Welcome to 39 Walnut Ln, a charming 2-bedroom, 1-bath home with a long-term tenant already in place, currently paying $1,200/month. This property is a perfect investment opportunity for seasoned investors or anyone looking to start their real estate portfolio.
Located in the heart of Petersburg, this home is situated in an area experiencing ongoing revitalization and growth. With new businesses, infrastructure projects, and development initiatives in progress, Petersburg is becoming a hot spot for investors seeking affordable options with high potential for appreciation.
Enjoy steady cash flow from day one while benefiting from the city’s promising future. Whether you're expanding your investment portfolio or taking the first step in building generational wealth, 39 Walnut Ln is a smart move in the right direction.
Pending
$140,000
39 Walnut Ln, Petersburg, VA 23803
2beds
912sqft
Est.:
Single Family Residence
Built in 1974
3,001.28 Square Feet Lot
$115,000 Zestimate®
$154/sqft
$-- HOA
What's special
- 43 days
- on Zillow |
- 219 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: July 28, 2025 at 07:04am
Listed by:
Danielle Bowers 804-245-5545,
Century 21 Lifestyle,
Octavia Nicholas 804-688-7671,
Century 21 Lifestyle
Source: CVRMLS,MLS#: 2518149
Originating MLS: Central Virginia Regional MLS

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
- Dimensions: 0 x 0
Bedroom 2
- Level: First
- Dimensions: 0 x 0
Other
- Description: Tub & Shower
- Level: First
Kitchen
- Level: First
- Dimensions: 0 x 0
Living room
- Level: First
- Dimensions: 0 x 0
Heating
- Electric, Heat Pump
Cooling
- Central Air
Features
- Flooring: Carpet, Tile, Wood
- Has basement: No
- Attic: Pull Down Stairs
Interior area
- Total interior livable area: 912 sqft
- Finished area above ground: 912
- Finished area below ground: 0
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: None
Lot
- Size: 3,001.28 Square Feet
Details
- Parcel number: 031070006
- Zoning description: R-3
- Special conditions: Corporate Listing
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow,Cottage
- Property subtype: Single Family Residence
Materials
- Drywall, Frame, Vinyl Siding
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1974
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: None
Location
- Region: Petersburg
Financial & listing details
- Price per square foot: $154/sqft
- Tax assessed value: $91,200
- Annual tax amount: $748
- Date on market: 6/27/2025
- Ownership: Corporate
- Ownership type: Corporation
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