$229,000
- Studio
- 2,196 Sq Ft
2203 Ferndale Ave, Petersburg, VA 23803
Krystle Smith CENTURY 21 New Millennium
$229,000
2203 Ferndale Ave, Petersburg, VA 23803
Krystle Smith CENTURY 21 New Millennium
$369,000
317 S West St, Petersburg, VA 23803
Cindy Flores Fairfax Realty Select
$230,000
434 S Sycamore St Unit 36, Petersburg, VA 23803
Clifford Wheatley Wheatley Property Management
$280,000
224 S Jefferson St, Petersburg, VA 23803
Fronsheena West Century 21 Lifestyle
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.
On average, homes in Petersburg, VA sell after 56 days on the market compared to the national average of 70 days. The median sale price for homes in Petersburg, VA over the last 12 months is $317,000, up 20% from the median home sale price over the previous 12 months.
In Petersburg, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $229,000 to $369,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Petersburg is $328,000, while the average sale price is $347,514, offering insights into the local housing market. On average, multi-family homes spend 56 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.