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    Petersburg, VA
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    Petersburg, VA Residential Income Properties for Sale

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    Renovated Duplex with Separate Entrances
    Updated: Sep 13
    Renovated Duplex with Separate Entrances

    840 Commerce Street, Petersburg, VA 23803

    $315,000
    1,896 sqft 0.21 AC lot
    1,896‑square‑foot duplex with one unit on each floor
    Separate entrances provide independent access to both residences
    Roof, appliances, flooring, HVAC, plumbing, and electrical updated since 2024
    Currently tenant occupied
    Built in 1860 with vinyl and wood siding
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    Two-Unit Brick Duplex
    Updated: Sep 30
    Two-Unit Brick Duplex

    661-663 Pegram Street, Petersburg, VA 23803

    $200,000
    1,728 sqft 0.17 AC lot
    Two apartments, each with 2 bedrooms and 1 full bath
    Approximately 864 square feet per unit; 1,728 square feet total
    Brick construction; built in 1929
    Recently replaced shingle roof
    Separate electric meter, electric stove, refrigerator, and washer and dryer hookups in each unit
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    Two-Unit Duplex
    Two-Unit Duplex

    927 Farmer Street, Petersburg, VA 23803

    $194,950
    1,758 sqft 0.12 AC lot

    Each apartment has two bedrooms and one bathroom, and both are currently vacant.

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    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Two-Structure Multifamily Property
    Two-Structure Multifamily Property

    2132 Hill St, Petersburg, VA 23803

    $115,000
    1,256 sqft

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

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    Renovated Duplex
    Renovated Duplex

    115 Pine Street, Petersburg, VA 23803

    $380,000
    2,780 sqft 0.20 AC lot

    Two-unit residential property with updated interiors and separate three-bedroom layouts.

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    Two-Unit Duplex
    Two-Unit Duplex

    24 Centre Hill Court, Petersburg, VA 23803

    $438,500
    3,328 sqft 0.11 AC lot

    Separate residences pair period architectural details with updated central air conditioning.

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    Updated Duplex with Front Porches
    Updated Duplex with Front Porches

    2025-2027 Ferndale Avenue, Petersburg, VA 23803

    $275,000
    2,496 sqft 0.35 AC lot

    Two separately configured residences offer flexible rental or owner-occupant use with refreshed interiors and private outdoor space.

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    Duplex with Original Architectural Details
    Duplex with Original Architectural Details

    24 Centre Hill Court, Petersburg, VA 23803

    $438,500
    3,328 sqft

    Two separate residences offer three bedrooms apiece, remodeled primary bathrooms, and individual two-zone central AC systems.

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    Updated Duplex
    Updated Duplex

    1007-1009 Hinton Street, Petersburg, VA 23803

    $215,000
    2,400 sqft 0.12 AC lot

    Two residences allow rental use or owner occupancy in one unit.

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    Remodeled Duplex With Live-Work Flexibility
    Remodeled Duplex With Live-Work Flexibility

    625 Grove Avenue, Petersburg, VA 23803

    $289,999
    1,764 sqft 0.07 AC lot

    Two-level layout supports separate units or a combined live/work arrangement.

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    Brick Duplex with Separate Meters
    Brick Duplex with Separate Meters

    661-663 Pegram Street, Petersburg, VA 23803

    $200,000
    1,728 sqft

    Both residences are leased and have individual electric meters, kitchen appliances, and washer and dryer hookups.

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    Two-Structure Duplex Property
    Two-Structure Duplex Property

    2132 Hill Street, Petersburg, VA 23803

    $110,000
    1,256 sqft 0.14 AC lot

    Two residential structures share one fenced lot and have separate electric meters.

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    Historic Mixed-Use Property
    Historic Mixed-Use Property

    115-117 S Market Street, Petersburg, VA 23803

    $390,000

    Brick building combines updated residential space, a separate rear unit, and an unfinished interior section.

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    Fully Renovated Duplex
    Fully Renovated Duplex

    115 Pine Street, Petersburg, VA 23803

    $380,000
    2,780 sqft

    Two updated residential units each provide three bedrooms and one-and-a-half bathrooms.

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    Duplex Requiring Renovation
    Duplex Requiring Renovation

    632-634 Pegram Street, Petersburg, VA 23803

    $70,000

    The property includes garage and on-street parking with public water and sewer service.

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    Updated Duplex
    Updated Duplex

    1007-1009 Hinton Street, Petersburg, VA 23803

    $215,000
    2,400 sqft

    Two refreshed units allow for rental use or owner occupancy alongside a separate rental unit.

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    Renovated Duplex
    Renovated Duplex

    1108 6th St, Petersburg, VA 23803

    $229,000
    1,340 sqft

    Two residential units each offer two bedrooms and one full bathroom in a recently renovated configuration.

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    New Construction Duplex
    New Construction Duplex

    703 E Bank St, Petersburg, VA 23803

    $350,000
    2,000 sqft

    Two separately metered residences combine open-plan main floors with contemporary interior finishes.

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    Updated Duplex with Front Porches
    Updated Duplex with Front Porches

    2025-2027 Ferndale Avenue, Petersburg, VA 23803

    $275,000
    2,496 sqft

    Two residential units offer flexible occupancy, refreshed interiors, and private outdoor areas.

    View details
    Tenant-Occupied Duplex
    Tenant-Occupied Duplex

    526 S Dunlop St, Petersburg, VA 23803

    $230,000
    2,032 sqft

    Two-unit residential income property with a 3-bedroom upper residence and a separate 2-bedroom lower residence.

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    Renovated Duplex with Separate Entrances
    Renovated Duplex with Separate Entrances

    840 Commerce St, Petersburg, VA 23803

    $315,000
    1,896 sqft

    Two tenant-occupied units are arranged on separate floors with independent entrances.

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    Duplex with Separate Entrances
    Duplex with Separate Entrances

    136 Marshall St, Petersburg, VA 23803

    $189,000
    2,168 sqft

    Vacant two-bedroom units feature individual mini-split systems, public water and sewer, and a corner-lot setting.

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    Historic Petersburg Apartment Building For Sale
    Historic Petersburg Apartment Building For Sale

    23 W Old St, Petersburg, VA 23803

    Contact for pricing
    10,858 sqft

    Five-unit apartment building with historic charm and modern upgrades.

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    Renovated Historic Triplex
    Renovated Historic Triplex

    Petersburg, VA 23803

    $330,000
    3,799 sqft

    Three separate units combine historic character with updated systems and newly installed kitchen appliances.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 24 Active Listings in Petersburg, VA, we suggest to view alternatives - similar 1 Off-Market properties to explore as potential leads.

    Petersburg, VA Residential Income Properties Market Trends and Statistics

    Explore 25 residential income properties for sale in Petersburg, VA, showcased through 24 active listings on our real estate platform. These investment opportunities span a total of 57,487 square feet of properties for sale, with an estimated market value of $6,144,949.

    Sale prices for residential investment properties in Petersburg, VA start at $70,000, averaging $267,171, and reaching up to $438,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 25
    Duplexes 21
    Apartment buildings 1
    Triplexes 1

    Demographics Overview

    Population 71K
    Population Growth (5Y) +24.0%
    Median Household Income $61,750
    College Educated 20.7%

    High-Yield Neighborhoods for Investment

    Identify Petersburg submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23803 $357.9K

    Taxes & Financing

    Tax Rate (average for all types) 1.19%
    Property Tax per SF $20.20 per SF
    Tax Rate vs County Average 0.05 pp above county avg
    Average Loan-to-Value 65.0%

    How Realmo verifies these figures

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    Most Searched ZIP Codes in Petersburg, VA

    • 23803

    Featured Petersburg Real Estate Agencies

    Realmo connects you with licensed Petersburg CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Hobbs Realty, LLC
    3287 South Crater Rd Petersburg, VA 23805
    Phone: (804) 324-5835
    www.hobbsrealtyllc.com
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