$350,000 | 816 50th Street Norfolk, VA 23508
THIS TRIPLEX IS A PRIME INVESTMENT, OFFERING STRONG RENTAL INCOME CURRENTLY BRINGING IN $3075/MONTH. THE PROPERTY INCLUDES A 4-BEDROOM, 1-BATH MAIN UNIT (1,200 SQ. FT.) WITH CENTRAL HEAT/AIR, IN-UNIT WASHER/DRYER; CURRENTLY RENTED FOR $1,200/MONTH WITH POTENTIAL FOR AN INCREASE. THE SECOND UNIT IS A 1-BEDROOM, 1-BATH APARTMENT (600 SQ. FT.) FEATURING A MINI-SPLIT AC, WINDOW UNIT, FRIDGE, AND GAS RANGE, CURRENTLY RENTED FOR $925/MONTH UNDER A RENEWED LEASE. THE THIRD UNIT, A UNIQUE GARAGE CONVERSION, OFFERS 1-BEDROOM, 1-BATH, IN-UNIT WASHER/DRYER, AND 480 SQ. FT. (PLUS A LOFT) WITH UPDATED FEATURES, ALSO RENTED UNDER A RENEWED LEASE, RENTING FOR $900/MONTH. ADDITIONAL UPDATES INCLUDE A NEW ROOF IN 2021 & NEWER WINDOWS IN THE MAIN HOUSE AND GARAGE UNITS.
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- Listing Price
- $350,000
- MLS#
- 10562162
- Listing Status
- Active
- Listing Type
- Multi-Family Residential
- Property Type
- Multi Family Residential
- Subdivision Name
- HIGHLAND PARK WEST
- Neighborhood Name
- Null
- Area Name
- 11 - West Norfolk
- Disclosure
- none
- Contigencies
- none
- Ownership
- Simple
- Zoned
- R-8
- Year Built
- 1950
- Listing Office
- Howard Hanna Real Estate Services
- Added to Website
- Dec 4, 2024
(3 weeks ago)
- Bedrooms
- Full Bathrooms
- 0
- Half Bathrooms
- 0
- Number of Rooms
- Living Space
- 2,280 sqft
- Levels
- 0.0
- Architecture
- Other
- Roof
- Asphalt Shingle
- Exterior Covering
- Asbestos
- Foundation
- Crawl
- Sewer
- City/County
- Noise Zone
- -65 Ldn
- Crash Zone
- None
- Taxes*
- $3,300.00/yr
*Tax information provided by listing agent. Please independently verify this information.
- Flooring
- EMPTY
- Water Heater Type
- Gas
- Water Type
- City/County
- Fence
- Partial
- Parking
- EMPTY
- Waterfront
- No
- Water Description
- Not Waterfront
Public Schools
- School District
- Norfolk Public Schools
- Elementary School
-
Larchmont Elementary (0.3 mi)
1145 Bolling Ave
Norfolk, VA 23508
(757) 451-4180 - Middle School
-
Blair Middle (1.4 mi)
730 Spotswood Ave
Norfolk, VA 23517
(757) 628-2400 - High School
-
Matthew Fontaine Maury High (1.7 mi)
322 Shirley Ave
Norfolk, VA 23517
(757) 628-3344 -
St Patrick Catholic School (0.3 mi)
1000 Bolling Ave, Norfolk, VA 23508
(757) 440-5500 -
Roadstead Montesorri High School (0.5 mi)
517 Rhode Island Ave, Norfolk, VA 23508
(757) 319-0663 -
Tabernacle Christian Academy & Revelator Childcare (0.7 mi)
3611 Colley Ave, Norfolk, VA 23508
(757) 625-4977 -
Park Place School (0.9 mi)
509 W 35th St, Norfolk, VA 23508
(757) 624-3473 -
Mcdonald Montessori School (0.9 mi)
4200 Granby St, Norfolk, VA 23504
(757) 423-1800
Private Schools
| Total Population | 19,046 |
|---|---|
| Median Commute Time | 17 mins |
| Median Years in Residence | 3 yrs |
| Median Home Age | 52 yrs |
| Residential Turnover Rate | 21% |
| Median Home Sales Price | $195,000 |
| Average Home Sales Price | $222,655 |
| Average Home Property Tax | $3,024 |
| Crime Risk Index | 294/100 |
| Air Pollution Index | 82/100 |
| Family Households | 3,487/6,358 (54.8%) |
| Households w/ Children | 1,749/6,358 (27.5%) |
| Average Family Size | 3 |
| Population Density | 5,413/sq. mi. |
| Median Age | 0.99 yrs |
| Median Household Income | $48,452 |
| Per Capita Income | $26,456 |
| White Collar Jobs | 4,790% |
| Overall Weather Risk | 185/100 |
30 year fixed interest mortgage with 10% downpayment:
- Principal and interest:
- $1,457
- Taxes*:
- $275
- Insurance*:
- $75
- Total Monthly Payment:
- $1,807
* Estimates Only! Your rates may vary and will affect your monthly payment.
Contact a Mortgage Professional Today
This home located at 816 50th, Norfolk, VA 23508 has approximately 2,280 square feet. It is currently listed for $350,000 and has a price per sqft of $15,351. This home is currently Active under the MLS#: 10562162. This listing is provided by Howard Hanna Real Estate Services.
816 50th Street, Norfolk was built in 1950. It has parking.
816 50th is part of the Highland Park West neighborhood located in 23508.
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