REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 329,000
Est. payment /mo
New
115 S South ST Petersburg, VA 23803
2,666 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,666 sqft
Price per Sqft $123
MLS Listing ID 2601568
Style Tri-Level
Construction Status Approximate
HOA Y/N No
Year Built 1941
Annual Tax Amount $880
Tax Year 2023
Lot Size 6,033 Sqft
Acres 0.1385
Property Sub-Type Quadruplex
Property Description
Updated Quadplex in Historic Petersburg – Strong Income & Long-Term Upside
Located in the heart of Petersburg's historic district, this well-maintained four-unit multifamily property offers an excellent opportunity for investors seeking stable cash flow with upside potential. The property has been thoughtfully updated within the last three years, blending historic charm with modern improvements.
The quadplex is currently 75% occupied, with three tenants on newly signed one-year leases, providing immediate and reliable income. Each unit features functional layouts, and recent updates help reduce near-term capital expenses, making this a truly turnkey investment. A newly paved rear parking area provides approximately five off-street parking spaces, an added benefit rarely found in historic properties.
Situated in a desirable historic area with ongoing revitalization, the property benefits from proximity to downtown Petersburg, major employers, dining, and commuter routes. Whether you're expanding your portfolio or entering the multifamily market, this asset offers strong fundamentals, stabilized income, and future rent-growth potential.
Don't miss this opportunity to own a cash-flowing multifamily property in one of Petersburg's most character-rich neighborhoods.
Located in the heart of Petersburg's historic district, this well-maintained four-unit multifamily property offers an excellent opportunity for investors seeking stable cash flow with upside potential. The property has been thoughtfully updated within the last three years, blending historic charm with modern improvements.
The quadplex is currently 75% occupied, with three tenants on newly signed one-year leases, providing immediate and reliable income. Each unit features functional layouts, and recent updates help reduce near-term capital expenses, making this a truly turnkey investment. A newly paved rear parking area provides approximately five off-street parking spaces, an added benefit rarely found in historic properties.
Situated in a desirable historic area with ongoing revitalization, the property benefits from proximity to downtown Petersburg, major employers, dining, and commuter routes. Whether you're expanding your portfolio or entering the multifamily market, this asset offers strong fundamentals, stabilized income, and future rent-growth potential.
Don't miss this opportunity to own a cash-flowing multifamily property in one of Petersburg's most character-rich neighborhoods.
Location
State VA
County Petersburg
Area 57 - Petersburg
Exterior
Roof Type Metal
Garage No
Building
Story 2
Sewer Public Sewer
Water Public
Architectural Style Tri-Level
Level or Stories Two, Multi/Split
Structure Type Frame,Wood Siding
Construction Status Approximate
Schools
Elementary Schools Cool Spring
Middle Schools Vernon Johns
High Schools Petersburg
Others
Tax ID 023-260001
Ownership Partnership
Listed by Oakstone Properties