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Dianne Long
REALTOR®, GRI
(804) 897-3041

688 Pegram Street, Petersburg, VA 23803

$89,900
  • 688 Pegram Street, Petersburg, VA 23803 Main Photo

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Dianne Long
Call: (804) 897-3041

Pending
BEDS3 BATHS1 full SQUARE FEET1,665 MLS#2533837
STATUSPending PROPERTY TYPEResidential - Single Family

Property Description

Opportunity knocks for the savvy investor with this value-add property offering strong upside for both a flip or buy-and-hold strategy. This solidly built home features a flexible floorplan with plenty of square footage, allowing it to remain a true 4-bedroom, 1-bath layout or be thoughtfully reconfigured into a more modern and marketable 3-bedroom, 2 full-bath design. The existing footprint supports multiple renovation strategies, giving investors the freedom to optimize for resale or long-term rental performance. The exterior offers classic curb appeal with a covered front porch and a deep lot, while the rear includes a screened porch area that could be restored or repurposed into a desirable outdoor living feature. Inside, the home retains original finishes throughout, including wood paneling, dated flooring, and vintage fixtures, providing a clean slate for cosmetic or full-scale renovation. Living areas are generously sized with good natural light, making it easy to modernize while maintaining functional flow. The kitchen remains in original condition, ideal for a full redesign to maximize efficiency and value. Bedrooms are well-proportioned, and the existing bathroom presents an opportunity for a high-impact upgrade, especially if reworked into a two-bath configuration. From a systems standpoint, several major improvements are already in place, helping reduce upfront capital costs. The home features upgraded vinyl replacement windows (not new) and a heat pump system providing central air conditioning and heat. These updates allow you to focus renovation dollars where they matter most: layout, finishes, and overall presentation. Whether your strategy is a full renovation for resale or a strategic update for rental stabilization, this property offers the fundamentals investors look for, space, layout flexibility, and key mechanical upgrades. With the right vision and execution, this home has the potential to become a strong-performing asset and a profitable addition to your portfolio.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air
Heating: Electric, Heat Pump
Home Style: Bungalow, Cottage
Lot Size: 0.19 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $748
Year Built: 1920

Feature Descriptions

Days on Site: 64
Exterior: Aluminum Siding, Frame
Floor Features: Wood
Parcel#: 030-090023
Sewer: Public Sewer
Water: Public

Local Schools

High School: Petersburg
Middle School: Vernon Johns
Elementary School: Cool Spring

Listed By / Shown By

Listed By

Agency Name: The Hogan Group Real Estate
Agency Contact: info@hogangrp.com

Shown By

Agent Name: Dianne Long
Agent Phone: (804) 897-3041
Agency Title: Napier Realtors ERA

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Estimate Your Payment

Estimated Payment

$ 288.63 per month $200.08 Principal & Interest $62.33 Property Tax $26.22 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Movement Mortgage
Listed By: The Hogan Group Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/05/2026. The listing information on this page last changed on 03/05/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/05/2026 2:35:20 AM EST) or CAAR MLS (last updated Wed 03/04/2026 11:10:44 PM EST) or CVRMLS (last updated Thu 03/05/2026 1:08:27 AM EST) or Williamsburg MLS (last updated Wed 03/04/2026 10:54:34 PM EST) or NNAR MLS (last updated Wed 03/04/2026 10:26:37 PM EST) or Chesapeake Bay & Rivers (last updated Wed 03/04/2026 8:50:27 PM EST). Real estate listings held by brokerage firms other than Napier Realtors ERA may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.



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These real estate listings were derived from the Central Virginia Regional Multiple Listing Service, LLC, of which this brokerage is an independently owned Participant. The information contained in these listings is deemed reliable but is not guaranteed. All MLS listings are © 2026 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved. No one may copy and/or repost these MLS listings, or any portion thereof, without the written permission of an authorized officer of the Central Virginia Regional Multiple Listing Service, LLC. These listings are refreshed within a minimum of every seven calendar days. Thus, listings may appear here for properties no longer on the market. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing.



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