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$95,000
3 Beds 1 Baths CVR-2533837 MLS
Opportunity knocks for the savvy investor with this value-add property offering strong upside for both a flip or buy-and-hold strategy. This solidly built home features a flexible floorplan with plenty of square footage, allowing it to remain a true 4-bedroom, 1-bath layout or be thoughtfully reconfigured into a more modern and marketable 3-bedroom, 2 full-bath design. The existing footprint supports multiple renovation strategies, giving investors the freedom to optimize for resale or long-term rental performance. The exterior offers classic curb appeal with a covered front porch and a deep lot, while the rear includes a screened porch area that could be restored or repurposed into a desirable outdoor living feature. Inside, the home retains original finishes throughout, including wood paneling, dated flooring, and vintage fixtures, providing a clean slate for cosmetic or full-scale renovation. Living areas are generously sized with good natural light, making it easy to modernize while maintaining functional flow. The kitchen remains in original condition, ideal for a full redesign to maximize efficiency and value. Bedrooms are well-proportioned, and the existing bathroom presents an opportunity for a high-impact upgrade, especially if reworked into a two-bath configuration. From a systems standpoint, several major improvements are already in place, helping reduce upfront capital costs. The home features upgraded vinyl replacement windows (not new) and a heat pump system providing central air conditioning and heat. These updates allow you to focus renovation dollars where they matter most: layout, finishes, and overall presentation. Whether your strategy is a full renovation for resale or a strategic update for rental stabilization, this property offers the fundamentals investors look for, space, layout flexibility, and key mechanical upgrades. With the right vision and execution, this home has the potential to become a strong-performing asset and a profitable addition to your portfolio.

688 Pegram Street, Petersburg

$91,000
2 Beds 1 Baths CVR-2601298 MLS
Great investment opportunity for buyers looking to add value through renovation. This 2-bedroom, 1- Bath Home offers a covered front porch and a traditional layout, providing a solid starting point for a full rehabilitation. Interior condition reflects the need for significant updates and repairs throughout, and the property is best suited for investors or experienced buyers prepared to renovate. Property is being sold AS-IS, WHERE-IS. Seller makes no representations or warranties as to the property's condition and will make no repairs or pay for any inspections, including termite. The property will not qualify for traditional financing. Cash or rehab financing only. Proof of funds is required with the offer.

1436 Ferndale Avenue, Petersburg

$88,950
3 Beds 2 Baths CVR-2530299 MLS
Attention Homebuyers and Investors! Discover your next opportunity! This charming bungalow is more than just a home it's a lifestyle! Offering 2 or 3 bedrooms, 2 full baths, and a dedicated laundry room, you'll have all the space you need to live, work, and play. Need an office or study area? We’ve got you covered! Enjoy off-street parking with a convenient carport and driveway. Plus, the HUGE backyard is perfect for entertaining, gardening, or simply enjoying the outdoors! Don’t miss your chance to make this gem your own! This home is located within MINUTES from the I-95/I-85, Amazon Warehouse and Southpark Mall! HUD Case#544-362923 IE (Insured Escrow), Subject to Appraisal. Seller makes no representations or warranties as to property condition. HUD Homes are Sold “As-Is”. Built prior to 1978, lead based paint may potentially exist. Equal Housing Opportunity. Seller may contribute up to 3% for buyer’s closing costs, upon buyer request.

722 Cameron Street, Petersburg

$87,000
4 Beds 2 Baths CVR-2612632 MLS
Located in the Historic Folly Castle Historic District, this historical property great for historic tax credits, as you visit this distressed corner-lot property presents a rare renovating opportunity in the heart of Historic Petersburg. Originally configured as a triplex and currently operating as a duplex, this property with approximately 2240 square foot structure is filled with character, history, and a potential for full restoration. Positioned directly on Washington St. with plenty of high visibility traffic for those potential onlookers to really appreciate any renovations. This unique property offers exceptional exposure for investors, buyers, entrepreneurs seeking a historic property. With potential Historic tax credits for those qualified renovations and improvements. Situated on 5,188 square foot corner lot. This property offers flexible opportunities for those seeking to repair and call this your home, or potential rental-income. Come take a look at a piece of History and make this your next project and investment. This was previously listed as a Quad (4- power meters), but has been vacant for more than two years, so the city has reverted this back to a duplex.

646 W Washington Street, Petersburg

$80,000
3 Beds 1 Baths CVR-2604000 MLS
Investor Special in the heart of Petersburg! 535 Greensville Ave offers a prime opportunity for a full renovation project with strong upside potential. This single-story home features a covered front porch, and an established footprint ready for your vision. Inside, the property offers a traditional layout with a living area, separate dining space, kitchen, three bedrooms, and a full bath. Original hardwood floors are present in portions of the home and could potentially be restored to add character and value. The spacious rooms and multiple windows provide good natural light and a solid canvas for redesign. The home requires a complete rehab and is being sold strictly as-is. Updates will be needed to the roof, ceilings, windows, flooring, kitchen, bath, and mechanical systems. The property presents an excellent opportunity for investors looking to renovate and resell, add to a rental portfolio, or pursue a BRRRR strategy. Conveniently located near downtown Petersburg, major roadways, shopping, and dining. With strong renovation activity in the surrounding area, this property offers significant value-add potential for the right buyer. Bring your contractor and imagination, this is your chance to transform a blank slate into a profitable investment.

535 Greensville Avenue, Petersburg

$80,000
3 Beds 1 Baths CVR-2603356 MLS
Calling all investors and visionaries! This 1955-built home is ready for its next chapter and the perfect opportunity to bring your renovation ideas to life. Featuring 3 bedrooms and 1 full bathroom, this property offers a solid footprint and classic charm just waiting for a facelift. Situated on a quiet street and conveniently located near Virginia State University, this home presents a prime opportunity for rental income, student housing, or a profitable flip. The location alone makes it a smart addition to any investment portfolio. Whether you're looking to renovate and resell or hold as a long-term rental, the possibilities here are strong. Don’t miss your chance to unlock the potential in this well-located property!

108 Henrico Street, Petersburg

$80,000
2 Beds 1 Baths CVR-2521041 MLS
Opportunity knocks!!!! Bring your contractors to create your vision for this 2 bed, 1 bath home that has an open concept that is just under 800 sqft. Come and be a part of the continued growth of Beautiful and Historic Petersburg, VA. There is no question why so many are investing and relocating to this Beautiful city that is full of rich culture, history, beautiful views and charm, not to mention that the Casino is on it's way!!! Petersburg is easily accessible to major highways and interstates that connect to neighboring cities and towns. Enjoy great local restaurants, eateries, delis, parks and recreation and other great opportunities. Observe the beautiful views of the Appomattox river. Cross over the bridge and come witness an important time period of history while visiting Beautiful Pocahontas Island!!! Whether you are looking for a primary residence, an opportunity to add value as a resale or complete a renovation to add to your rental portfolio, this property may be a good fit for you!! Contact your realtor today!

917 Lee Avenue, Petersburg

$77,000
2 Beds 2 Baths CVR-2611571 MLS
**SELLER FINANCING AVAILABLE** WHAT A DEAL!! Welcome to this charming handyman special. Offering (1,022) square feet with 2 spacious bedrooms, 1 full bath, 1 half bath, and a private patio. This property is being sold as-is, presenting a unique opportunity for customization. Although this is not an REO property, it does need extensive repairs, and some TLC. This is a perfect opportunity to remodel to your taste and make it the perfect home for you to move into. For investors, this home will make a great investment property and should cash flow very well while building wealth or rehab for a quick profit. List price is based on needed repairs. Similar updated houses in the area sell for $130k+. Don’t miss this chance to transform it into your ideal home or investment. Schedule a showing today to explore its potential.

2368 Hill Street, Petersburg

$75,000
CVR-2618848 MLS
INVESTOR SPECIAL, Unlock the potential of the 1920's duplex offering approximately 1,568 square feet on this lot of 3,330 square feet, and directly across from 3 new builds, and one home renovated. Whether your vision is a complete renovation to restore its character or a fresh start with new construction. (subject to local planning and zoning). This property presents a opportunity to bring your investment strategy to life. Being sold "AS-IS", this property is ideal for investors and contractors, flippers seeking their next value-added redevelopment or renovation project. Conveniently located near downtown Petersburg, major roadways, shopping, dining, and many other ongoing revitalization efforts, so bring your imagination.

606-608 Cameron Street, Petersburg