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Sold for $185,000
  • $185,000

    1526-1528 Lincoln Rd, Petersburg, VA 23803

    4beds
    2baths
    1,345sqft
    Duplex, Multi Family, Multi Family
    Built in 1965
    -- sqft lot
    $185,100 Zestimate®
    $138/sqft
    $1,452 Estimated rent

    Home value

    $185,100

    Estimated sales range

    Not available

    $1,452/mo

    Zestimate® history
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    $1,205/mo

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    What's special

    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Kim Hernandez 804-621-0222,

    Legacy Builders Real Estate Group LLC

    Bought with:

    Jerry Newmy, 0225240282

    KW Metro Center

    Source: CVRMLS,MLS#: 2617205MLS LogoOriginating MLS: Central Virginia Regional MLS

    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: 8/17/2026
    • Ownership: Corporate
    • Ownership type: Corporation

    Price history

    DateEventPrice
    9/4/2026Sold$185,000$138/sqft
    Source: CVRMLS #2617205 Report a problem
    7/15/2026Pending sale$185,000$138/sqft
    Source: CVRMLS #2617205 Report a problem
    7/6/2026Listed for sale$185,000$138/sqft
    Source: CVRMLS #2617205 Report a problem
    6/30/2026Pending sale$185,000$138/sqft
    Source: CVRMLS #2617205 Report a problem
    6/24/2026Listed for sale$185,000+8.8%$138/sqft
    Source: CVRMLS #2617205 Report a problem
    11/22/2024Sold$170,000-12.8%$126/sqft
    Source: CVRMLS #2424307 Report a problem
    10/27/2024Pending sale$195,000$145/sqft
    Source: CVRMLS #2424307 Report a problem
    9/23/2024Listed for sale$195,000+254.5%$145/sqft
    Source: CVRMLS #2424307 Report a problem
    2/24/2017Sold$55,000$41/sqft
    Source: CVRMLS #1704374 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 23803

    Nearby schools

    GreatSchools rating
    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.

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    Estimated market value
    $185,100
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $185,100