840 Commerce Street, Petersburg, VA 23803
Local realty services provided by:Better Homes and Gardens Real Estate Base Camp
840 Commerce Street,Petersburg, VA 23803
$290,000
- - Beds
- - Baths
- 1,896 sq. ft.
- Multi-family
- Active
Listed by: richard sena
Office: redfin corporation
MLS#:2531038
Source:RV
Price summary
- Price:$290,000
- Price per sq. ft.:$152.95
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:104 day(s) ago
- Updated:February 21, 2026 at 03:23 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:$290,000
- Price per sq. ft.:$152.95
- Tax amount:$1,490 (2025)
New listings near 840 Commerce Street
- New
$260,000Active3 beds 2 baths1,487 sq. ft.1745 Oakland Street, Petersburg, VA 23805
MLS# 2603629Listed by: UNITED REAL ESTATE RICHMOND - New
$79,900Active3 beds 1 baths1,123 sq. ft.535 Greensville Avenue, Petersburg, VA 23803
MLS# 2604000Listed by: THE HOGAN GROUP REAL ESTATE - New
$174,950Active2 beds 1 baths720 sq. ft.59 Monument Avenue, Petersburg, VA 23803
MLS# 2603940Listed by: KELLER WILLIAMS REALTY - New
$179,900Active4 beds 2 baths1,640 sq. ft.1319 Custer St, PETERSBURG, VA 23803
MLS# VAPC2000176Listed by: ANR REALTY, LLC - New
$279,900Active3 beds 2 baths2,193 sq. ft.1918 Bogese Drive, Petersburg, VA 23805
MLS# 2603068Listed by: HYLTON & COMPANY - New
$289,900Active4 beds 3 baths2,497 sq. ft.3332 Lancelot Road, Petersburg, VA 23805
MLS# 2603655Listed by: PROVIDENCE HILL REAL ESTATE - New
$425,000Active3 beds 3 baths2,797 sq. ft.1113 Overbrook Road, Petersburg, VA 23805
MLS# 2603865Listed by: WEICHERT BROCKWELL & ASSOCIATE - Open Sun, 1 to 3pmNew
$309,999Active4 beds 3 baths1,860 sq. ft.913 Diamond Street, Petersburg, VA 23803
MLS# 2603786Listed by: EXP REALTY LLC - New
$98,950Active2 beds 1 baths864 sq. ft.135 Elm Street, Petersburg, VA 23803
MLS# 2602153Listed by: CENTURY 21 LIFESTYLE - New
$239,900Active3 beds 2 baths1,300 sq. ft.1616 Circle Drive, Petersburg, VA 23803
MLS# 2603611Listed by: THE WILSON GROUP