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For sale
  • $185,000

    1526-1528 Lincoln Rd, Petersburg, VA 23803

    4beds
    2baths
    1,345sqft
    : 
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    Duplex, Multi Family, Multi Family
    Built in 1965
    -- sqft lot
    $182,500 Zestimate®
    $138/sqft
    $-- HOA

    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.
    10 days
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    271
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    19
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kim Hernandez 804-621-0222,

    Legacy Builders Real Estate Group LLC

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

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      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

        DateEventPrice
        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.

        Monthly payment

        Est. payment

        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

        Getting around

        16 / 100
        Car-Dependent
        29 / 100
        Somewhat Bikeable

        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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