Solid income-producing duplex offering immediate cash flow with total rents of $2,725/month at a $260,000 asking price. Each unit features a 2-bedroom, 1-bath layout with functional floor plans that appeal to long-term tenants. Recent updates include refreshed finishes in one unit with new countertops and appliances, along with major system improvements that reduce future capital expenses—full plumbing updates, including a main sewer line replacement in 2024, new water heaters in both units, and completed foundation work in 2025/2026. Situated on a spacious corner lot in a central location with strong rental demand, this property presents a wonderful addition to any portfolio with upside potential over time.
For sale
Price cut: $6K (5/22)
$254,000
2326 Elm Ave, Portsmouth, VA 23704
--beds
--baths
1,800sqft
:
Get pre-qualified$1,686/mo
Duplex
Built in 1924
-- sqft lot
$254,700 Zestimate®
$141/sqft
$-- HOA
What's special
Spacious corner lotFunctional floor plansNew countertops and appliancesRefreshed finishes
- 122 days |
- 201 |
- 20 |
Zillow last checked:
Listing updated:
Listed by:
Chad Keeney,
Latitude Realty Co. 757-955-9692
Source: REIN Inc.,MLS#: 10627739
Facts & features
Interior
Appliances
- Included: Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,800 sqft
Property
Features
- Fencing: Back Yard
- Waterfront features: Not Waterfront
Details
- Parcel number: 00890690
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Vinyl Siding
- Roof: Composition
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Prentis Park
Location
- Region: Portsmouth
Financial & listing details
- Price per square foot: $141/sqft
- Tax assessed value: $187,670
- Annual tax amount: $2,327
- Date on market: 4/2/2026
Estimated market value
$254,700
$242,000 - $267,000
$1,537/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,327 +2.1% | $187,670 +1.3% |
| 2024 | $2,280 +7.9% | $185,350 +9.6% |
| 2023 | $2,114 +19.4% | $169,080 +24.2% |
| 2022 | $1,770 +74% | $136,190 +74% |
| 2021 | $1,017 -0.3% | $78,260 -0.3% |
| 2019 | $1,021 | $78,530 |
| 2018 | $1,021 +4.4% | $78,530 +4.4% |
| 2017 | $978 -7.2% | $75,240 +3.7% |
| 2016 | $1,054 +11.7% | $72,570 -0.1% |
| 2015 | $944 +2.4% | $72,620 |
| 2014 | $922 | $72,620 |
| 2013 | $922 | $72,620 |
| 2012 | $922 -4.3% | $72,620 -4.3% |
| 2011 | $964 -1.8% | $75,910 -4.2% |
| 2010 | $982 +8.6% | $79,210 +8.6% |
| 2009 | $905 +2.5% | $72,950 |
| 2008 | $883 +1.7% | $72,950 +5.9% |
| 2007 | $868 +37.2% | $68,880 +48.1% |
| 2006 | $633 +8.4% | $46,520 +14.8% |
| 2005 | $584 +13.3% | $40,530 +14.1% |
| 2004 | $515 +12.8% | $35,510 +10.5% |
| 2003 | $456 +4% | $32,140 +4% |
| 2002 | $439 +40.4% | $30,900 +40.4% |
| 2001 | $313 | $22,010 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Prentis Park
Nearby schools
GreatSchools rating
- 1/10Douglass Park Elementary SchoolGrades: K-6Distance: 1.5 mi
- 2/10Cradock Middle SchoolGrades: 7-8Distance: 1.1 mi
- 3/10Manor High SchoolGrades: 9-12Distance: 3.8 mi
Schools provided by the listing agent
- Elementary: Douglass Park Elementary
- Middle: Churchland 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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