749 Mt Airy Street, Petersburg, VA 23803
MULTI_FAMILY - Ranch - Petersburg, VA
- Added:
- May 12, 2026
- Days on Market:
- 57
- Last Refresh:
- Jul 7 at 8:06 pm
Property Features for 749 Mt Airy Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- 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 agent Matt Smith License #0225178533 (804) 366-0200
Listing office Weichert Brockwell & Associate 210 Temple Avenue, Colonial Heights, VA (804) 518-0500
Listing date May 12, 2026
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.
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.
- Proven rental history of over 10 years.
- Durable vinyl siding and shingle roof.
- Two units, each with 2 beds, 1 bath, electric oven, and refrigerator.
Overview
The duplex is configured with Unit A in place and currently rented, while Unit B is vacant. The listing notes that the property has been a productive rental for over 10 years, and it is being sold as-is with the current tenant in place. Per the remarks, market rents in the area for a 2-bedroom are around $1,250 per month or higher.
For investors or owner-occupants looking for a duplex with an established rental unit and an additional unit ready to lease, this structure provides a straightforward two-family setup. With both units sharing the same bed/bath configuration and the included appliances, the property may simplify leasing and turnover planning. Prospective buyers should review the unit conditions in person, as the sale is structured as-is and time with the tenant is limited to showings available under the current lease status.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Petersburg
- County
- Petersburg
- State
- Virginia
- Longitude
- -77.412407
- Latitude
- 37.215108
