 1925
Buildings 2
Listing Agency: EXP Realty LLC
Listed By: Rick Delgado · License #0225234709
Source: Riverfoxrealty
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 10:59AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty LLC

Investment Insights

Based on property information with market context.

This multifamily property includes two residential structures on one lot. The primary house has three bedrooms and one bathroom and can be occupied or leased after cosmetic repairs. A second structure at the rear functions as a two-bedroom ADU and is currently gutted, requiring a complete remodel. Each building has its own electric meter, providing separately metered electrical service.

Built in 1925, the property is located at 2132 Hill St in Petersburg, Virginia. The two-building configuration offers a main residence along with additional residential space in the rear structure, subject to completion of the required renovation work.

Key Highlights

  • Two residential structures on one lot
  • Main house with 3 bedrooms and 1 bathroom
  • Rear 2‑bedroom ADU is gutted and requires complete remodeling

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Dental Office Electrical Service HVAC Service Bakery (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom

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
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

151
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?
Multifamily property - Separate electric meters serve a three-bedroom main house and a rear ADU with additional residential space.
Where is this multifamily property located?
The property is located at 2132 Hill St Petersburg, VA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Two residential structures on one lot; Main house with 3 bedrooms and 1 bathroom; Rear 2‑bedroom ADU is gutted and requires complete remodeling
More about this property
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