$290,000

840 Commerce St, Petersburg, VA 23803

  • 1,896 sqft
  • Property Icon Duplex
  • Property Year Built Icon Built in 1860
  • Property Lot Size Icon9,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $153/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
February 12, 2026 at 6:18AM
Listing Office:
Redfin Corporation : (703) 592-6913
Listing Agent:
Richard Sena : (804) 904-7258
MLS ID:
2531038
  • General: Bay WindowEat-in KitchenFireplaceGranite CountersHigh CeilingsHigh Speed InternetBath in Primary BedroomWired for Data
  • Appliances: Electric Water HeaterWater Heater
  • Laundry: Washer HookupDryer Hookup
  • Basement: Crawl Space
  • Fireplace: Fireplace
  • Style: Victorian
  • Other Structures: Front Porch
  • Parking: Off Street
  • Roofing: Metal
  • General: Vinyl SidingWood Siding2
  • Originating MLS: CVR
  • County: Petersburg
  • Zoning: PRIDESFIELD PT LT 49-50 85X108.5023-070001
  • Fencing: None
  • Water: Public
  • Sewer: Public Sewer
  • Source: CVR
  • Ownership: CorporateCorporation

This listing courtesy of Richard Sena , Redfin Corporation

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Pleasants Lane Elementary School

100 Pleasants Ln, Petersburg, VA, 23803

Grades KG-5

1.18 miles away

V

Vernon Johns Middle School

3101 Homestead Dr, Petersburg, VA, 23805

Grades 6-8

2.95 miles away

P

Petersburg High School

3101 Johnson Rd, Petersburg, VA, 23805

Grades 9-12

2.87 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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