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Petersburg, VA Multifamily Homes & Duplexes for Sale

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    $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
  • /32

    $369,000

    • 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
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    $230,000

    • 3,812 Sq Ft

    434 S Sycamore St Unit 36, Petersburg, VA 23803

    Historic brick duplex being sold as is will need to be a cash, private or hard money deal. Located within walking distance of the shops and restaurants of Olde Town Petersburg. Needs updating and remodeling but in good shape for being 110 years old. Each unit is over 1,900 square feet with 3 bedrooms and 1 bathroom and there is a unfinished basement that is over 1,800 square feet. Each unit has

    Clifford Wheatley Wheatley Property Management

    434 S Sycamore St Unit 36, Petersburg, VA 23803
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    $280,000

    • 3,074 Sq Ft

    224 S Jefferson St, Petersburg, VA 23803

    Duplex situated in the heart of the Poplar Lawn Historic District, this duplex presents a unique opportunity for investors or homeowners seeking value and long-term upside. Each floor features a self-contained unit with 3 bedrooms and 2 full bathrooms, for a combined total of 6 bedrooms and 4 bathrooms. This property needs a full renovation, but significant foundational work has already been

    Fronsheena West Century 21 Lifestyle

    224 S Jefferson St, 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
$317,000
Median Single Family Sale Price
$369,900
Median 2 Bedroom Sale Price
$192,000
Average Price Per Sq Ft
$194
Number of Homes for Sale
11
Last 12 months Home Sales
122
Months of Supply
1.10
Median List Price
$328,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
20%
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