Petersburg Homes under $300,000

Welcome to Petersburg, Virginia – a city rich in history and charm, where Southern hospitality meets modern living. Nestled along the banks of the Appomattox River, Petersburg is a vibrant community known for its historic architecture, diverse culture, and a strong sense of community. With its roots dating back to the 17th century, the city boasts a plethora of historic sites, including the Petersburg National Battlefield and the beautifully preserved Old Towne district, making it a perfect blend of past and present.

For those looking to plant roots in this enchanting city, Petersburg offers an array of homes under $300,000, making it an ideal destination for first-time homebuyers, families, and retirees alike. These affordable housing options provide a unique opportunity to own a piece of history while enjoying the modern conveniences of suburban living. From charming bungalows to spacious family homes, you’ll find a variety of styles and sizes to suit your needs and lifestyle.

Living in Petersburg means embracing a community that values both its heritage and its future. Enjoy the local farmer's market, explore the many parks and recreational areas, or indulge in the vibrant arts scene with galleries and theaters that showcase local talent. With easy access to major highways and nearby cities like Richmond, Petersburg offers the perfect balance of small-town charm and urban convenience.

Discover your dream home in Petersburg today, and experience all that this remarkable city has to offer!

Newest Petersburg Homes under $300,000

$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

$143,900

3 Beds ⋅ 2 Baths ⋅ CVR-2626976 MLS

This 3 bedroom, 1 1/2 bath rancher is a great starter or downsize home waiting for you to personalize it to make it your home. Located on Lakewood Dr beside Thacker Hardware and is less than two minutes from the Rives Road and South Crater Road exists of I-95. Close to everything you need!

324 Lakewood Drive, 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

$269,999

4 Beds ⋅ 2 Baths ⋅ CVR-2627023 MLS

125 Center Street, 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

$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

$200,000

CVR-2626872 MLS

Home is being sold as is.

727 harding 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

$215,000

CVR-2626484 MLS

1009 Hinton St offers a fantastic investment opportunity with two updated units, ideal for adding to your rental portfolio or owner-occupying one unit while generating income from the other. Recent renovations provide peace of mind with modern finishes tenants love, while the duplex layout offers strong flexibility and cash flow potential. Conveniently located near downtown Petersburg, major highways, shopping, dining, and local employers. Whether you’re a seasoned investor or just getting started, this turnkey multifamily property is an opportunity you won’t want to miss!

1007-1009 Hinton Street, Petersburg

$160,000

2 Beds ⋅ 1 Baths ⋅ CVR-2626675 MLS

Welcome to this adorable cottage located at 2022 Dupuy Road in Petersburg, VA! Recently renovated, this charming home offers the convenience of modern updates while maintaining the cozy character that makes a cottage feel like home. Inside, you'll find durable LVP-style flooring throughout, providing a clean, modern look while making everyday maintenance easy. The home has also been freshly painted throughout and features newer appliances and fixtures. Additional updates include vinyl siding and newer windows, along with a wall-mounted mini-split system for air conditioning and baseboard heating for year-round comfort. Outside, the backyard backs up to a wooded area, providing a peaceful and private setting. This property offers a lot in a compact package and is ready for its next owner to call it home. Call today or schedule your private showing! This charming Petersburg cottage is ready to welcome you home.

2022 Dupuy Road, Petersburg

$295,000

2 Beds ⋅ 3 Baths ⋅ CVR-2626660 MLS

Welcome home!!! A well deserved walk, a morning run, or a stroll to great dining. This prestigious piece of Petersburg is waiting for you. This character-filled brick residence offers timeless appeal with a welcoming covered front porch, beautiful original wood flooring, tall ceilings, elegant moldings, and decorative fireplaces that reflect the home’s classic style. Inside, you’ll find spacious, light-filled rooms with a warm and inviting feel, offering flexibility for everyday living, entertaining, or working from home. The updated kitchen adds a fresh touch with stylish white cabinetry, stainless steel appliances, and generous workspace, blending modern convenience with the home’s historic personality. Thoughtful details throughout the home create a unique sense of character, while the backyard provides a private outdoor space with room to relax, garden, or entertain. From the gracious entry to the charming interior finishes, this home offers a rare opportunity to enjoy classic Petersburg architecture with tasteful updates already in place. If you’ve been looking for a home with historic character, updated features, and plenty of charm, 315 Grove Avenue is a must-see.

315 Grove Avenue, Petersburg

$239,000

4 Beds ⋅ 2 Baths ⋅ CVR-2626521 MLS

Priced 25k below March 2025 appraisal! Come see this spacious 4 BR, 2 BA one-level BRICK home in Petersburg! New AC Unit installed Oct 2025, Roof replaced 2021, Water heater 2023. Featuring original refinished hardwood floors, fresh paint, eat-in kitchen with granite countertops, breakfast bar, island, and stainless steel appliances. Bathrooms feature tub and shower with tile surround. Formal dining room. Partially fenced yard. Seller is willing to provide a 1-year American Home Shield Home Warranty to purchaser with an acceptable offer.

1223 Paul Street, Petersburg

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