About This Home
This 0-bedroom, 0-bathroom residential multi family at 521 Monroe Avenue in Cape Charles, VA is listed for $899,000 ($293 per sqft). Built in 1920, the home offers 3,072 sqft of living space on a N/A lot.
Key Features
- Built in 1920
Property Details
Rare turnkey duplex investment opportunity in the heart of historic Cape Charles. Fully renovated in 2020, this coastal property features two identical units, each offering 3 bedrooms, 2 full baths, spacious living areas, full kitchens with stainless appliances, dining areas, hardwood flooring, wall-to-wall carpet, attic storage, and in-unit washers & dryers.
Both units include central HVAC with heat pumps, double-pane windows, electric water heaters, patios, and off-street parking with a stone driveway. All furniture, appliances, and decor purchased in 2021 convey, making this a true move-in ready or short-term rental opportunity.
Property has 4 years of established vacation rental history with strong income potential. Located just minutes from public beach access, local shops, restaurants, and entertainment in one of Virginia's most popular coastal towns. 1 unit is occupied with a year lease ending in 2027 and the other unit has several short term rentals through August 2026
Monthly Cost Estimate
$4,808/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
521 Monroe Avenue
Cape Charles, VA 23310
CAPE CHARLES
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 521 Monroe Avenue is listed at $899,000 ($293/sqft). The estimated monthly payment is $4,808 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1920.
This property is listed by Steve Marable and can be reached at (757) 645-9700.