840 Commerce St
Description
Discover 840 Commerce Street, a turnkey duplex offering strong rental potential in one of Petersburg’s most rapidly revitalizing neighborhoods. Built in 1860 and thoughtfully updated, this property combines the long-term appeal of historic architecture with modern convenience—making it an ideal addition to any investment portfolio. Unit Mix & Floor Plans
Unit One: 2 bedrooms + flex room | 1 bath | Spacious living areas
Unit Two: 1 bedroom | 1 bath...Prime Investment Opportunity in Historic Petersburg
Discover 840 Commerce Street, a turnkey duplex offering strong rental potential in one of Petersburg’s most rapidly revitalizing neighborhoods. Built in 1860 and thoughtfully updated, this property combines the long-term appeal of historic architecture with modern convenience—making it an ideal addition to any investment portfolio. Unit Mix & Floor Plans
Unit One: 2 bedrooms + flex room | 1 bath | Spacious living areas
Unit Two: 1 bedroom | 1 bath | Efficient, cozy layout
The versatile floor plans offer excellent leasing flexibility—perfect for long-term tenants, traveling professionals, or even an owner-occupant house-hack strategy in the larger unit. Key Investment Highlights
Updated interiors while maintaining period character
Strong rental demand in the downtown corridor
Separate living spaces for stable dual-income potential
Low-maintenance improvements and refreshed finishes
Opportunity to increase rents as area growth continues
Located steps from downtown dining, shops, arts venues, and commuter routes, this property benefits from steady rental interest driven by Petersburg’s ongoing development and proximity to Richmond, Fort Gregg-Adams, and major transportation hubs. Whether you're expanding your portfolio or seeking your first income property, this duplex offers the rare combination of historic charm, modern updates, and consistent rental upside. Secure your foothold in one of Virginia’s most promising growth markets—schedule your tour today.
- Listed by Richard Sena • Brokerage DRE #226019213 • Redfin CorporationP: (804)-904-7258 C: (804)-904-7258 Richard.sena@redfin.com
Property Details for 840 Commerce Street
Property Details for 840 Commerce Street
| Status | Active |
|---|---|
| MLS # | 2531038 |
| Days on Market | 66 |
| Taxes | $1,490 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Familly |
| MLS Type | Residential Income / Duplex |
| Year Built | 1860 |
| Lot Size | 0.21 AC / 9,178 SF |
| County | Petersburg Independent City |
Location
Building Information for 840 Commerce Street
Payment Calculator
$1,635 per month
30 year fixed, 6.15% Interest
$1,511
$124
$0
Property Information for 840 Commerce Street
- City: Petersburg
- County Or Parish: Petersburg
- Latitude: 37.225957
- Longitude: -77.41774
- Postal City: Petersburg
- Postal Code: 23803
- Postal Code Plus4: 3004
- State Or Province: VA
- Unparsed Address: 840 Commerce St
- Zoning Description: R-3
- Parcel Number: 023-070001
- Tax Annual Amount: $1,489.71
- Tax Assessed Value: $209,600.00
- Tax Legal Description: PRIDESFIELD PT LT 49-50 85X108.5
- Tax Lot: 49
- Tax Year: 2025
- Elementary School: Pleasants Lane
- High School: Petersburg
- Middle Or Junior School: Vernon Johns
- Garage: No
- Parking Features: Off Street
- Garage Parking Features: Off Street
- Living Area: 1,896.00
- Lot Features: Level
- Lot Size Acres: 0.2107
- Lot Size Area: 0.2107
- Lot Size Units: Acres
- Stories: 2
- Stories Total: 2
- Property Sub Type Additional: Duplex
- Number Of Units Total: 2
- Type of Property: Residential Income
- Property Sub Type: Duplex
- Property Type: Residential Income
- Year Built: 1860
- Year Built Details: Actual
- Sewer: Public Sewer
- Water Source: Public
- Fencing: None
- Roof: Metal
- Appliances: Electric Water Heater, Water Heater
- Basement: Crawl Space
- Basement: No
- Bathrooms Full: 0
- Bathrooms Half: 0
- Bathrooms Total Integer: 0
- BathsTotal: 0.0
- Fireplace: Yes
- Interior Features: Bay Window, Eat In Kitchen, Fireplace, Granite Counters, High Ceilings, High Speed Internet, Bath In Primary Bedroom, Wired For Data
- Laundry Features: Washer Hookup, Dryer Hookup
- Levels: Two
- Patio And Porch Features: Front Porch
- Unit Type Description 1: Dishwasher,Dryer Hookup,Electric Meter,Electric Stove,Refrigerator,Washer Hookup,Water Heater,Central Air,Heat Pump
- Unit Type Actual Rent 1: $800.00
- Unit Type Baths Total 1: 1
- Unit Type Beds Total 1: 1
- Unit Type Leased 1: Yes
- Unit Type Num Full Baths 1: 1
- Unit Type Num Half Baths 1: 0
- Unit Type Area 1: 715.0
- Unit Type Actual Rent Range 1: 800
- Unit Type Description 2: Dishwasher,Dryer Hookup,Electric Meter,Electric Stove,Refrigerator,Washer Hookup,Water Heater,Central Air,Heat Pump
- Unit Type Actual Rent 2: $1,075.00
- Unit Type Baths Total 2: 1
- Unit Type Beds Total 2: 2
- Unit Type Leased 2: Yes
- Unit Type Num Full Baths 2: 1
- Unit Type Num Half Baths 2: 0
- Unit Type Area 2: 1146.0
- Unit Type Actual Rent Range 2: 1075
- Price Per Area Unit: Dollars Per Square Foot
Property History for 840 Commerce Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Nov 5, 2025 | Listed (Active) CVRMLS #2531038 | $310,000 | — |
| Jul 8, 2025 | Withdrawn CVRMLS #2509045 | — | |
| Jun 17, 2025 | Price Change CVRMLS #2509045 | $274,950 | — |
| Jun 12, 2025 | Price Change CVRMLS #2509045 | $290,000 | — |
| Apr 11, 2025 | Price Change CVRMLS #2509045 | $310,000 | — |
| Apr 6, 2025 | Listed (Active) CVRMLS #2509045 | $325,000 | — |
| Dec 1, 2024 | Withdrawn CVRMLS #2421910 | — | |
| Aug 27, 2024 | Price Change CVRMLS #2421910 | $335,000 | — |
| Aug 21, 2024 | Listed (Active) CVRMLS #2421910 | $350,000 | — |
| Jun 25, 2024 | Withdrawn CVRMLS #2412112 | — | |
| Jun 4, 2024 | Price Change CVRMLS #2412112 | $329,000 | — |
| Jun 1, 2024 | Price Change CVRMLS #2412112 | $340,000 | — |
| May 10, 2024 | Listed (Active) CVRMLS #2412112 | $384,999 | — |
| Mar 23, 2023 | Sold CVRMLS #2221848 | $99,000 | — |
| Jan 25, 2023 | Pending CVRMLS #2221848 | — | |
| Jan 21, 2023 | Price Change CVRMLS #2221848 | $110,000 | — |
| Nov 4, 2022 | Price Change CVRMLS #2221848 | $130,000 | — |
| Sep 27, 2022 | Price Change CVRMLS #2221848 | $137,000 | — |
| Aug 3, 2022 | Listed (Active) CVRMLS #2221848 | $151,000 | — |
| Nov 19, 2018 | Sold CVRMLS #1815058 | $27,000 | — |
| Oct 24, 2018 | Pending CVRMLS #1815058 | — | |
| Apr 26, 2018 | Listed (Active) CVRMLS #1815058 | $40,100 | — |
| Date | Event & Source | Price |
|---|---|---|
| 11/05/2025 | Listed (Active) CVRMLS #2531038 | $310,000 |
| 07/08/2025 | Withdrawn CVRMLS #2509045 | — |
| 06/17/2025 | Price Change CVRMLS #2509045 | $274,950 |
| 06/12/2025 | Price Change CVRMLS #2509045 | $290,000 |
| 04/11/2025 | Price Change CVRMLS #2509045 | $310,000 |
| 04/06/2025 | Listed (Active) CVRMLS #2509045 | $325,000 |
| 12/01/2024 | Withdrawn CVRMLS #2421910 | — |
| 08/27/2024 | Price Change CVRMLS #2421910 | $335,000 |
| 08/21/2024 | Listed (Active) CVRMLS #2421910 | $350,000 |
| 06/25/2024 | Withdrawn CVRMLS #2412112 | — |
| 06/04/2024 | Price Change CVRMLS #2412112 | $329,000 |
| 06/01/2024 | Price Change CVRMLS #2412112 | $340,000 |
| 05/10/2024 | Listed (Active) CVRMLS #2412112 | $384,999 |
| 03/23/2023 | Sold CVRMLS #2221848 | $99,000 |
| 01/25/2023 | Pending CVRMLS #2221848 | — |
| 01/21/2023 | Price Change CVRMLS #2221848 | $110,000 |
| 11/04/2022 | Price Change CVRMLS #2221848 | $130,000 |
| 09/27/2022 | Price Change CVRMLS #2221848 | $137,000 |
| 08/03/2022 | Listed (Active) CVRMLS #2221848 | $151,000 |
| 11/19/2018 | Sold CVRMLS #1815058 | $27,000 |
| 10/24/2018 | Pending CVRMLS #1815058 | — |
| 04/26/2018 | Listed (Active) CVRMLS #1815058 | $40,100 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 840 Commerce Street
Schools near 840 Commerce Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Pleasants Lane elementary PublicK to 5 | ||
Vernon Johns Middle School Public6 to 8 | ||
Petersburg High School Public9 to 12 | ||
Cool Spring Elementary PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Redfin Corporation, Richard Sena
Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
