1551 Spruce Street ST Norfolk, VA $ 280,000
1551 Spruce Street ST
$ 280,000
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1551 Spruce Street ST

Norfolk, VA, 23502
$ 280,000
Bedrooms-- Baths0.0 Sq 2,100

Monthly Estimate*

$ 1,934

1551 Spruce Street ST, Norfolk, VA 23502 - Image 1
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Multi-Family Home for sale in Norfolk, VA

for $280,000. This 2,100 square foot home was built in 1951.

Discover a fantastic investment opportunity at 1551 Spruce Street in Norfolk! This side-by-side duplex offers two distinct rental units with a combined monthly rental income of $2,700. Unit A features 3 bedrooms, 2 bathrooms, and approximately 1,300 square feet of living space, currently renting for $1,500 per month. Unit B offers 2 bedrooms, 1 bathroom, and approximately 828 square feet, currently renting for $1,200 per month. Each unit enjoys its own designated backyard area, providing tenants with separate outdoor spaces. Tenants are responsible for all utilities, making this an appealing addition to an investment portfolio. Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 204 Central Avenue, Suffolk (MLS# 10656924) offered at $245,000; 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; and 1622 Prentis Avenue, Portsmouth (MLS# 10656915) offered at $250,000. This property, 1551 Spruce Street (MLS# 10656917), is offered individually at $280,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.

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Multi-Family Active

Price

$ 280,000

Property Type

Multi-Family

Taxes

$ 2,312

Style

Over/Under

Year Built

1951

Town/City

Norfolk

County/Region

Norfolk City

MLS | Web ID

10656917

Features
Exterior
Lot Depth 100
Waterfront 0
Lot Front 75
Siding Clapboard
Foundation Crawl
Lot Dimensions 75 X 100
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General
Water Type City/County
Ownership Type Simple
Waterfront Description Not Waterfront
Roof Asphalt Shingle
Zoning R-11
Style Over/Under
Property Type Multi Family Residential
Area 12 - East Norfolk
Subdivision Name COLEMAN PLACE
Sub Type Duplex
New Construction Y/N 0
Elementary School Coleman Place Elementary
High School BT Washington
Middle School Norview Middle
Non Non Contingent
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* Excluded Features
List By
Alex Winfield

Listing Agent

Coastal Group Inc.

Broker

Affordability Calculator

$2,127
Per Month
91%
9%
0%
Monthly Principal & Interest
$1,934
Monthly Property Taxes
$193
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
239379 Elementary School
239303 Middle School
BT Washington High School High School

Map


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1551 Spruce Street ST, Norfolk, VA, 23502 is a Multi-Family Home for sale at $280,000 with 2,100 sqft. 1551 Spruce Street ST has 0.0 baths and was built in 1951. The property's zip code is 23502 which is in Norfolk, VA