Discover a unique investment opportunity with this duplex, ideally situated in a peaceful neighborhood adjacent to Old Dominion University. Both units have a yearly lease until 7/30/2025. Unit 1 leased at 1,400.00 monthly, Unit 2 at 1,500.00 monthly. 2024-10-07
Sold for $320,000
$320,000
1542 Melrose Pkwy, Norfolk, VA 23508
--beds
--baths
1,900sqft
Multi Family
Built in 1919
-- sqft lot
$371,400 Zestimate®
$168/sqft
$1,901 Estimated rent
Home value
$371,400
$349,000 - $394,000
$1,901/mo
Zestimate® history
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$2,014/mo
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Zillow last checked:
Bought with:
Norfolk Office
Source: Berkshire Hathaway HomeServices Towne Realty Solds,MLS#: 10547089
Facts & features
Interior
Interior area
- Total structure area: 1,900
- Total interior livable area: 1,900 sqft
Property
Details
- Parcel number: 39747200
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1919
Community & HOA
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $168/sqft
- Tax assessed value: $338,000
- Annual tax amount: $4,157
- Date on market: 10/8/2024
Price history
| Date | Event | Price |
|---|---|---|
| 10/4/2024 | Sold | $320,000-1.5%$168/sqft |
Source: Berkshire Hathaway HomeServices Towne Realty Solds #34998735f2ce45d8a37fc7bcc5386171 Report a problem | ||
| 9/6/2024 | Contingent | $325,000$171/sqft |
Source:  REIN Inc. #10547089 Report a problem | ||
| 8/15/2024 | Listed for sale | $325,000$171/sqft |
Source: REIN Inc. #10547089 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,157 +7.8% | $338,000 +7.8% |
| 2024 | $3,855 +3.4% | $313,400 +5.1% |
| 2023 | $3,728 +8% | $298,200 +8% |
| 2022 | $3,451 +3.1% | $276,100 +3.1% |
| 2021 | $3,348 +2.2% | $267,800 +2.2% |
| 2020 | $3,275 +3.3% | $262,000 +3.3% |
| 2019 | $3,170 +5.9% | $253,600 +5.9% |
| 2018 | $2,993 +10.8% | $239,400 +2.2% |
| 2017 | $2,700 | $234,200 +9.3% |
| 2016 | $2,700 +12.8% | $214,300 |
| 2015 | $2,394 | $214,300 |
| 2014 | $2,394 | $214,300 |
| 2013 | -- | $214,300 |
| 2012 | -- | $214,300 -7.8% |
| 2011 | -- | $232,500 |
| 2010 | -- | $232,500 -7.4% |
| 2009 | -- | $251,100 +5.9% |
| 2008 | -- | $237,200 |
| 2007 | -- | $237,200 +15.7% |
| 2006 | -- | $205,000 +27% |
| 2005 | -- | $161,400 +19.7% |
| 2004 | -- | $134,800 +9.8% |
| 2003 | -- | $122,800 +6% |
| 2002 | -- | $115,800 +8% |
| 2001 | -- | $107,200 +6% |
| 2000 | -- | $101,160 |
Find assessor info on the county website
Neighborhood: Edgewater
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Nearby schools
GreatSchools rating
- 8/10Larchmont Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 3/10Blair Middle SchoolGrades: 6-8Distance: 1.6 mi
- 3/10Maury High SchoolGrades: 9-12Distance: 2 mi
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$371,400
2% more
+$7,428
With Zillow Showcase(estimated)
$378,828
- Virginia
- Norfolk City
- Norfolk
- 23508
- Edgewater
- 1542 Melrose Pkwy
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