Historic Petersburg Apartment Building For
23 W Old St Petersburg, VA 23803
For Sale
$1,100,000
Five-unit apartment building with historic charm and modern upgrades.
Property Size11,000 SF
Price / SF$100
Days on Market97
Property Features for 23 W Old St
General Information
Standard status
Active
Size
11,000 SF
Property subtype
Investment
Building Details
Year Built
1817
Listing Agency:
One South Commercial
(804) 539-3017
Listed By:
Thomas Rosman · License #0225211714
(804) 539-3017
Source:
Elliman
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 10:46AM
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 One South Commercial
Investment Insights
Based on property information with market context.
Located in downtown Petersburg, the fully leased five-unit apartment building at 23-25 W Old Street offers a stabilized, income-producing asset. Constructed in 1817, the property features historic adaptive reuse with modern enhancements. The building encompasses nearly 11,000 square feet and includes five residences: four one-bedroom units and one two-bedroom unit. The apartments retain original architectural details such as high ceilings, oversized windows, and period craftsmanship, along with modern renovations. Select units have a history of short-term rental use. There is potential to expand by adding units on the third and fourth floors, increasing rental income. The property's location along W. Old Street offers potential for commercial application, particularly on the ground floor. The building is near North Sycamore Street and destinations such as Maria’s Old Town 21, Demolition Coffee, Croaker’s Spot, The Southside Depot, the Petersburg Area Art League, and Virginia State University. The property is somewhat bikeable with a bike score of 21 and car-dependent with a walk score of 19.
Key Highlights
- Fully leased, income‑producing five‑unit apartment building.
- Historic adaptive reuse property with original architectural details and modern renovations.
- Expansion potential to add units on the third and fourth floors.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building with historic charm and modern upgrades.
Where is this apartment building located?
The property is located at 23 W Old St Petersburg, VA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully leased, income‑producing five‑unit apartment building.; Historic adaptive reuse property with original architectural details and modern renovations.; Expansion potential to add units on the third and fourth floors.
