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840 Commerce Street, Petersburg, VA 23803 (MLS # 2531038)
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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.
Property Type(s):
Multi Family
| Last Updated | 11/9/2025 | Tract | Pembroke |
|---|---|---|---|
| Year Built | 1860 | Community | 57 - Petersburg |
| County | Petersburg |
SCHOOLS
| Elementary School | Pleasants Lane |
|---|---|
| Jr. High School | Vernon Johns |
| High School | Petersburg |
Additional Details
| APPLIANCES | Electric Water Heater, Water Heater |
|---|---|
| AREA | 57 - Petersburg |
| BASEMENT | Crawl Space |
| CONSTRUCTION | Vinyl Siding, Wood Siding |
| FIREPLACE | Yes |
| INTERIOR | Eat-in Kitchen, Granite Counters, High Ceilings, High Speed Internet, Wired for Data |
| LOT | 9178 sq ft |
| LOT DESCRIPTION | Level |
| PARKING | Off Street |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Victorian |
| SUBDIVISION | Pembroke |
| TAXES | 1489.71 |
| WATER | Public |
| ZONING | R-3 |
Location
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Listed with Redfin Corporation
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
Last Updated: 11/18/25 4:27 AM PST
This IDX solution is (c) Diverse Solutions 2025.
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