About This Home

This 0-bedroom, 0-bathroom multi-family at 1139 E Leicester Avenue in Norfolk, VA is listed for $500,000 ($208 per sqft). Built in 1931, the home offers 2,400 sqft of living space on a N/A lot.

Key Features

  • Built in 1931

Property Details

1931
Listing 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.

Monthly Cost Estimate

$2,674/mo

20% down · 6.5% · 30 years

Principal$362
Interest$2,167
Insurance$146

Estimates only. Actual payments may vary.

Location

1139 E Leicester Avenue

Norfolk, VA 23503

OCEAN VIEW

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1139 E Leicester Avenue is listed at $500,000 ($208/sqft). The estimated monthly payment is $2,674 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1931.

This property is listed by Katie Howlett.

KH

Katie Howlett

Agent at Berkshire Hathaway HomeServices RW Towne Realty

Listed by Berkshire Hathaway HomeServices RW Towne Realty · Broker phone: (757) 690-0439 · Broker website

MLS# 10656332· Source: Real Estate Information Network, Inc.· 24 days on PropertySimple

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1139 E Leicester Avenue, Norfolk, VA 23503

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