Share This Listing

Message

934 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

172 McKeever St - 2/2 Duplex-Petersburg, VA. 2 Unit Apartment Building Offered at $197,750 at a 13.36% Cap Rate Petersburg, VA 23803

Save this listing!

Favorite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Like New 2/2 Duplex ready to Rent
  • New carpet, new roof, new HVAC Vinyl siding- Low Maintenance
  • Close to I-95 & I-85

EXECUTIVE SUMMARY

*Petersburg Best Buy*
READY to RENT - 1973 Built 2/2 Duplex in Beautiful Petersburg, Virginia. For Sale. This property in Vacant and has just been cleaned and made rent ready. Property was renovated not too long ago, has new roof, new carpet, vinyl siding, new HVAC, and has 2 off street parking spaces. Last rents were $1250.00 per month for each unit, $2500.00 monthly. Each unit is about 648 sq ft in size, has a living room, kitchen, 2 bedrooms and a bath. Property is close to old town Petersburg, I-95, I-84, VSU and Ft Lee.. Don't let this one pass you by. Drive by and take a look today.

FINANCIAL SUMMARY (PRO FORMA - 2026)

ANNUAL ANNUAL PER SF
Gross Rental Income $30,000 $23.15
Other Income - -
Vacancy Loss - -
Effective Gross Income $30,000 $23.15
Taxes $1,086 $0.84
Operating Expenses $2,500 $1.93
Total Expenses $3,586 $2.77
Net Operating Income $26,414 $20.38

FINANCIAL SUMMARY (PRO FORMA - 2026)

Gross Rental Income
Annual $30,000
Annual Per SF $23.15
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $30,000
Annual Per SF $23.15
Taxes
Annual $1,086
Annual Per SF $0.84
Operating Expenses
Annual $2,500
Annual Per SF $1.93
Total Expenses
Annual $3,586
Annual Per SF $2.77
Net Operating Income
Annual $26,414
Annual Per SF $20.38

PROPERTY FACTS

Price $197,750
Price Per Unit $98,875
Sale Type Investment
Cap Rate 13.36%
Sale Condition 1031 Exchange
No. Units 2
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Garden
Lot Size 0.27 AC
Building Size 1,296 SF
Average Occupancy 0%
No. Stories 1
Year Built/Renovated 1973/2024
Opportunity Zone Yes
Zoning R-3 - Multi Family

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Heating
  • Ceiling Fans
  • Kitchen
  • Oven
  • Carpet
  • Breakfast Nook

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 2 $1,250 648
  • Listing ID: 38330043

  • Date on Market: 11/4/2025

  • Last Updated:

  • Address: 172 McKeever St, Petersburg, VA 23803

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}