1526-1528 Lincoln Street, Petersburg, VA 23803
Local realty services provided by:Better Homes and Gardens Real Estate Base Camp
1526-1528 Lincoln Street,Petersburg, VA 23803
$185,000
- - Beds
- - Baths
- 1,345 sq. ft.
- Multi-family
- Active
Listed by: kim hernandez
Office: legacy builders real estate group llc.
MLS#:2617205
Source:RV
Price summary
- Price:$185,000
- Price per sq. ft.:$137.55
About this home
INVESTOR OPPORTUNITY! Don't miss this income-producing duplex in the growing Petersburg market. This property offers the perfect combination of immediate cash flow and value-add potential. Unit 1526 is occupied by a long-term tenant on a month-to-month lease, providing flexibility for future rent adjustments, renovations, or future occupancy options. Unit 1528 has been refreshed with fresh paint and new carpet and is move-in ready, with a new tenant expected to occupy the unit soon.
Each unit features 2 bedrooms and 1 bathroom with separate entrances, making this an ideal addition to any rental portfolio. While the property could benefit from additional updates, it presents an excellent opportunity for investors to build equity and increase future cash flow through strategic improvements. The existing tenant occupancy and upcoming lease-up provide a strong foundation for immediate and future income potential.
Conveniently located near Downtown Petersburg, Virginia State University, Fort Gregg-Adams, shopping, dining, major employers, and easy access to I-95. Whether you're looking to expand your investment portfolio, house hack, or reposition an asset for stronger returns, this duplex offers both current income and upside potential.
Property is being sold AS-IS. Seller will make no repairs. Inspections are for informational purposes only. Bring your vision and take advantage of this opportunity to acquire a cash-flowing multifamily property in a growing rental market....
Contact an agent
Home facts
- Year built:1965
- Listing ID #:2617205
- Added:2 day(s) ago
- Updated:June 26, 2026 at 02:28 PM
Rooms and interior
- Living area:1,345 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1965
- Building area:1,345 sq. ft.
- Lot area:0.12 Acres
- Architectural Style:Ranch
- Construction Materials:Aluminum Siding, Drywall, Frame
- Levels:One
Schools
- High school:Petersburg
- Middle school:Vernon Johns
- Elementary school:Cool Spring
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$185,000
- Price per sq. ft.:$137.55
- Tax amount:$2,121 (2025)
Parking
- Parking description:Driveway, Off Street, Unpaved, Unpaved Driveway
New listings near 1526-1528 Lincoln Street
- New
$255,000Active3 beds 1 baths1,248 sq. ft.2587 Pinehurst Drive, Petersburg, VA 23805
MLS# 2616903Listed by: 1ST CLASS REAL ESTATE-COASTAL BREEZE - New
$215,000Active-- beds -- baths1,536 sq. ft.1212-1214 Montgomery Avenue, Petersburg, VA 23803
MLS# 2617252Listed by: REAL BROKER LLC
$90,000Pending2 beds 1 baths1419 Custer Street, Petersburg, VA 23803
MLS# 2617221Listed by: SAMSON PROPERTIES- New
$339,950Active6 beds 7 baths1,800 sq. ft.617 Cameron Street, Petersburg, VA 23803
MLS# 2617344Listed by: WEICHERT BROCKWELL & ASSOCIATE - New
$199,950Active-- beds -- baths1,758 sq. ft.927 Farmer Street, Petersburg, VA 23803
MLS# 2617357Listed by: WEICHERT BROCKWELL & ASSOCIATE - New
$339,950Active6 beds 4 baths2,534 sq. ft.601 Cameron Street, Petersburg, VA 23803
MLS# 2617337Listed by: WEICHERT BROCKWELL & ASSOCIATE - New
$339,950Active6 beds 7 baths1,800 sq. ft.609 Cameron Street, Petersburg, VA 23803
MLS# 2617339Listed by: WEICHERT BROCKWELL & ASSOCIATE - New
$339,950Active6 beds 7 baths1,800 sq. ft.613 Cameron Street, Petersburg, VA 23803
MLS# 2617342Listed by: WEICHERT BROCKWELL & ASSOCIATE - New
$249,999Active4 beds 3 baths1,176 sq. ft.124 S Little Church Street, Petersburg, VA 23803
MLS# 2617294Listed by: EXP REALTY, LLC - New
$169,950Active2 beds 1 baths850 sq. ft.1584 Mount Vernon Street, Petersburg, VA 23805
MLS# 2617152Listed by: INGRAM & ASSOCIATES-HOPEWELL