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3 Beds
1 Bath
980 sqft

$139,950

1227 Montgomery Ave, Petersburg VA, 23803

Price per sqft$142.81
Built in1957
Property size980 sqft
Property typeResidential

Overview

Active

Listed Oct 2, 2026

Updated 19h ago

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.

$931/mo

Est. mortgage payment based on a $139,950 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2626979

Interior Features

Bedrooms
3
Bathrooms
1
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.16 Acres

Other Property Details

Taxes
$1,245
Tax Frequency
Annually

Listed by Weichert Brockwell & Associate, Kenneth Byers, (804) 919-4444 

All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listings are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Date last updated: 10/10/2026

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