# 1525 Des Moines Avenue, Portsmouth, VA 23704

> **TL;DR:** residential multi family, $260,000 ($176/sqft), built 1953, 1,476 sqft. Est. $1,127/mo. Listed 12 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $260,000 |
| Price/sqft | $176 |
| Square Feet | 1,476 |
| Year Built | 1953 |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 12 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,127 |
| **Total** | **$1,127** |

## Nearby Schools

- **Elementary:** Brighton Elementary
- **Middle:** Cradock Middle

## Property Highlights

- Built in 1953

## Description

### Agent Description
Opportunities like 1523 & 1525 Des Moines Ave are the "hidden gems" of the Portsmouth market. This dual-asset acquisition allows you to offset your hold of cost from Day 1 with a current tenant 1523 paying $900/month (10,800 in annual gross income), while you unlock the explosive potential of the adjacent unit. By converting 1525 into a premium 3-bedroom, 2-bedroom residence, you aren't just renovating-you are engineering equity. In a market where 3/2 units command premium rents, a strategic conversion can significantly optimize you Cap Rate. With a 3-year-old roof already protecting you investment, your capital can be focused entirely on the high-ROI interior finishes that drive appraisal value. 1525 has all-in-one washer /dryer. Has electrical charger outlet.

## Location

- **Address:** 1525 Des Moines Avenue, Portsmouth, VA 23704
- **County:** Portsmouth VA
- **Neighborhood:** PRENTIS PLACE

## Listing Agent

- **Name:** Elizabeth Abrams
- **Brokerage:** Abrams Realty
- **Phone:** (757) 642-0118
- **Email:** liz@abramshomes.com

## Primary Photo

![1525 Des Moines Avenue - Primary Photo](http://lh.rdcpix.com/59d5787e8a38b03c2dc7887482ab6a04l-f2111037481r.jpg)

*34 total photos available on [listing page](https://www.propertysimple.com/listing/1525-des-moines-avenue-portsmouth-va-23704-10635401)*

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**MLS#:** 10635401 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1525-des-moines-avenue-portsmouth-va-23704-10635401)

---

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