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927 Farmer St
Petersburg, VA 23803
927/929 Farmer Street Duplex · Multifamily Property For Sale · 2 Units

Investment Highlights

  • Turn-key rental, 50% occupied.
  • Separate meters.
  • All electric.

Executive Summary

Petersburg Duplex For Sale. Welcome to 927/929 Farmer Street, in Historic Petersburg, Virginia. This Colonial Duplex, has 2 units, each is a 2-bedroom, 1-bath, with baseboard heat and window AC. This Duplex has previously been renovated and is in rented condition. The 1st floor unit is currently rented at $1150.00 per month. The second-floor unit is vacant and is available for showings. This property will be sold in as-is condition, with current tenant. Drive by and take a look today.

Property Facts

Price Per Unit $99,975
Sale Type Investment
Cap Rate 13%
No. Units 2
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Apartments
Apartment Style Low-Rise
Building Class C
Lot Size 0.12 AC
Building Size 1,758 SF
Average Occupancy 50%
No. Stories 2
Year Built/Renovated 1890/2023
Zoning R-3 - 2 - Family

Amenities

Unit Amenities

  • Heating
  • Hardwood Floors
  • Refrigerator
  • Oven

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 $1,250 855

Property Taxes

Property Taxes

Parcel Number
023-41-0023
Land Assessment
$6,900
Improvements Assessment
$100,200
Total Assessment
$107,100
  • Listing ID: 41133083

  • Date on Market: 7/2/2026

  • Last Updated:

  • Address: 927 Farmer St, Petersburg, VA 23803

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