927 Farmer Street, Petersburg, VA 23803
Local realty services provided by:CENTURY 21 Realty @ Home
927 Farmer Street,Petersburg, VA 23803
$194,950
- - Beds
- - Baths
- 1,758 sq. ft.
- Multi-family
- Active
Listed by: matt smith, kenneth byers
Office: weichert brockwell & associate
MLS#:2626969
Source:RV
Price summary
- Price:$194,950
- Price per sq. ft.:$110.89
About this home
PETERSBURG DUPLEX BEST BUY – LIVE IN ONE UNIT, RENT THE OTHER!
927 Farmer St., Petersburg, VA 23803 – $199,950
FIRST-TIME HOMEBUYERS – WHY RENT WHEN YOU CAN OWN A DUPLEX AND HAVE YOUR TENANT HELP PAY YOUR MORTGAGE?
Here is your opportunity to become a homeowner AND a landlord! This previously renovated Petersburg duplex features two 2-bedroom, 1-bath apartments, both vacant and ready for occupancy.
LIVE IN ONE UNIT AND RENT THE OTHER FOR AN ESTIMATED $1,200 PER MONTH!
LOOK AT THESE ESTIMATED FHA FINANCING NUMBERS:
Purchase Price: $199,950
FHA Down Payment (3.5%): Only $6,998
Interest Rate: 7.75% Fixed for 30 Years
Estimated Monthly Mortgage Payment: $1,848, including estimated taxes, homeowners insurance, and FHA mortgage insurance
Rental Income From Second Apartment: $1,200 Monthly
YOUR ESTIMATED NET HOUSING PAYMENT: JUST $648 PER MONTH!
THAT'S RIGHT! YOU COULD OWN YOUR OWN HOME FOR AN ESTIMATED $648 PER MONTH AFTER RENTAL INCOME!
This historic duplex was built in 1890 and has a long history as a rental property. Both apartments have been previously renovated and offer electric baseboard heating and window A/C units. Constructed on a traditional pier foundation, the home has some uneven floors, potentially resulting from settlement over the years. Buyers should independently inspect and evaluate the foundation.
STOP PAYING RENT AND START BUILDING EQUITY!
Why continue paying a landlord when you could own TWO apartments, live in one, collect rent from the other, and build long-term wealth through real estate?
ONLY $194,950 – LET'S GET YOU INTO YOUR OWN HOME!
Financing illustration only. Assumes qualified FHA owner-occupant financing with 3.5% down, a 7.75% fixed interest rate, and a 30-year term. Payment includes estimated taxes, insurance, and FHA mortgage insurance. Rental income is projected, not guaranteed. Actual loan terms, closing costs, expenses, property eligibility, and payments will vary. FHA appraisal and property-condition requirements apply....
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Home facts
- Year built:1890
- Subdivision & Development:Pillow
- Listing ID #:2626969
- Added:23 day(s) ago
- Updated:October 25, 2026 at 02:50 PM
Rooms and interior
- Basement:Yes
- Basement Description:Crawl Space
- Living area:1,758 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1890
- Building area:1,758 sq. ft.
- Lot area:0.12 Acres
- Architectural Style:Colonial, Two Story
- Construction Materials:Drywall, Frame, Vinyl Siding
- Exterior Features:Front Porch
- Levels:Two, Two Story
Schools
- High school:Petersburg
- Middle school:Vernon Johns
- Elementary school:Pleasants Lane
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$194,950
- Price per sq. ft.:$110.89
- Tax amount:$1,360 (2025)
Features and amenities
- Appliances:Electric Water Heater
Parking
- Parking description:Off Street, On Street
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