INVESTOR OPPORTUNITY! Don't miss this income-producing duplex in the growing Petersburg market. This property offers the perfect combination of immediate cash flow and value-add potential. Unit 1526 is occupied by a long-term tenant on a month-to-month lease, providing flexibility for future rent adjustments, renovations, or future occupancy options. Unit 1528 has been refreshed with fresh paint and new carpet and is move-in ready, with a new tenant expected to occupy the unit soon.
Each unit features 2 bedrooms and 1 bathroom with separate entrances, making this an ideal addition to any rental portfolio. While the property could benefit from additional updates, it presents an excellent opportunity for investors to build equity and increase future cash flow through strategic improvements. The existing tenant occupancy and upcoming lease-up provide a strong foundation for immediate and future income potential.
Conveniently located near Downtown Petersburg, Virginia State University, Fort Gregg-Adams, shopping, dining, major employers, and easy access to I-95. Whether you're looking to expand your investment portfolio, house hack, or reposition an asset for stronger returns, this duplex offers both current income and upside potential.
Property is being sold AS-IS. Seller will make no repairs. Inspections are for informational purposes only. Bring your vision and take advantage of this opportunity to acquire a cash-flowing multifamily property in a growing rental market.
For sale
$185,000
1526-1528 Lincoln Rd, Petersburg, VA 23803
4beds
2baths
1,345sqft
Duplex, Multi Family, Multi Family
Built in 1965
-- sqft lot
$182,500 Zestimate®
$138/sqft
$-- HOA
What's special
- 10 days |
- 271 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Kim Hernandez 804-621-0222,
Legacy Builders Real Estate Group LLC
Source: CVRMLS,MLS#: 2617205
Originating MLS: Central Virginia Regional MLS
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Has basement: No
- Attic: Access Only
Interior area
- Total interior livable area: 1,345 sqft
Property
Parking
- Parking features: Driveway, Off Street, Unpaved
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Exterior features: Unpaved Driveway
- Fencing: None
Lot
- Size: 5,401 Square Feet
Details
- Parcel number: 046220003
- Zoning description: R-2
- Special conditions: Corporate Listing
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Duplex, Multi Family, Multi Family
Materials
- Aluminum Siding, Drywall, Frame
- Roof: Composition
Condition
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Western Hills
Location
- Region: Petersburg
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $167,000
- Annual tax amount: $2,120
- Date on market: 6/27/2026
- Ownership: Corporate
- Ownership type: Corporation
Estimated market value
$182,500
$173,000 - $192,000
$1,516/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for sale | $185,000$138/sqft |
Source: | ||
| 6/30/2026 | Pending sale | $185,000$138/sqft |
Source: | ||
| 6/24/2026 | Listed for sale | $185,000+8.8%$138/sqft |
Source: | ||
| 11/22/2024 | Sold | $170,000-12.8%$126/sqft |
Source: | ||
| 10/27/2024 | Pending sale | $195,000$145/sqft |
Source: | ||
| 9/23/2024 | Listed for sale | $195,000+254.5%$145/sqft |
Source: | ||
| 2/24/2017 | Sold | $55,000$41/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 23803
Nearby schools
GreatSchools rating
- 1/10Pleasants Lane elementaryGrades: K-5Distance: 0.5 mi
- 1/10Vernon Johns Middle SchoolGrades: 6-8Distance: 2.2 mi
- 2/10Petersburg High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Cool Spring
- Middle: Vernon Johns
- High: Petersburg
Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Virginia
- Petersburg City
- Petersburg
- 23803
- 1526-1528 Lincoln Rd





