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.
Sold
$268,000
1525 Des Moines Ave, Portsmouth, VA 23704
4beds
2baths
1,476sqft
Duplex
Built in 1953
-- sqft lot
$268,200 Zestimate®
$182/sqft
$1,679 Estimated rent
Home value
$268,200
$255,000 - $282,000
$1,679/mo
Zestimate® history
Owner options
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$1,679/mo
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$1,711/mo
Est. payment
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$1,711/mo
Est. payment
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Electrical charger outlet
Zillow last checked:
Listing updated:
Listed by:
Elizabeth Abrams,
Abrams Realty 757-644-3800,
Mark Crews,
Abrams Realty
Bought with:
Jay Hutson
Abrams Realty
Source: REIN Inc.,MLS#: 10635401
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Appliances
- Included: Electric Water Heater
Interior area
- Total interior livable area: 1,476 sqft
Property
Features
- Fencing: Back Yard
- Waterfront features: Not Waterfront
Details
- Parcel number: 01030070
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick
- Foundation: Slab
- Roof: Asphalt Shingle
Condition
- Fixer
- New construction: No
- Year built: 1953
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Prentis Place
Location
- Region: Portsmouth
Financial & listing details
- Price per square foot: $182/sqft
- Tax assessed value: $253,640
- Annual tax amount: $3,145
- Date on market: 5/20/2026
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,145 +20.6% | $253,640 +19.6% |
| 2024 | $2,609 +21.6% | $212,090 +23.5% |
| 2023 | $2,146 +11.3% | $171,680 +15.7% |
| 2022 | $1,928 +15.7% | $148,340 +15.7% |
| 2021 | $1,667 +6.6% | $128,240 +5.9% |
| 2019 | $1,563 | $121,050 +0.6% |
| 2018 | $1,563 | $120,270 |
| 2017 | $1,563 -6.6% | $120,270 |
| 2016 | $1,674 +11.1% | $120,270 +3.7% |
| 2015 | $1,508 +2.4% | $115,970 |
| 2014 | $1,473 | $115,970 |
| 2013 | $1,473 | $115,970 |
| 2012 | $1,473 -3.6% | $115,970 -3.6% |
| 2011 | $1,528 -1.2% | $120,350 -3.5% |
| 2010 | $1,547 | $124,720 |
| 2009 | $1,547 +2.5% | $124,720 |
| 2008 | $1,509 +2.3% | $124,720 +6.6% |
| 2007 | $1,475 +25.3% | $117,040 +35.2% |
| 2006 | $1,177 +11.7% | $86,570 +18.3% |
| 2005 | $1,054 +13.1% | $73,170 +13.9% |
| 2004 | $931 +13.6% | $64,240 +11.2% |
| 2003 | $820 +3.2% | $57,770 +3.2% |
| 2002 | $795 +4% | $55,990 +4% |
| 2001 | $764 | $53,820 |
Find assessor info on the county website
Neighborhood: Prentis Park
Nearby homes
- $281,8002 bd1 ba738 sqft1523 Des Moines Ave, Portsmouth, VA 23704Off Market
- $180,0004 bd2 ba1.2k sqft1527 Des Moines Ave, Portsmouth, VA 23704Off Market
- $196,9003 bd1 ba1.2k sqft1527 De Moines Ave, Portsmouth, VA 23704Off Market
- $59,380-- bd2 ba1.7k sqft1519 Des Moines Ave, Portsmouth, VA 23704Off Market
- $216,900-- bd1 ba1.8k sqft1529 Des Moines Ave, Portsmouth, VA 23704Off Market
- $246,6004 bd3 ba1.8k sqft1515 Des Moines Ave, Portsmouth, VA 23704Off Market
- $219,8003 bd2 ba1.8k sqft1518 Lansing Ave, Portsmouth, VA 23704Off Market
- $248,0003 bd2 ba1.5k sqft1514 Lansing Ave, Portsmouth, VA 23704Sold
Nearby schools
GreatSchools rating
- 3/10Brighton Elementary SchoolGrades: K-6Distance: 0.6 mi
- 2/10Cradock Middle SchoolGrades: 7-8Distance: 1.5 mi
- 2/10I.C. Norcom High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- Elementary: Brighton Elementary
- Middle: Cradock Middle
- High: IC Norcom
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$268,200
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$273,564
- Virginia
- Portsmouth City
- Portsmouth
- 23704
- Prentis Park
- 1525 Des Moines Ave
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