Petersburg Homes under $500,000

Petersburg Homes under $500,000

Welcome to Petersburg, Virginia—a charming city steeped in rich history and vibrant culture, making it a hidden gem in the heart of the Commonwealth. Nestled along the banks of the Appomattox River, Petersburg boasts a unique blend of historical significance and modern amenities. With its picturesque streets lined with historic architecture, delightful parks, and a thriving arts scene, this city offers a welcoming atmosphere for families, young professionals, and retirees alike.

Petersburg is known for its strong sense of community and accessibility to larger urban centers. With easy access to Interstate 95, residents can enjoy a short drive to Richmond and other nearby cities while relishing the tranquility of small-town living. The city is home to several parks, including the stunning Petersburg National Battlefield, where history enthusiasts can explore the pivotal events of the Civil War.

For those seeking their dream home, Petersburg presents an array of options under $500,000. Whether you're looking for a cozy bungalow, a charming colonial, or a spacious family home, the real estate market here offers something for everyone. With affordable housing prices, buyers can find beautiful properties with modern amenities and ample outdoor space, perfect for enjoying the Virginia sunshine.

In Petersburg, you’ll not only find a place to call home but also a community that celebrates its heritage while looking towards a bright future. Discover the warmth and charm of Petersburg, where your ideal lifestyle awaits!

Newest Petersburg Homes under $500,000

no property photo
$105,000
2 Beds ⋅ 2 Baths ⋅ CVR-2627143 MLS
Welcome to this cozy bungalow offering an excellent opportunity for investors, first-time buyers, or anyone looking for a home they can make their own! Priced with its condition in mind, this 2-bedroom, 2-full-bath home offers great potential for those willing to put in some work and add their personal touches. The main living area features vaulted ceilings that create an open, airy feel, while the kitchen offers classic white cabinetry. Both bedrooms provide comfortable living space, and one of the full bathrooms has been updated with a walk-in shower. With a little vision and TLC, this home could truly shine. Whether you're looking for an investment opportunity or an affordable place to call home, this bungalow offers a great starting point and plenty of potential!

126 S Old Church Street, Petersburg
1860 Coggin Street, Petersburg
$315,000
5 Beds ⋅ 3 Baths ⋅ CVR-2627318 MLS
Welcome to 1860 Coggin St! This beautifully updated home offers an impressive 5 bedrooms, 3 full bathrooms, and 1,696 square feet of thoughtfully designed living space. Step inside to a bright, refreshed interior with an inviting layout that offers plenty of flexibility for everyday living, working from home, guests, or a growing household. With bedrooms and full baths spread throughout the home, there’s room for everyone to enjoy their own space. The charming exterior delivers great curb appeal for this cute cape style home. Inside, the home blends character with modern updates to create a comfortable, move-in-ready feel. Enjoy the new stainless steel appliances, quartz countertops, refinsihed wood floors, and renovated bathrooms. The generous bedroom count provides endless possibilities use the additional rooms for a home office, guest suite, playroom, fitness space, or whatever best fits your lifestyle. With five bedrooms and three full baths, this home offers a combination of space and versatility that can be hard to find. Move right in and make 1860 Coggin St your own

1860 Coggin Street, Petersburg
215 Mars Street, Petersburg
$322,999
4 Beds ⋅ 3 Baths ⋅ CVR-2627177 MLS
Welcome to this beautiful new construction home offering approximately 1,900 square feet, 4 bedrooms, and 3 full bathrooms. Designed with a modern open-concept layout, this home features stylish finishes and thoughtful details throughout. The spacious kitchen showcases white cabinetry, stainless steel appliances, a large center island with quartz-style countertops, contemporary pendant lighting, and distinctive wood-accent details. The open living area is highlighted by a modern electric fireplace, custom accent wall, and unique ceiling details, creating an impressive space for both everyday living and entertaining. The home also offers generously sized bedrooms, beautifully finished bathrooms with tiled tub/shower surrounds, and a spacious primary suite with ample closet space. Outside, enjoy a covered rear porch, fenced backyard, detached storage shed, and off-street parking. With its modern design, spacious floor plan, and attention to detail, this move-in-ready new construction is a must-see!

215 Mars Street, Petersburg
1420 Ferndale Avenue, Petersburg
$279,900
3 Beds ⋅ 2 Baths ⋅ CVR-2626089 MLS
SELLER-PAID 2-1 RATE BUYDOWN AVAILABLE! Qualified buyers may be eligible for reduced mortgage payments during the first two years of homeownership. Contact listing agent for details. Located in Petersburg, 1420 Ferndale Ave is a gorgeous new-construction home loaded with stylish finishes and thoughtful details throughout! It's a standout from the street with crisp white vertical siding, a charcoal gable, black shutters, new landscaping, a paved parking pad, and a covered wood front porch with keyless entry. Step inside to LVP flooring, recessed lighting, and sunny windows at every turn. The foyer opens right into an expansive Great Room where the living room, dining area, and kitchen flow seamlessly together. The kitchen is a showstopper with white shaker-style cabinetry with crown molding, matte black hardware, Quartz counters, a glossy tile backsplash, stainless steel appliances including a French-door refrigerator, and a large island with a beautiful black veined top, woven pendant lights, and barstool seating. Just beyond the kitchen, a utility room with washer/dryer hookups leads out to the rear deck. Down the hall, the primary suite offers windows on two walls, a ceiling fan/light, recessed lighting, and a walk-in closet with double hanging rods. The ensuite is equally impressive with a fluted double vanity, arched black-framed mirrors, tile floors, and a walk-in shower featuring a rain head, handheld sprayer, wood-look tile accent wall, built-in niche, transom window, and glass door. Two additional bedrooms offer ceiling fan/lights and ample closet space and share a hall bath with black fixtures and a tub/shower framed in bold black-and-white striped tile—a fun detail you won't see every day! Out back, the deck overlooks a privacy-fenced backyard that's perfect for relaxing or entertaining, and a gated gravel path runs along the side of the home. With everything on one level and just minutes from Old Towne, I-95, and I-85, 1420 Ferndale Ave is ready for you to move right in!

1420 Ferndale Avenue, Petersburg
124 Hackberry Drive, Petersburg
$389,990
4 Beds ⋅ 3 Baths ⋅ CVR-2627055 MLS
MOVE IN THIS NOVEMBER. Skip the build time: this nearly finished Cedar sits on a corner lot, and you can tour it now. It offers 1,903 square feet with 4 bedrooms, 2.5 baths, a first-floor flex room, and an attached 2-car garage. Included: luxury vinyl plank on the main floor, a 10x14 deck, and every appliance, even the refrigerator, washer, and dryer. 23 families have already chosen Berkeley Estates. Ask how up to $24,000 through 10/30 can lower your interest rate and monthly payment, or cover your closing costs. Extra savings for qualified military, Hometown Heroes, and eligible City of Petersburg employees. Incentive tied to use of NVR Mortgage; restrictions apply.

124 Hackberry Drive, Petersburg
146 Culpeper Avenue, Petersburg
$97,000
3 Beds ⋅ 1 Baths ⋅ CVR-2626996 MLS
This property is an investor's special-a true diamond in the rough. Investors only, cash only. Priced to reflect the need for renovations, this home is a complete interior overhaul. 3 bedrooms, 1 bath, and nearly 1,000 square feet. This is a prime opportunity for a buyer ready to transform it. Sold as-is, no repairs. Bring your vision and your cash!

146 Culpeper Avenue, Petersburg
125 Center Street, Petersburg
$269,999
4 Beds ⋅ 2 Baths ⋅ CVR-2627023 MLS
Welcome to 125 Center Street, a newly rennovated charming 4-bedroom, 2-bath brick-and-vinyl ranch offering 1,820 square feet of comfortable one-level living in Petersburg. With its inviting front porch, spacious layout, and classic character, this home offers a wonderful blend of charm and everyday functionality. Step inside to discover a generous floor plan with plenty of room to spread out, including four bedrooms and two full baths. The spacious living areas provide flexibility for entertaining, relaxing, working from home, or accommodating guests. Outside, enjoy a large yard and welcoming front porch perfect for morning coffee, relaxing evenings, or gathering with friends and family. The home's single-story design provides convenient living, while central air and heat-pump heating add year-round comfort. Located in Petersburg's Blandford area, this home offers the opportunity to enjoy the city's historic character while remaining close to the amenities of the surrounding community.125 Center Street is ready to welcome its next chapter. Don't miss the opportunity to make this spacious Petersburg ranch your own!

125 Center Street, Petersburg
1227 Montgomery Avenue, Petersburg
$139,950
3 Beds ⋅ 1 Baths ⋅ CVR-2626979 MLS
OFFORDABLE HOME + INCOME POTENTIAL! Come and take a look at the possibilities at 1227 Montgomery Ave. Offered at just $ 139,950.00, this 3-bedroom, 1-bath home provides approximately 980 square feet and an opportunity for that first time buyer, downsizer, or investor looking for that income producing property. For investors, this property has the rental income of $ 1450- $1500 per month, making this purchase price especially worth a closer look. For possible owner occupants, it offers an affordable path to homeownership with three bedrooms, a functional layout, and a manageable sized home. With very little work needed unless to further improve this is a great turn-key property. Enjoy on street or off-street driveway for a single car. This property offers a lot 48x153, and over 6,974 square feet. Inside enjoy the entrance to the living room flowing into kitchen (space for table), with 3-bedrooms, and a single full bathroom. One room could be converted to dining room or potential office or game room. Enjoy the lot and small back porch which opens up to a large, paved patio area, and small walkway to already paved potential shed platform. With a one-way traffic street, you will enjoy little through traffic, and new construction on the street you will also be part of a neighborhood and future growth. With partial 4-foot chain-link fence on one side, this leaves the potential for a large, landscaped back yard, and the possibility for more privacy.

1227 Montgomery Avenue, Petersburg
927 Farmer Street, Petersburg
$199,950
CVR-2626969 MLS
Buy & Hold Investors – Great Duplex Opportunity in Petersburg, VA! Looking to add a solid cash-flowing property to your portfolio? Don't miss this fantastic duplex in the growing Petersburg market! This well-maintained 2-unit duplex features two 2-bedroom, 1-bath apartments. Both units are now vacant, giving the new owner the flexibility to place new tenants at current market rents or occupy a unit. Both apartments have a proven rental history and can comfortably generate $1,100 to $1,350 per month per unit, offering strong income potential. The property has been previously renovated and is in move-in ready condition, minimizing upfront capital expenses. Features include: -Two 2-bedroom, 1-bath units -Previously renovated interiors -Electric baseboard heat -Window A/C units -Strong rental demand in the area -Excellent opportunity for immediate cash flow and long-term appreciation Whether you're a seasoned investor or looking to purchase your first income-producing property, this duplex offers an affordable opportunity to build wealth through real estate.

927 Farmer Street, Petersburg
727 harding Street, Petersburg
$200,000
CVR-2626872 MLS
Home is being sold as is.

727 harding Street, Petersburg
1817 Bogese Drive, Petersburg
$379,900
3 Beds ⋅ 2 Baths ⋅ CVR-2626207 MLS
Custom-built in 2024 and Move-In Ready! This one-level rancher in Ramblewood offers the quality of new construction without the wait. Roughly 1,690 square feet of thoughtfully designed one-level living sits on about half an acre in a quiet, established Petersburg neighborhood. An open floor plan connects the living, dining, and kitchen spaces, with a pass-through from the kitchen that keeps everything conversational. Natural light pours in throughout the day, softened by the mature trees surrounding the property. The kitchen boasts beautiful white counters, white custom cabinets, open shelving, recessed lights and an intimate breakfast area with modern light fixture. An electric fireplace with large mantle anchors the living area, and updated fixtures carry throughout the home. A mix of LVP and carpet keeps things practical and comfortable. The first-floor primary suite includes a walk-n closet, private ensuite bath complete with linen closet, standup shower with rolling glass frame, and soaking tub. Two additional bedrooms with sizable closets share access to the full hall bathroom. A pull down attic provides additional space for storage. The attached two-car garage provides direct entry to a utility/laundry room complete with a dropzone area adding convenience and practicality without sacrificing style and aesthetic. The shaded backyard has a cozy patio area with a large brick wood burning fireplace extending the living space outdoors- ideal for cool evenings and weekend gatherings! Location delivers! Easy access to I-95 and I-85, 20 minutes to Fort Lee, 30 minutes to downtown Richmond, convenient to Dogwood Trace Golf Course, and everything the greater Richmond area has to offer!

1817 Bogese Drive, Petersburg
839 W High Street, Petersburg
$299,000
3 Beds ⋅ 2 Baths ⋅ CVR-2626648 MLS
Step into the timeless elegance of this beautifully renovated circa 1860 Italianate home, ideally situated in Petersburg’s Historic District and just minutes from the shops and restaurants of Old Towne. Thoughtfully restored while offering the comforts of modern living, this exceptional residence showcases exquisite craftsmanship throughout. Gorgeous heart pine floors, soaring 11-foot ceilings, and extraordinary original woodwork create an inviting sense of history and character. The spacious great room provides an ideal gathering space and opens directly to a fully functional eat-in kitchen featuring hard-surface countertops and stainless-steel appliances. The first floor offers a comfortable bedroom and full bathroom, providing flexibility for guests or one-level living. Upstairs are two additional bedrooms, a full bathroom, and a small bonus room with potential as a fourth bedroom, office, or creative space. A large laundry room adds valuable convenience. Major improvements include dual-zone heat pumps installed in 2018, a recently re-laid slate roof, and recently rebuilt interior gutters. Outside, enjoy a private, privacy-fenced courtyard—perfect for relaxing, entertaining, or creating your own urban garden retreat. This remarkable home offers a rare opportunity to own a completely renovated piece of Petersburg history while being close to the vibrant shops, restaurants, and attractions of Old Towne.

839 W High Street, Petersburg
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