1227 Montgomery Ave Petersburg, VA 23803
Estimated payment $852/month
Total Views
23,045
3
Beds
1
Bath
980
Sq Ft
$153
Price per Sq Ft
Highlights
- Hot Property
- Heating Available
- 1-Story Property
- Cottage
About This Home
Charming Ranch-Style Cottage in Petersburg-
Investor Friendly
Positive Cash Flow, Turnkey Rental – Day 1 Income
This turnkey, positive cash flow property in Petersburg eliminates all that hassle – you’ll be making money from Day 1.
Featuring 3 bedrooms, 1 bath, baseboard heating, and window A/C units, this home has been a steady income producer for several years. No, it’s not brand new – but that’s exactly what makes it a true investment property. It works hard, and it already pays.
Tenant in place through April 2026
Rents at $1,299/month, current and up to date
Sold as-is, with lease and tenants to convey
Drive by today, see the location, and make your move.
Located near shopping, dining, parks, and major roadways, this home makes everyday living easy and convenient.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $715
Year Built
- Built in 1957
Lot Details
- 6,974 Sq Ft Lot
- Zoning described as R-2
Home Design
- Cottage
- Bungalow
- Frame Construction
- Composition Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 980 Sq Ft Home
- 1-Story Property
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Stoop
Schools
- Cool Spring Elementary School
- Vernon Johns Middle School
- Petersburg High School
Utilities
- No Cooling
- Heating Available
- Water Heater
Community Details
- Birdville Park Subdivision
Listing and Financial Details
- Tax Lot 11
- Assessor Parcel Number 046-230016
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $715 | $98,000 | $11,200 | $86,800 |
| 2024 | $715 | $98,000 | $11,200 | $86,800 |
| 2023 | $715 | $56,300 | $8,500 | $47,800 |
| 2022 | $715 | $56,300 | $8,500 | $47,800 |
| 2021 | $745 | $55,200 | $8,300 | $46,900 |
| 2020 | $745 | $55,200 | $8,300 | $46,900 |
| 2019 | $745 | $55,200 | $8,300 | $46,900 |
| 2018 | $745 | $55,200 | $8,300 | $46,900 |
| 2017 | $745 | $55,200 | $8,300 | $46,900 |
| 2016 | $745 | $55,200 | $0 | $0 |
| 2014 | $745 | $0 | $0 | $0 |
| 2013 | $693 | $0 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/17/2025 10/17/25 | For Sale | $149,990 | 0.0% | $153 / Sq Ft | |
| 10/15/2025 10/15/25 | Pending | -- | -- | -- | |
| 10/03/2025 10/03/25 | For Sale | $149,990 | +429.6% | $153 / Sq Ft | |
| 07/23/2018 07/23/18 | Sold | $28,319 | -48.7% | $29 / Sq Ft | View Prior Sale |
| 05/29/2018 05/29/18 | Pending | -- | -- | -- | |
| 04/18/2018 04/18/18 | For Sale | $55,200 | -- | $56 / Sq Ft |
Source: Central Virginia Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | -- |
Source: Public Records
About the Listing Agent
Nicole Lee (Niki) has proudly called Richmond home for 25 years and is a trusted neighborhood expert in the Glen Allen area. She works all over the area from Dinwiddie to the Rivah area . As a dedicated foster mom and dog mom, Niki brings compassion, care, and a personal touch to her work. With years of real estate experience, she specializes in helping buyers find their dream homes and guiding sellers to maximize their property's value. Niki’s in-depth knowledge of the local market,
Nicole's Other Listings
Source: Central Virginia Regional MLS
MLS Number: 2527642
APN: 046-23-0016
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.
All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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