$480,000

1139 E Leicester AVE, Norfolk, VA 23503

Sq.Ft.

2,400

Property Description

Investment opportunity or live in one and let the other help offset your mortgage! Updated Ocean View duplex featuring two spacious 3BR/2BA units plus detached storage garage. Unit 1 is vacant and move-in ready. Unit 2 has a long-term tenant since 2021, currently month-to-month, offering flexibility. Extensive 2022 improvements include new roof, windows, updated electrical, downstairs HVAC, flooring, appliances and fresh paint. In 2026, an additional downstairs bathroom and tankless water heater were installed, creating two full baths in each unit and increasing rental potential. Historical annual rents exceeded $38K, with projected annual income of $45K. Ideal for investors or owner-occupants seeking rental income, flexibility and significant capital improvements already completed.

Overview

Property Status

For Sale

MLS ID

10656332

Property Type

Multi-Family

Year Built

1931

Are you interested?

Schedule a Tour

or

Katie Howlett

(757) 717-0807 [email protected]

Features & Amenities

Total Area

2,400 Sq.Ft.

Neighborhood

Norfolk

Architecture Styles

Over/Under

Water Source

Public

Roof

Asphalt

Laundry Room

Main Level

Appliances

Gas Water Heater

Sewer

Public Sewer

Elementary School

Oceanair Elementary

Middle School

Northside Middle School

High School

Norview

Sales Price

$480,000

Real Estate Tax

$2,433/yr

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We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

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1139 E Leicester AVE

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1139 E Leicester AVE

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