115 S South Street, Petersburg, VA 23803

Local realty services provided by:Better Homes and Gardens Real Estate Base Camp
115 S South Street,Petersburg, VA 23803
$329,000
  • - Beds
  • - Baths
  • 2,666 sq. ft.
  • Multi-family
  • Active
Listed by: henry garcia
Office: oakstone properties
MLS#:2601568
Source:RV

Price summary

  • Price:$329,000
  • Price per sq. ft.:$123.41

About this home

Updated Quadplex in Historic Petersburg – Strong Income & Long-Term Upside Located in the heart of Petersburg’s historic district, this well-maintained four-unit multifamily property offers an excellent opportunity for investors seeking stable cash flow with upside potential. The property has been thoughtfully updated within the last three years, blending historic charm with modern improvements. The quadplex is currently 75% occupied, with three tenants on newly signed one-year leases, providing immediate and reliable income. Each unit features functional layouts, and recent updates help reduce near-term capital expenses, making this a truly turnkey investment. A newly paved rear parking area provides approximately five off-street parking spaces, an added benefit rarely found in historic properties. Situated in a desirable historic area with ongoing revitalization, the property benefits from proximity to downtown Petersburg, major employers, dining, and commuter routes.

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Home facts

  • Year built:1941
  • Listing ID #:2601568
  • Added:3 day(s) ago
  • Updated:January 22, 2026 at 11:16 PM

Rooms and interior

  • Living area:2,666 sq. ft.

Structure and exterior

  • Roof:Metal
  • Year built:1941
  • Building area:2,666 sq. ft.
  • Lot area:0.14 Acres

Schools

  • High school:Petersburg
  • Middle school:Vernon Johns
  • Elementary school:Cool Spring

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$329,000
  • Price per sq. ft.:$123.41
  • Tax amount:$880 (2023)
MLS LogoThe information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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