722 Mt Airy St

Petersburg VA 23803

1869 sq. ft.

0.1 ac.

Duplex

Last sold for $165,000

David Quimby, last sold this property on 11 August 2025 after 74 days on market.

Overview

Well-curated portfolio of seven duplex rental properties nestled in Petersburg, Virginia, an integral part of the bustling Richmond Metropolitan Area. This meticulously assembled portfolio is offered debt-free. All 7 properties are listed individually but the 5 properties on Mt. Airy St. must be sold as a portfolio. Our seller has thoughtfully assembled this collection, providing investors with a substantial scale without the typical headaches and expenses associated with piecing together such a portfolio. With a focus on tenant quality, the properties boast carefully vetted occupants, effectively minimizing collection loss and turnover. Against the backdrop of rising mortgage rates and a widespread housing shortage, there’s an unprecedented demand for workforce rentals. This surge in demand grants landlords exceptional pricing leverage, allowing for a discerning selection process like never before. Throughout the turbulence of the Covid era, Petersburg has proven itself as a resilient rental market. Moreover, it’s now witnessing increased investment from astute real estate developers and forward-thinking businesses seeking cost-effective operations, all while enjoying convenient access to both Richmond and the intersecting highways of Interstates 85 and 95.

Features

1869 sq. ft. floor area

0.1 ac. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Petersburg over the last 12 months, the estimated median property value of 722 Mt Airy St is $178k.

Median value

$178k

Estimated value range

$105k - $355k

Median days on market

Estimated value trend

19%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Petersburg. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.