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840 Commerce Street, 
Petersburg, VA 23803

$310,000


Bed


Bath


1,896

Sq Ft


Multi-Family

Active

Listed by

Richard Sena

Redfin Corporation

703-592-6913

Last updated:

November 11, 2025, 01:19 AM

MLS#

2531038

Source:

RV

About This Home

840 Commerce Street

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.

Home Facts

Multi-Family

Built in 1860

Price Summary

310,000

$163 per Sq. Ft.

MLS #:

2531038

Last Updated:

November 11, 2025, 01:19 AM

Added:

6 day(s) ago


Rooms & Interior

Interior

Living Area:

1,896 Sq. Ft.


Structure

Structure

Architectural Style:

Victorian

Building Area:

1,896 Sq. Ft.

Year Built:

1860


Lot

Lot Size (Sq. Ft):

9,178


Finances & Disclosures

Finances

Price:

$310,000

Price per Sq. Ft:

$163 per Sq. Ft.

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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 © 2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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