# 927 Farmer Street, Petersburg, VA

> This Residential Income listing has . Schedule a showing for 927 Farmer Street in Petersburg, VA.

- Price: $189,950
- Status: Active
- Property Type: Residential Income
- MLS ID: 2629869
- Photo: https://prd-pbgo-mls-photos.s3.amazonaws.com/cvrmls/properties/photos/2629869_a350c4796ea37885b8c5bd8fa025248e.jpg

## Description

PETERSBURG DUPLEX BEST BUY!

LIVE IN ONE UNIT — RENT THE OTHER!

927 Farmer St., Petersburg, VA 23803

ONLY $189,950!

FIRST-TIME HOMEBUYERS — WHY KEEP PAYING RENT WHEN YOUR TENANT COULD HELP PAY YOUR MORTGAGE?

Here is your opportunity to become a HOMEOWNER AND A LANDLORD with a small down payment!

This previously renovated Petersburg duplex features TWO 2-bedroom, 1-bath apartments, both currently vacant and ready for occupancy.

LIVE IN ONE APARTMENT AND RENT THE OTHER FOR AN ESTIMATED $1,250 PER MONTH!

LOOK AT THESE FHA FINANCING NUMBERS!

Purchase Price: $189,950

FHA Down Payment (3.5%): $6,648

Base Mortgage Amount: $183,302

Interest Rate: 7.75% Fixed

Loan Term: 30 Years

Monthly Principal & Interest: $1,313

Estimated Total Monthly Payment: $1,850–$1,950, including property taxes, homeowners insurance and FHA mortgage insurance

Projected Rent From Second Apartment: $1,250/month

YOUR ESTIMATED NET HOUSING PAYMENT:

JUST $600–$700 PER MONTH!

THAT'S RIGHT! YOU COULD OWN A DUPLEX, LIVE IN ONE APARTMENT, AND HAVE YOUR TENANT HELP PAY YOUR MORTGAGE!

Instead of paying $1,200–$1,500 per month in rent, imagine owning your own home while building equity and collecting rental income!

TWO APARTMENTS — ONE SMART INVESTMENT!

Built in 1890, this historic duplex has a long history as a rental property. Both apartments have been previously renovated and feature electric baseboard heating and window A/C units.

The property has a traditional pier foundation and some uneven floors, potentially resulting from settlement over the years. Buyers should independently inspect and evaluate the foundation.

STOP RENTING AND START BUILDING WEALTH!

FIRST-TIME BUYERS, THIS COULD BE YOUR OPPORTUNITY TO GET INTO REAL ESTATE INVESTING!

Live in one unit, rent the other, and let your rental income help offset your monthly housing expenses.

ONLY $189,950 — DON'T WAIT! CALL TODAY TO SCHEDULE YOUR SHOWING!

Financing illustration only.

## Attribution

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


Central Virginia Regional MLS data last updated on November 07, 2026 12:58 PM - ET

Property last updated: November 07, 2026 12:58 PM - ET.