1139 E Leicester AVE Norfolk, VA $ 500,000
1139 E Leicester AVE
$ 500,000
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1139 E Leicester AVE

Norfolk, VA, 23503
$ 500,000
Bedrooms-- Baths0.0 Sq 2,400

Monthly Estimate*

$ 3,453

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Multi-Family Home for sale in Norfolk, VA

for $500,000. This 2,400 square foot home was built in 1931.

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.

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Multi-Family Active

Price

$ 500,000

Property Type

Multi-Family

Taxes

$ 2,433

Style

Over/Under

Year Built

1931

Town/City

Norfolk

County/Region

Norfolk City

MLS | Web ID

10656332

Features
Exterior
Waterfront 0
Siding Vinyl
Foundation Crawl
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General
Water Type City/County
Ownership Type Simple
Waterfront Description Not Waterfront
Roof Asphalt Shingle
Style Over/Under
Property Type Multi Family Residential
Area 13 - North Norfolk
Subdivision Name OCEAN VIEW
Sub Type Duplex
New Construction Y/N 0
Elementary School Oceanair Elementary
High School Norview
Middle School Northside Middle School
Non Non Contingent
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* Excluded Features
List By
Katie Howlett

Listing Agent

Bhhs Rw Towne Realty

Broker

Affordability Calculator

$3,656
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,453
Monthly Property Taxes
$203
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
239261 Elementary School
239248 Middle School
Norview High School High School

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1139 E Leicester AVE, Norfolk, VA, 23503 is a Multi-Family Home for sale at $500,000 with 2,400 sqft. 1139 E Leicester AVE has 0.0 baths and was built in 1931. The property's zip code is 23503 which is in Norfolk, VA