About This Home

This 3-bedroom, 1-bathroom single family at 1227 Montgomery Avenue in Petersburg, VA is listed for $139,900 ($143 per sqft). Built in 1957, the home offers 980 sqft of living space on a 0.16 acres lot.

Key Features

  • Built in 1957
  • 0.16 acre lot

Property Details

1 story
1 full
1957
Listing Description

FIRST-TIME HOMEBUYERS - STOP PAYING YOUR LANDLORD'S MORTGAGE AND START BUILDING EQUITY IN YOUR OWN HOME! Why pay $1,350 per month in rent when you could own this 3-bedroom home for potentially less? With an FHA loan requiring as little as 3.5% down, homeownership may be more affordable than you think!

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.

Monthly Cost Estimate

$748/mo

20% down · 6.5% · 30 years

Principal$101
Interest$606
Insurance$41

Estimates only. Actual payments may vary.

Location

1227 Montgomery Avenue

Petersburg, VA 23803

Birdville Park

Features & Amenities

Interior Features

LaminateCounters

Exterior Features

PorchUnpavedDriveway

Property Details

Flooring

Wood

Construction

AluminumSiding Drywall VinylSiding WoodSiding

Outdoor Features

Porch

Parking

Paved or SurfacedDrivewayOn Street

Heating

Forced AirNatural Gas

Appliances

ElectricWaterHeaterRefrigeratorStove

Questions & Answers

This 3-bedroom, 1-bathroom single family at 1227 Montgomery Avenue is listed at $139,900 ($143/sqft). The estimated monthly payment is $748 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1957, 0.16 acre lot. Interior Features: LaminateCounters. Exterior Features: Porch, UnpavedDriveway.

This property is listed by Kenneth Byers.

KB

Kenneth Byers

License 0225273763

Agent at Weichert Realtors Brockwell and Portwood

Listed by Weichert Realtors Brockwell and Portwood · Broker phone: (804) 518-0500 · View on Broker Site · Broker website

MLS# 2626979· Source: Central Virginia Regional Multiple Listing Service· 31 days on PropertySimple

Copyright © 2026 Central Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1227 Montgomery Avenue, Petersburg, VA 23803

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