Upgrade
Photo 1 of 10 of 1551 Berkeley Avenue multi-family property
Photo 2 of 10 of 1551 Berkeley Avenue multi-family property
Photo 3 of 10 of 1551 Berkeley Avenue multi-family property
Photo 4 of 10 of 1551 Berkeley Avenue multi-family property
Photo 5 of 10 of 1551 Berkeley Avenue multi-family property
Photo 6 of 10 of 1551 Berkeley Avenue multi-family property
Photo 7 of 10 of 1551 Berkeley Avenue multi-family property
Photo 8 of 10 of 1551 Berkeley Avenue multi-family property
Photo 9 of 10 of 1551 Berkeley Avenue multi-family property
Photo 10 of 10 of 1551 Berkeley Avenue multi-family property

David Gaulden · KW Metro Center

  • Overview

  • Monthly cost

  • Get pre-approved

  • Fees & commissions

  • Related

  • Intelligence reports

Save

Active

Buy a multi-family propertyat 1551 Berkeley Avenue, Petersburg, VA 23805

$205,000

$0/mo

Get pre-approved

Multifamily

6,599 Sq. Ft. lot

792 Days on market

2305186 MLS ID

Click to interact

Property position on map

Click the map to interact

Intelligence

Investor Highlights
Price per square foot history
Property sales history

Subscribe to Intelligence

Discover advanced property insights, stats and many more.

Learn More

About 1551 Berkeley Avenue multi-family property

Welcome to your next investment opportunity! Located in the desirable Walnut Hills neighborhood of Petersburg, VA, this fantastic value add property is a rare find. With its location in a neighborhood full of large, affluent and well-kept homes, this multi-family rental stands out as a great investment option. Featuring strong and steady cash flow from long-term tenants who have been in the property for the past 3 to 5 years, each unit is individually metered for electric and gas, while water, sewer, and trash are paid for by the owner/landlord. The downstairs unit consists of 1 bed and 1 bath, while the upstairs unit features 2 beds and 1 bath. The downstairs tenant is currently month-to-month, while the upstairs tenant recently renewed for a 1-year term. This property offers a range of options for investors, including house hacking, long-term value-add hold, or even conversion to a single-family flip. The parcel and all improvements thereon come in as is condition. See Proforma/Rent Roll in Supplements.
Welcome to your next investment opportunity! Located in the desirable Walnut Hills neighborhood of Petersburg, VA, this fantastic value add property is a rare find. With its location in a neighborhood full of large, affluent and well-kept homes, this multi-family rental stands out as a great investment option. Featuring strong and steady cash flow from long-term tenants who have been in the property for the past 3 to 5 years, each unit is individually metered for electric and gas, while water, sewer, and trash are paid for by the owner/landlord. The downstairs unit consists of 1 bed and 1 bath, while the upstairs unit features 2 beds and 1 bath. The downstairs tenant is currently month-to-month, while the upstairs tenant recently renewed for a 1-year term. This property offers a range of options for investors, including house hacking, long-term value-add hold, or even conversion to a single-family flip. The parcel and all improvements thereon come in as is condition. See Proforma/Rent Roll in Supplements.

Property details

Basement

Basement YN: t

House

Construction Materials: Drywall,Frame,Stucco

Exterior Features

Patio And Porch Features: RearPorch,FrontPorch,Screened

Income

Gross Income: $18,000

Listing

Number Of Units Total: 2

Ownership Type: SoleProprietor

Ownership: Individuals

Location

County Or Parish: Petersburg

Lot

Parcel Number: 044-340019

Parking

Parking Features: OnStreet

Property

Property Sub Type: Duplex

Taxes

Tax Annual Amount: $1,632

Tax Assessed Value: $128,500

Tax Legal Description: WALNUT HILL LOT 14 40X165

Tax Lot: 14

Tax Year: 2022

Monthly cost

Estimated monthly cost

$1,317/mo

All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$192,700

+$6,150

$198,850

Seller agent commission$6,150 (3%)*

$0 (0%)

Buyer agent commission$6,150 (3%)*

$6,150 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property All calculations are estimates and provided by Unreal Estate, Inc. for informational purposes only. Actual amounts may vary.

Get $6,150 more selling your home
with an Unreal Estate agent

Start free MLS listing
View related pages

State

  • Mobile homes in Virginia

Unreal Estate checked: Sep 10, 2024 at 1:31 p.m.

Data updated: Apr 26, 2023 at 7:12 p.m.

Courtesy of KW Metro Center
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing Information © 2025 Central Virginia Regional MLS. All Rights Reserved.

Learn more about this property

Request edits for this property

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from unrealestate.com and others about your inquiry and other home related matters, but not as a condition of any purchase.
*By checking this box, I confirm that I am the legal owner of the property listed. Please note, all information is verified for accuracy per U.S. real estate regulations, and submissions from non-owners cannot be processed.

Properties near 1551 Berkeley Avenue

Unreal Estate stacked logo

About

BuySellMortgageAgentsCompany

Updated January 2023: By using this website, you agree to our Terms of Service, and Privacy Policy.

⁠Unreal Estate holds real estate brokerage licenses under the following names in multiple states and locations:
Unreal Estate LLC (f/k/a USRealty.com, LLP)
Unreal Estate LLC (f/k/a USRealty Brokerage Solutions, LLP)
Unreal Estate Brokerage LLC
Unreal Estate Inc. (f/k/a Abode Technologies, Inc. (dba USRealty.com))
Main Office Location: 991 Hwy 22, Ste. 200, Bridgewater, NJ 08807
California DRE #01527504
New York § 442-H Standard Operating Procedures
TREC: Info About Brokerage ServicesConsumer Protection Notice

UNREAL ESTATE IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT.

If you are using a screen reader, or having trouble reading this website, please call Unreal Estate Customer Support for help at 1-866-534-3726 
Open Monday – Friday 9:00 – 5:00 EST with the exception of holidays.

*See Terms of Service for details.

LinkedIn Social IconInstagram social iconFacebook social icontwitter social iconYoutube Social Icon

© 2023 Unreal Estate Inc. All Rights Reserved.

Unreal Estate certified trust badge
LinkedIn Social IconInstagram social iconFacebook social icontwitter social iconYoutube Social Icon