840 Commerce Street, Petersburg, VA 23803
Local realty services provided by:ERA Real Estate Professionals
840 Commerce Street,Petersburg, VA 23803
$310,000
- - Beds
- - Baths
- 1,896 sq. ft.
- Multi-family
- Active
Listed by: richard sena
Office: redfin corporation
MLS#:2531038
Source:RV
Price summary
- Price:$310,000
- Price per sq. ft.:$163.5
About this home
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 & Floor Plans
Unit One: 2 bedrooms + flex room | 1 bath | Spacious living areas
Unit Two: 1 bedroom | 1 bath | Efficient, cozy layout
The versatile floor plans offer excellent leasing flexibility—perfect for long-term tenants, traveling professionals, or even an owner-occupant house-hack strategy in the larger unit.
Key Investment Highlights
Updated interiors while maintaining period character
Strong rental demand in the downtown corridor
Separate living spaces for stable dual-income potential
Low-maintenance improvements and refreshed finishes
Opportunity to increase rents as area growth continues
Located steps from downtown dining, shops, arts venues, and commuter routes, this property benefits from steady rental interest driven by Petersburg’s ongoing development and proximity to Richmond, Fort Gregg-Adams, and major transportation hubs.
Whether you're expanding your portfolio or seeking your first income property, this duplex offers the rare combination of historic charm, modern updates, and consistent rental upside.
Secure your foothold in one of Virginia’s most promising growth markets—schedule your tour today.
Contact an agent
Home facts
- Year built:1860
- Listing ID #:2531038
- Added:1 day(s) ago
- Updated:November 10, 2025 at 02:30 PM
Rooms and interior
- Living area:1,896 sq. ft.
Structure and exterior
- Roof:Metal
- Year built:1860
- Building area:1,896 sq. ft.
- Lot area:0.21 Acres
Schools
- High school:Petersburg
- Middle school:Vernon Johns
- Elementary school:Pleasants Lane
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$310,000
- Price per sq. ft.:$163.5
- Tax amount:$1,490 (2025)
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