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Petersburg, VA Multifamily Homes & Duplexes for Sale

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  • /14

    $250,000

    • 2,048 Sq Ft

    635 Harding St, Petersburg, VA 23803

    *MULTIFAMILY PORTFOLIO FOR SALE in PETERSBURG* This is One of the 4 Duplexes for sale in this Turn-Key Rental Portfolio consisting of -8 doors, 4 buildings. This Portfolio has 4 Duplexes, all are 2-beds and 1-bath, and the Tenants pay all utilities. There are 4 Duplexes that are side by side on Harding St. All units are rented except 3. All properties are sold in As-Is condition. Inspections are

    Agent Photo

    Norris Hardy

    Weichert Brockwell & Associate

    (804) 373-8056

    635 Harding St, Petersburg, VA 23803
  • /16

    $250,000

    • 2,048 Sq Ft

    631 Harding St Unit 33, Petersburg, VA 23803

    *MULTIFAMILY PORTFOLIO FOR SALE in PETERSBURG* This is One of the 4 Duplexes for sale in this Turn-Key Rental Portfolio consisting of -8 doors, 4 buildings. This Portfolio has 4 Duplexes, all are 2-beds and 1-bath, and the Tenants pay all utilities. There are 4 Duplexes that are side by side on Harding St. All units are rented except 3. All properties are sold in As-Is condition. Inspections are

    Agent Photo

    Norris Hardy

    Weichert Brockwell & Associate

    (804) 424-4870

    631 Harding St Unit 33, Petersburg, VA 23803
  • /14

    $250,000

    • 2,048 Sq Ft

    707 Harding St, Petersburg, VA 23803

    *MULTIFAMILY PORTFOLIO FOR SALE in PETERSBURG* This is One of the 4 Duplexes for sale in this Turn-Key Rental Portfolio consisting of -8 doors, 4 buildings. This Portfolio has 4 Duplexes, all are 2-beds and 1-bath, and the Tenants pay all utilities. There are 4 Duplexes that are side by side on Harding St. All units are rented except 3. All properties are sold in As-Is condition. Inspections are

    Agent Photo

    Norris Hardy

    Weichert Brockwell & Associate

    (804) 723-6838

    707 Harding St, Petersburg, VA 23803
  • /14

    $250,000

    • 2,048 Sq Ft

    703 Harding St, Petersburg, VA 23803

    *MULTIFAMILY PORTFOLIO FOR SALE in PETERSBURG* This is One of the 4 Duplexes for sale in this Turn-Key Rental Portfolio consisting of -8 doors, 4 buildings. This Portfolio has 4 Duplexes, all are 2-beds and 1-bath, and the Tenants pay all utilities. There are 4 Duplexes that are side by side on Harding St. All units are rented except 3. All properties are sold in As-Is condition. Inspections are

    Agent Photo

    Norris Hardy

    Weichert Brockwell & Associate

    (804) 409-3391

    703 Harding St, Petersburg, VA 23803
  • /39

    $310,000

    • 1,896 Sq Ft

    840 Commerce St, Petersburg, VA 23803

    Prime Investment Opportunity in Historic Petersburg Discover 840 Commerce Street, a turnkey duplex offering strong rental potential in one of Petersburg’s most rapidly revitalizing neighborhoods. Built in 1860 and thoughtfully updated, this property combines the long-term appeal of historic architecture with modern convenience—making it an ideal addition to any investment portfolio. Unit Mix &

    Rich Sena Redfin Corporation

    840 Commerce St, Petersburg, VA 23803
  • /16

    $229,000

    • 1,296 Sq Ft

    176 Mckeever St, Petersburg, VA 23803

    Have you ever wanted to own real estate that not only provides a home but also generates income? Whether your goal is to reduce your housing costs through an ideal house hack, acquire a turn-key property before year-end for tax advantages, complete a 1031 exchange, or scale from single-family to multifamily investing, 176 Mckeever St delivers. This fully renovated duplex offers income potential,

    Johanna Ordonez EXP Realty LLC

    176 Mckeever St, Petersburg, VA 23803
  • /17

    $229,000

    • 1,296 Sq Ft

    174 Mckeever St, Petersburg, VA 23803

    Have you ever wanted to own real estate that not only provides a home but also generates income? Whether your goal is to reduce your housing costs through an ideal house hack, acquire a turn-key property before year-end for tax advantages, complete a 1031 exchange, or scale from single-family to multifamily investing, 174 Mckeever St delivers. This fully renovated duplex offers income potential,

    Johanna Ordonez EXP Realty LLC

    174 Mckeever St, Petersburg, VA 23803
  • /42

    $239,900

    • 2,980 Sq Ft

    625 W Washington St, Petersburg, VA 23803

    Duplex for sale in Petersburg's Historic District. This is a wonderful buying opportunity. This all Brick Duplex has had renovations and updating already, and just needs your final touches. Property has onstreet parking on W Washington St and off-street parking in rear where property has road frontage at Hinton St. Unit A has a Living Room, 2 Bedrooms, Kitchen, Family Room, and Full Hall Bath (

    David Liggan EXP Realty LLC

    625 W Washington St, Petersburg, VA 23803
  • /22

    $197,850

    • 1,296 Sq Ft

    172 Mckeever St, Petersburg, VA 23803

    1973 Built 2/2 Duplex in Beautiful Petersburg, Virginia. For Sale. This property in Vacant and has just been cleaned and made rent ready. Property was renovated not too long ago, has new roof, new carpet, vinyl siding, new HVAC, and has 2 off street parking spaces. Last rents were $1250.00 per month for each unit, $2500.00 monthly. Each unit is about 648 sq ft in size, has a living room, kitchen,

    Matt Smith Weichert Brockwell & Associate

    172 Mckeever St, Petersburg, VA 23803
  • /7

    $259,000

    • 3,074 Sq Ft

    224 S Jefferson St, Petersburg, VA 23803

    OWNER FINANCING OFFERED . This duplex offers two self-contained 3BR/2BA units (6BR/4BA total) and is ready for full renovation—major foundational updates already completed, including new plumbing and water line. Eligible for historic tax credits and incentives, making it a great value-add opportunity. Zoned for multi-family use—ideal for rental income or multi-generational living. Just minutes

    Fronsheena West Century 21 Lifestyle

    224 S Jefferson St, Petersburg, VA 23803
  • /23

    $309,950

    • 5,072 Sq Ft

    235 Grove Ave Unit 37, Petersburg, VA 23803

    *Petersburg Best Buy- Historic QUAD* Historic QUAD available in Old Towne Petersburg. This fabulous property has 4 units, there are 2- two-bedroom units and 2- studio or 1-bedroom basement units. This property backs up to the Appomattox River, and is a short walk to Old Towne Petersburg, and just minutes from VSU. This property is in an historic tax credit location, so if restored correctly,

    Matt Smith Weichert Brockwell & Associate

    235 Grove Ave Unit 37, Petersburg, VA 23803
  • /27

    $259,950

    • 2,432 Sq Ft

    356 Mistletoe St, Petersburg, VA 23803

    Welcome to 356 Mistletoe Street, a stunning, fully renovated Duplex in Petersburg! Each unit offers three generously sized bedrooms and one full bathroom, offering an ideal flow for daily living and entertaining. Both units feature modern kitchens, in unit washer/dryer hook ups, updated flooring and paint throughout. Short drive to Virginia State University, commuter rail stations, and access to

    William Coalson Hometown Realty

    356 Mistletoe St, Petersburg, VA 23803
  • /16

    $209,900

    • Studio
    • 2,196 Sq Ft

    2203 Ferndale Ave, Petersburg, VA 23803

    Price Improvement - Investor Special – Triplex in Kenilworth Subdivision!Opportunity knocks at 2203 Ferndale Avenue, a 3-unit multifamily property located in the heart of Petersburg, VA. This 2,196 sq ft triplex features three one-bedroom units and sits on a expansive 0.15-acre corner lot. Per the county an additional accessory building can be added on the lot. Built in 1974, the property

    Krystle Smith CENTURY 21 New Millennium

    2203 Ferndale Ave, Petersburg, VA 23803
  • /2

    $200,000

    • 2,624 Sq Ft

    1001 Hinton St Unit 3, Petersburg, VA 23803

    Great investment property!!!

    Janet Morgan Real Broker LLC

    1001 Hinton St Unit 3, Petersburg, VA 23803

Why Live in Petersburg

Petersburg, Virginia, located 20 miles south of Richmond, is a small city undergoing significant revitalization. With a picturesque downtown near the Appomattox River, it attracts those interested in local food, art, and community. The city has seen a boost from Gov. Glen Youngkin’s Partnership for Petersburg, which includes over 40 initiatives aimed at improving various sectors, including retail and education. The potential installation of a casino, pending a public referendum in November 2024, could further enhance tax revenue and job creation. Petersburg's housing market features a mix of historic 1850s brick rowhouses, multi-unit buildings, and fixer-uppers, with single-owner properties being the majority. The city’s largest employers include Fort Gregg-Adams and Bon Secours Medical Hospital.

Petersburg offers a range of things to do, such as kayaking on Wilcox Lake at Legends Park, golfing at Dogwood Trace Golf Course, and enjoying fitness facilities at the renovated Petersburg Family YMCA. The downtown dining scene features comfort food at places like Alibi, Croaker’s Spot, and Saucy’s Sit-Down BBQ, while Trapezium Brewery and Demolition Coffee add to the local flavor. The monthly Friday for the Arts event showcases the city’s artistic side, with art walks and exhibits in Old Towne.

Transportation is facilitated by Crater Road, which connects to major commuter routes and retail areas, and the Petersburg Station bus depot, part of the downtown revitalization. The city has also focused on reducing crime, with a 20% increase in police staffing and a 33% reduction in the local crime rate from 2022 to 2023.

Home Trends in Petersburg, VA

Housing Trends

Median Sale Price
$250,000
Median Single Family Sale Price
$250,000
Median Townhouse Sale Price
$299,999
Median 2 Bedroom Sale Price
$192,000
Average Price Per Sq Ft
$168
Number of Homes for Sale
149
Last 12 months Home Sales
575
Months of Supply
3.10
Median List Price
$257,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
9%
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