840 Commerce Street

Petersburg, VA 23803

$335,000
Price
4
Beds
2
Baths
1,800 Sq. Ft.
$186 / Sq. Ft.
1,800
Sq. Ft.
$186
per Sq. Ft.

Description

This beautifully renovated historic duplex will leave you awestruck. 840 Commerce Street offers a unique blend of historic charm and modern amenities. Completely renovated from top to bottom, this home features stunning granite countertops and beautiful floors throughout. Petersburg, VA, is experiencing a renaissance, making it an ideal location for investment. The house is currently bringing in $1,900 per month in rental income, providing a steady stream of revenue. With its prime location and exquisite...This beautifully renovated historic duplex will leave you awestruck. 840 Commerce Street offers a unique blend of historic charm and modern amenities. Completely renovated from top to bottom, this home features stunning granite countertops and beautiful floors throughout. Petersburg, VA, is experiencing a renaissance, making it an ideal location for investment. The house is currently bringing in $1,900 per month in rental income, providing a steady stream of revenue. With its prime location and exquisite updates, this property is a gem in the heart of Petersburg. And the best part, the house comes with a 5 year tax abatement! Unit A: 3 bedrooms and 1 bathroom
Unit B: 1 bedroom and 1 bathroom
  1. Listed by Derwin Kinston • EXP Realty LLC
    P: (703)-386-6176 derwinkinston@gmail.com

Property Details for 840 Commerce Street

Architectural Style
Two Story
Subdivision Name
Folly Castle
Waterfront
No
LISTING UPDATED: 09/24/2024 03:50 PM

Property Details for 840 Commerce Street

StatusActive
MLS #2421910
Days on Market92
Taxes$1,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Familly
MLS TypeResidential Income / Duplex
Year Built1860
Lot Size-
CountyPetersburg Independent City

Building Information for 840 Commerce Street

Stories2Residences2Year Built1860Lot Size-

Property Information for 840 Commerce Street

Summary
Location and General Information
  • City: Petersburg
  • City Region: Folley Castle
  • County Or Parish: Petersburg
  • Latitude: 37.225955
  • Longitude: -77.417735
  • Postal City: Petersburg
  • Postal Code: 22803
  • State Or Province: VA
  • Unparsed Address: 840 Commerce Street
Taxes and HOA Information
  • Parcel Number: multifamily
  • Tax Annual Amount: $1,500.00
  • Tax Assessed Value: $48,100.00
  • Tax Legal Description: Two story multifamily property
  • Tax Lot: 9173
  • Tax Year: 2024
School Information
  • Elementary School: Pleasants Lane
  • High School: Petersburg
  • Middle Or Junior School: Vernon Johns
Parking
  • Garage: No
Virtual Tour
  • Virtual Tour URL Branded: na
  • Virtual Tour URL Unbranded: na
  • Virtual Tour URL Unbranded2: na
Property
Lot Information
  • Living Area: 1,800.00
  • Lot Size Units: Acres
  • Stories: 2
  • Stories Total: 2
  • Property Sub Type Additional: Duplex
Property and Assessments
  • Number Of Units Total: 2
  • Type of Property: Residential Income
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Year Built: 1860
  • Year Built Details: Renovated
  • CLIP: 3,757,413,203
  • Development Name: Folley Castle
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Roof: Shingle
Interior Features
  • Basement: No
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 0
  • BathsTotal: 0.0
  • Levels: Two
Multi Family
Unit 1
  • Unit Type Description 1: Dishwasher,Central Air
  • Unit Type Actual Rent 1: $1,075.00
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 3
  • Unit Type Leased 1: Yes
  • Unit Type Num Full Baths 1: 1
  • Unit Type Num Half Baths 1: 0
  • Unit Type Area 1: 1000.0
  • Unit Type Actual Rent Range 1: 1075
Unit 2
  • Unit Type Description 2: Dishwasher,Refrigerator,Central Air,Electric
  • Unit Type Actual Rent 2: $825.00
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Leased 2: Yes
  • Unit Type Num Full Baths 2: 1
  • Unit Type Num Half Baths 2: 0
  • Unit Type Area 2: 896.0
  • Unit Type Actual Rent Range 2: 825
Income and Expenses
  • Gross Income: $1,900.00
Rental
Rental Information
  • Price Per Area Unit: Dollars Per Square Foot
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 840 Commerce Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 840 Commerce Street

Taxable ValueLand$11,800Additions$197,800Total$209,600
Tax Record2019$555 ($46 / month)
Home Facts
Baths2.5Total Finished SqFt2,096 SqFtAbove Grade Finished SqFt2,096 SqFtStories2Lot Size9,180 SqFtStyleDuplexYear Built1860Year Renovated2024ZoningR-3CountyPETERSBURG CITYAPN023070001

Schools near 840 Commerce Street

This home is within Petersburg City Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Pleasants Lane elementary
PublicK to 5

Peabody Middle School
Public6 to 8

Petersburg High School
Public9 to 12

Cool Spring Elementary
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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840 Commerce Street is for sale in Petersburg, VA 23803. This property was listed for sale on August 21, 2024 by EXP Realty LLC, it's currently listed at $335,000. It has been on the market for a total of 92 days and was last sold on March 24, 2023. This listing's school district is Petersburg City Public Schools. Nearby schools include Pleasants Lane elementary, Peabody Middle School and Petersburg High School. 840 Commerce Street is a 4-bed, 2-bath, 1,800 sqft built in 1860.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty LLC, Derwin Kinston

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.