840 Commerce ST Active Save Request In-Person Tour Request Virtual Tour
Petersburg,VA 23803
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,896 sqft
Price per Sqft $163
Subdivision Pembroke
MLS Listing ID 2531038
Style Victorian
Construction Status Actual
HOA Y/N No
Year Built 1860
Annual Tax Amount $1,489
Tax Year 2025
Lot Size 9,178 Sqft
Acres 0.2107
Property Sub-Type Duplex
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.
Location
State VA
County Petersburg
Community Pembroke
Area 57 - Petersburg
Rooms
Basement Crawl Space
Interior
Interior Features Bay Window,Eat-in Kitchen,Fireplace,Granite Counters,High Ceilings,High Speed Internet,Bath in Primary Bedroom,Wired for Data
Fireplace Yes
Appliance Electric Water Heater,Water Heater
Laundry Washer Hookup,Dryer Hookup
Exterior
Fence None
Roof Type Metal
Porch Front Porch
Garage No
Building
Lot Description Level
Story 2
Sewer Public Sewer
Water Public
Architectural Style Victorian
Level or Stories Two
Structure Type Vinyl Siding,Wood Siding
Construction Status Actual
Schools
Elementary Schools Pleasants Lane
Middle Schools Vernon Johns
High Schools Petersburg
Others
Tax ID 023-070001
Ownership Corporate
Special Listing Condition Corporate Listing