Bought with Unrepresented Buyer • Unrepresented Buyer Office
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Key Details
Sold Price $150,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,678 sqft
Price per Sqft $56
MLS Listing ID VAPC2000140
Style Traditional
Year Built 1906
Annual Tax Amount $828
Tax Year 2025
Property Sub-Type Triplex
Property Description
This Multi-Unit/Triplex in the Poplar Lawn historic district is an investment opportunity you have been waiting for. 529, 530, 531 Harrison St. Totaling 2,678 sq. ft., this property features two levels on a corner lot, consisting of 3 one-bedroom units. This is your project for a long-term equity potential: PLUS a rental income for many years to come as you build your equity into the home. Adding a garage or a porch is permissible on the lot. Zillow metrics indicate that 39.6% of sales were over list price as of June 30, 2025, suggesting that Petersburg is a city where investors and homebuyers can capitalize on their future equity and profit potential. One strategy is for the owner to occupy one unit and generate additional rental income to build their savings for purchasing more multi-family properties to own, then REPEAT the process many times. Key features:
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Location
State VA
County Petersburg City
Zoning R-3
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Exterior
Water Access N
Roof Type Composite
Building
Sewer Private Sewer
Water Public
New Construction N
Schools
Elementary Schools Walnut Hill
Middle Schools Vernon Johns Junior
High Schools Petersburg
School District Petersburg City Public Schools
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Joseph Lam
Broker Associate | License ID: 0682262
Broker Associate License ID: 0682262
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