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Renovated Two-Unit Colonial Duplex
New
For Sale
$199,950

927 Farmer Street, Petersburg, VA 23803

MULTI_FAMILY - Colonial - Petersburg, VA

Property Size1,758 SF
Lot Size0.12 Acres
Price / SF$113.74
Days on Market2

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 Last Checked: Aug 11 at 8:06PM
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 Colonial duplex contains two separate 2-bedroom, 1-bath apartments within 1,758 square feet. The interiors were previously renovated, and each unit is equipped with electric baseboard heat and window A/C units. One apartment is rented, while the other is expected to become vacant at the end of the month, providing a two-unit configuration with immediate occupancy flexibility. The property was built in 1890 and includes frame construction, vinyl siding, a shingle roof, and a porch.

The 0.124-acre property is served by public water and public sewer. Off-street parking is provided, and an electric water heater is included. Its duplex layout, two-bedroom unit mix, and prior renovation create a straightforward residential income property configuration.

Key Highlights

  • Two 2‑bedroom, 1‑bath apartments
  • 1,758 square feet on a 0.124‑acre lot
  • Previously renovated interiors

Property Analytics

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

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 - Two-bedroom apartments include electric baseboard heat, window A/C units, porches, and off-street parking.
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 $199,950.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath apartments; 1,758 square feet on a 0.124‑acre lot; Previously renovated interiors
More about this property
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