Great Investment Opportunity to build your portfolio or a first-time home buyer looking to capitalize on their investment potential by living in one and renting out the other 3. This well-maintained, low-maintenance 4-PLEX has reserved parking with a Rent Cash Flow of Almost $3,000 a Month which is equivalent to $36,000 a Year! Tenants pay their utilities and some are long-term residences for over 4+ years. All units are currently month-to-month but would love to stay. Located for easy access to shipyards, military bases, interstates, shopping, entertainment, and more. Don't let this slip away start investing in yourself today. 2024-03-26
Sold for $325,000
$325,000
1340 Reservoir Ave, Norfolk, VA 23504
--beds
--baths
2,880sqft
Multi Family
Built in 1985
-- sqft lot
$384,900 Zestimate®
$113/sqft
$1,702 Estimated rent
Home value
$384,900
$358,000 - $412,000
$1,702/mo
Zestimate® history
Owner options
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$2,040/mo
Est. payment
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Est. payment
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Zillow last checked:
Bought with:
Lynnhaven Office
Source: Berkshire Hathaway HomeServices Towne Realty Solds,MLS#: 10517408
Facts & features
Interior
Interior area
- Total structure area: 2,880
- Total interior livable area: 2,880 sqft
Property
Details
- Parcel number: 11995925
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1985
Community & HOA
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $113/sqft
- Tax assessed value: $329,600
- Annual tax amount: $4,054
- Date on market: 3/2/2024
Price history
| Date | Event | Price |
|---|---|---|
| 3/1/2024 | Sold | $325,000-7.1%$113/sqft |
Source: Public Record Report a problem | ||
| 1/26/2024 | Contingent | $349,900$121/sqft |
Source:  REIN Inc. #10517408 Report a problem | ||
| 1/23/2024 | Listed for sale | $349,900+53.5%$121/sqft |
Source: REIN Inc. #10517408 Report a problem | ||
| 6/14/2011 | Listing removed | $600 |
Source: JJC Management & Holdings LLC Report a problem | ||
| 1/1/2011 | Listed for rent | $600 |
Source: JJC Management & Holdings LLC Report a problem | ||
| 2/12/2009 | Sold | $228,000$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,054 +3.3% | $329,600 +3.3% |
| 2024 | $3,926 +11.2% | $319,200 +13% |
| 2023 | $3,531 +8.5% | $282,500 +8.5% |
| 2022 | $3,255 +26.7% | $260,400 +26.7% |
| 2021 | $2,570 +1.9% | $205,600 +1.9% |
| 2020 | $2,521 +4.4% | $201,700 +4.4% |
| 2019 | $2,415 +3.7% | $193,200 +3.7% |
| 2018 | $2,329 +8.9% | $186,300 +0.2% |
| 2017 | $2,139 | $186,000 -2.3% |
| 2016 | $2,139 -2.3% | $190,300 |
| 2015 | $2,188 | $190,300 |
| 2014 | $2,188 | $190,300 |
| 2013 | -- | $190,300 |
| 2012 | -- | $190,300 -8.3% |
| 2011 | -- | $207,500 -2.7% |
| 2010 | -- | $213,300 |
| 2009 | -- | $213,300 +4% |
| 2008 | -- | $205,100 |
| 2007 | -- | $205,100 +16.1% |
| 2006 | -- | $176,600 +17.6% |
| 2005 | -- | $150,200 +6.4% |
| 2004 | -- | $141,100 +2.9% |
| 2003 | -- | $137,100 +21.7% |
| 2002 | -- | $112,700 |
| 2001 | -- | $112,700 +0.9% |
| 2000 | -- | $111,750 |
Find assessor info on the county website
Neighborhood: Bruce's Park
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Nearby schools
GreatSchools rating
- 1/10Jacox Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 1/10Ruffner Middle SchoolGrades: 3-8Distance: 0.9 mi
- 1/10B. T. Washington High SchoolGrades: 9-12Distance: 0.3 mi
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$384,900
2% more
+$7,698
With Zillow Showcase(estimated)
$392,598
- Virginia
- Norfolk City
- Norfolk
- 23504
- Bruce's Park
- 1340 Reservoir Ave
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