Renovated 2-Unit
731 Cameron Street, Petersburg, VA 23803
For Sale
$259,900
ResidentialIncome, Petersburg, VA
Property Size1,710 SF
Lot Size0.18 Acres
Price / SF$151.99
Days on Market22
Property Features for 731 Cameron Street
General Information
Property type
Property subtype
Zoning description
Patio and Porch features
Interior features
Appliances
Lot features
Elementary school
Middle school
High school
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
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Tax Description
Tax Annual Amount
Legal Description
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Building Details
Year built
Floors in Building
Number of units
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Architectural style
Buildings
Listing Agency:
EXP Realty LLC
(804) 729-5188
Listed By:
Tina McCabe · License VA #0225088750
(804) 536-6800
Added: Oct 19
Changed: Nov 9
Last Checked: Nov 9 at 10:06PM
MLS# 2628506
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.
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Investment Insights
Based on property information with market context.
This 1,710-square-foot duplex contains two residences, each arranged with two bedrooms and one full bathroom. Kitchen and living areas sit at opposite ends of each unit. Renovations completed in 2024 added granite countertops and cabinetry in the kitchens; bathrooms have updated toilets, tubs, and vanities. Luxury vinyl plank flooring, fresh paint, and updated fixtures are also part of the interior. The property was built in 1989 and includes a porch, metal roof, and brick exterior.
The 0.1784-acre property is near Old Towne Petersburg, with local shops, restaurants, and cultural sites in the area. Interstate access and Fort Gregg-Adams are also nearby. Public water and public sewer serve the property.
The 0.1784-acre property is near Old Towne Petersburg, with local shops, restaurants, and cultural sites in the area. Interstate access and Fort Gregg-Adams are also nearby. Public water and public sewer serve the property.
Key Highlights
- Two‑unit duplex with 1,710 square feet of building area
- Each unit has 2 bedrooms and 1 full bathroom
- 2024 renovations included granite kitchen countertops and new cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,563
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,260
$451.3K
Cap Rate 7%
$322,329
$322.3K
Cap Rate 9%
$250,700
$250.7K
Market Conditions
NOI Build-Up for 1,710 SF
Gross rent
$34.5K $20.16/SF
− Vacancy
−$2.2K −$1.31/SF
EGI
$32.2K $18.85/SF
− OpEx
−$9.7K −$5.65/SF
NOI
$22.6K $13.19/SF
Area
Petersburg County, VA
Vacancy
6.50%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$451,260
Cap Rate 7%
$322,329
Cap Rate 9%
$250,700
Alternative Uses
Best Use
Multifamily LT 5
$322.3K
$282.0K – $376.1K
NOI $22,563 @ 7.0% cap · market cap 8.68%
Second Best
Apartment 5plus
$302.6K
$264.8K – $353.1K
NOI $21,184 @ 7.0% cap · market cap 8.15%
Theoretical Best
Office A
$395.1K
$345.7K – $460.9K
NOI $27,655 @ 7.0% cap · market cap 10.64%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
292
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer refreshed kitchens and bathrooms, with durable plank flooring throughout.
Where is this duplex located?
The property is located at 731 Cameron Street Petersburg, VA.
What is the asking price?
The asking price for this property is $259,900.
What are key features of this property?
This property features: Two‑unit duplex with 1,710 square feet of building area; Each unit has 2 bedrooms and 1 full bathroom; 2024 renovations included granite kitchen countertops and new cabinetry
