LKV Realty
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$399,000
$1,900Reward *
124 W Bank Street, VA 23803Listing ID 2532217

124 W Bank Street, VA 23803

Active
Time on site: 265 daysLast updated: Mar 1, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Duplex
Square Feet
Square Feet
2,905
Acres
Acres
0.07
Days on Site
Days on Site
190
Year Built
Year Built
1820
Stories
Stories
2
Garages
Garages
1
Parking
Parking
Attached, Direct Access, Driveway, Garage, Garage Door Opener, Paved, Parking Lot

YOU. WILL. NOT. FIND. ANOTHER. LIKE. THIS!!!! Positioned in the heart of downtown, Old Towne Petersburg. This building was originally built in 1820 and the opportunities that come with this property are ENDLESS... currently zoned B-3 (as it was originally a Triplex, it is now being utilized as a Duplex) Retail AND Residential equipped. THIS BUILDING COMES WITH A ROOFTOP TERRACE AND AN ATTACHED GARAGE (garage space could easily be turned into third unit since it's zoned as such). It also has dedicated parking on the paved parking lot in the back AND is directly adjacent to Bartow Alley, which also has a parking lot on the other side. The roof was replaced 6 months ago with thermoplastic polyolefin, along with the second floor HVAC (2025), and fully water proofed basement with a second sump pump for added peace of mind. There is direct access from the attached garage to the first level unit... perfect for some one looking to move into the bottom unit and rent out the top (the entrances are completely separate and have their own mailbox/metered utilities). The HVAC in the bottom unit was replaced in 2021. The exposed brick runs throughout both units and the entrance to the rooftop terrace is off of the second floor living/dining room area. Each unit is currently 1 BR, and 1 BATH but the downstairs unit is massive and there is plenty of room to add a second bedroom OR put up a divider and use the space in the front as it was originally intended as a storefront! Although this property is perfect for investors/mixed use, IT DOES NOT REQUIRE any rehabilitation and is in impeccable condition; MOVE IN READY!!!

Property Information

Property Details

Location

Address
124 W Bank Street
County
Petersburg
Zip Code
23803
High School
Petersburg
Elementary School
Pleasants Lane
MLS Area
57 - Petersburg

Interior Features

Interior Features

Interior Features
High Ceilings, Main Level Primary

Building

Building Information

Square Feet
2,905
Year Built
1820
Stories
2
Construction
Brick
Roof
Built-Up, Other, Pitched

Property Taxes

Tax Annual Amount
$3,087
Tax Year
2023
KW Metro Center, (804) 858-9000

Market Report for 23803

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: CVRMLS - Central Virginia Regional Multiple Listing Service
CVRMLS - Central Virginia Regional Multiple Listing Service logo

All or a portion of the Listing Content is provided by the Central Virginia Regional MLS, LLC, from a copyrighted compilation of Listings. All CVR MLS Listing Content provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are © 2026 Central Virginia Regional MLS, LLC. All rights reserved.

For corrections to this data please contact Brytecore MLS Support.

87620