5

Petersburg, VA Multifamily Homes & Duplexes for Sale

Section Image
  • 1130 W High St, Petersburg, VA 23803
    1130 W High St, Petersburg, VA 23803
    1130 W High St, Petersburg, VA 23803
    /34

    $299,950

    • 1,600 Sq Ft

    1130 W High St, Petersburg, VA 23803

    Welcome to this beautifully renovated duplex in the heart of historic Petersburg! Each unit offers 2 spacious bedrooms and 1.5 bathrooms, thoughtfully updated with modern finishes and move-in ready condition. The beautiful kitchens feature modern cabinets, granite countertops with tiled backsplash and stainless-steel appliances. Recessed lighting and new fixtures. Gorgeous hardwood floors

    Sandra Craver Virginia Capital Realty

    1130 W High St, Petersburg, VA 23803
  • 529 Harrison St Unit 31, Petersburg, VA 23803
    529 Harrison St Unit 31, Petersburg, VA 23803
    529 Harrison St Unit 31, Petersburg, VA 23803
    /3

    $183,500

    • Studio
    • 2,678 Sq Ft

    529 Harrison St Unit 31, Petersburg, VA 23803

    This Multi-Unit/Triplex in the Poplar Lawn historic district is an investment opportunity you have been waiting for. 529, 530, 531 Harrison St. Totaling 2,678 sq. ft., this property features two levels on a corner lot, consisting of 3 one-bedroom units. This is your project for a long-term equity potential: PLUS a rental income for many years to come as you build your equity into the home.

    Catherine Fleishman Catherine Roxas Fleishman

    529 Harrison St Unit 31, Petersburg, VA 23803
  • 2203 Ferndale Ave, Petersburg, VA 23803
    2203 Ferndale Ave, Petersburg, VA 23803
    2203 Ferndale Ave, Petersburg, VA 23803
    /16

    $229,000

    • Studio
    • 2,196 Sq Ft

    2203 Ferndale Ave, Petersburg, VA 23803

    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 needs a full rehab,

    Krystle Smith CENTURY 21 New Millennium

    2203 Ferndale Ave, Petersburg, VA 23803
  • 317 S West St, Petersburg, VA 23803
    317 S West St, Petersburg, VA 23803
    317 S West St, Petersburg, VA 23803
    /32

    $359,000

    • Studio
    • 1,933 Sq Ft

    317 S West St, Petersburg, VA 23803

    Welcome to your new home! This beautifully renovated duplex is located in the heart of historic Petersburg, just minutes from charming downtown shops, restaurants, and Fort Gregg-Adams — making it ideal for both commuters and military families. Every detail has been thoughtfully upgraded: brand-new HVAC system, water pump, flooring, fresh paint, modern lighting, and a stylish kitchen featuring

    Cindy Flores Fairfax Realty Select

    317 S West St, Petersburg, VA 23803
  • 356 Mistletoe St, Petersburg, VA 23803
    356 Mistletoe St, Petersburg, VA 23803
    /2

    $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 two 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

    William Coalson Hometown Realty

    356 Mistletoe St, Petersburg, VA 23803
Virginia Petersburg County Petersburg

Multi-Family Homes & Duplexes for Sale in Petersburg, VA

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.

Learn more about living in Petersburg

Home Trends in Petersburg, VA

On average, homes in Petersburg, VA sell after 41 days on the market compared to the national average of 52 days. The median sale price for homes in Petersburg, VA over the last 12 months is $248,575, up 9% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$248,575
Median Single Family Sale Price
$249,900
Median Townhouse Sale Price
$297,474
Median 2 Bedroom Sale Price
$192,000
Average Price Per Sq Ft
$168
Number of Homes for Sale
146
Last 12 months Home Sales
605
Months of Supply
2.90
Median List Price
$250,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%
How to Buy a Home How to Finance a Home How to Sell a Home

In Petersburg, there are currently 5 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $183,500 to $359,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Petersburg is $250,000, while the average sale price is $247,200, offering insights into the local housing market. On average, multi-family homes spend 41 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Petersburg, VA.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Homes.com Licensing Information

§ 442-H New York Standard Operating Procedures

New York Fair Housing Notice

TREC: Information about brokerage services, Consumer protection notice

California DRE #01937601

Contact Homes.com Brokerage

Copyright © 2025 CoStar Group