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688 Pegram Street, 
Petersburg, VA 23803

$89,900


3

Beds


1

Bath


1,665

Sq Ft


Single Family

Pending

Listed by

Mike Hogan

The Hogan Group Real Estate

804-571-2900

Last updated:

January 1, 2026, 02:30 PM

MLS#

2533837

Source:

RV

About This Home

688 Pegram Street

Opportunity knocks for the savvy investor with this value-add property offering strong upside for both a flip or buy-and-hold strategy. This solidly built home features a flexible floorplan with plenty of square footage, allowing it to remain a true 4-bedroom, 1-bath layout or be thoughtfully reconfigured into a more modern and marketable 3-bedroom, 2 full-bath design. The existing footprint supports multiple renovation strategies, giving investors the freedom to optimize for resale or long-term rental performance. The exterior offers classic curb appeal with a covered front porch and a deep lot, while the rear includes a screened porch area that could be restored or repurposed into a desirable outdoor living feature. Inside, the home retains original finishes throughout, including wood paneling, dated flooring, and vintage fixtures, providing a clean slate for cosmetic or full-scale renovation. Living areas are generously sized with good natural light, making it easy to modernize while maintaining functional flow. The kitchen remains in original condition, ideal for a full redesign to maximize efficiency and value. Bedrooms are well-proportioned, and the existing bathroom presents an opportunity for a high-impact upgrade, especially if reworked into a two-bath configuration. From a systems standpoint, several major improvements are already in place, helping reduce upfront capital costs. The home features upgraded vinyl replacement windows (not new) and a heat pump system providing central air conditioning and heat. These updates allow you to focus renovation dollars where they matter most: layout, finishes, and overall presentation. Whether your strategy is a full renovation for resale or a strategic update for rental stabilization, this property offers the fundamentals investors look for, space, layout flexibility, and key mechanical upgrades. With the right vision and execution, this home has the potential to become a strong-performing asset and a profitable addition to your portfolio.

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1920

Price Summary

89,900

$53 per Sq. Ft.

MLS #:

2533837

Last Updated:

January 1, 2026, 02:30 PM

Added:

5 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,665 Sq. Ft.


Structure

Structure

Architectural Style:

Bungalow, Cottage

Building Area:

1,665 Sq. Ft.

Year Built:

1920


Lot

Lot Size (Sq. Ft):

8,398


Finances & Disclosures

Finances

Price:

$89,900

Price per Sq. Ft:

$53 per Sq. Ft.

MLS Logo
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. All information provided is deemed reliable but is not guaranteed accurate.The multiple listing information is provided by Central Virginia Regional Multiple Listing Service, LLC from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.