Available for $195,000

Beds: 4

Baths: 2
Sqft: 1,345

Year Built: 1965

Taxes: $2,121/2025

0.12 Acre Lot​

​1528 - Vacant & 1526 - Occupied

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*** DO NOT DISTURB. NO TRESPASSING. BY APPT ONLY***​​

 

This well-maintained duplex in Petersburg offers an excellent opportunity for investors seeking steady cash flow with upside potential. Both units are 2-bedroom, 1-bath with separately metered utilities paid by tenants, reducing owner expenses.

 

Unit 1526 is occupied by a long-term tenant of approximately six years paying $824/month and could benefit from cosmetic updates to increase value.

 

Unit 1528 is rent-ready with fresh paint and new bedroom carpet (2/26), creating an opportunity to lease at market rates. Major updates include a 2020 water heater and 2020 improvements to bathrooms, flooring, plumbing, and lighting. Conveniently located near major commuter routes including Interstate 95, Interstate 85, and Interstate 295, this property combines accessibility, stable income, and value-add potential.
 

ARV: $230K

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Projected Rent:

$1300 Each Unit- $2600/Monthly Income​​​

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Sale Comps:

1. 4 Bed, 2 Bath, 1,296 Sqft - 174 McKeever St. Petersburg, VA 23803

Sold for $228,900 on 01/03/26

2. 4 Bed, 2 Bath, 1,196 Sqft -  176 Mckeever St Petersburg, VA 23803

Sold for $228,900 on 01/03/26

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Property Highlights:

• Unit 1528 Has Long Term Tenant In Place - Could Use Cosmetic Updates

• Unit 1526 Is Newly Vacant - Fresh Paint & New Bedroom Carpet - Rent Ready​

• Utilities Paid By Tenants

• Public Water & Sewer

• Window Units

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PID: 046-220003

Legal Description: WASHINGTON PK LT 52 & PT LT 53