927 Farmer Street, Petersburg, VA 23803
Local realty services provided by:CENTURY 21 Realty @ Home
927 Farmer Street,Petersburg, VA 23803
$189,950
- - Beds
- - Baths
- 1,758 sq. ft.
- Multi-family
- Active
Listed by: matt smith, kenneth byers
Office: weichert brockwell & associate
MLS#:2629869
Source:RV
Price summary
- Price:$189,950
- Price per sq. ft.:$108.05
About this home
PETERSBURG DUPLEX BEST BUY!
LIVE IN ONE UNIT — RENT THE OTHER!
927 Farmer St., Petersburg, VA 23803
ONLY $189,950!
FIRST-TIME HOMEBUYERS — WHY KEEP PAYING RENT WHEN YOUR TENANT COULD HELP PAY YOUR MORTGAGE?
Here is your opportunity to become a HOMEOWNER AND A LANDLORD with a small down payment!
This previously renovated Petersburg duplex features TWO 2-bedroom, 1-bath apartments, both currently vacant and ready for occupancy.
LIVE IN ONE APARTMENT AND RENT THE OTHER FOR AN ESTIMATED $1,250 PER MONTH!
LOOK AT THESE FHA FINANCING NUMBERS!
Purchase Price: $189,950
FHA Down Payment (3.5%): $6,648
Base Mortgage Amount: $183,302
Interest Rate: 7.75% Fixed
Loan Term: 30 Years
Monthly Principal & Interest: $1,313
Estimated Total Monthly Payment: $1,850–$1,950, including property taxes, homeowners insurance and FHA mortgage insurance
Projected Rent From Second Apartment: $1,250/month
YOUR ESTIMATED NET HOUSING PAYMENT:
JUST $600–$700 PER MONTH!
THAT'S RIGHT! YOU COULD OWN A DUPLEX, LIVE IN ONE APARTMENT, AND HAVE YOUR TENANT HELP PAY YOUR MORTGAGE!
Instead of paying $1,200–$1,500 per month in rent, imagine owning your own home while building equity and collecting rental income!
TWO APARTMENTS — ONE SMART INVESTMENT!
Built in 1890, this historic duplex has a long history as a rental property. Both apartments have been previously renovated and feature electric baseboard heating and window A/C units.
The property has a traditional pier foundation and some uneven floors, potentially resulting from settlement over the years. Buyers should independently inspect and evaluate the foundation.
STOP RENTING AND START BUILDING WEALTH!
FIRST-TIME BUYERS, THIS COULD BE YOUR OPPORTUNITY TO GET INTO REAL ESTATE INVESTING!
Live in one unit, rent the other, and let your rental income help offset your monthly housing expenses.
ONLY $189,950 — DON'T WAIT! CALL TODAY TO SCHEDULE YOUR SHOWING!
Financing illustration only....
Contact an agent
Home facts
- Year built:1890
- Subdivision & Development:Pillow
- Listing ID #:2629869
- Added:1 day(s) ago
- Updated:November 06, 2026 at 10:58 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:$189,950
- Price per sq. ft.:$108.05
- Tax amount:$1,360 (2025)
Features and amenities
- Appliances:Electric Water Heater
Parking
- Parking description:Off Street, On Street
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