Income-producing triplex located on a hill in Balview, offering a great investment opportunity close to beaches, schools, and shopping. This multi-unit property provides strong rental potential in a desirable area with convenient access to everyday amenities. Whether you're looking to expand your portfolio or live in one unit while renting the others, this property offers flexibility and long-term value. Elevated setting provides added privacy and appeal, while the prime location makes it attractive to tenants and owners alike. Don’t miss this chance to own a well-located triplex in a sought-after area. Sold-As-is/where is
Sold
$262,500
256 W Balview Ave, Norfolk, VA 23503
3beds
3baths
--sqft
Multi Family
Built in 1927
-- sqft lot
$264,200 Zestimate®
$--/sqft
$1,786 Estimated rent
Home value
$264,200
$248,000 - $280,000
$1,786/mo
Zestimate® history
Owner options
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$1,786/mo
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$1,786/mo
Rent Zestimate®
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$1,632/mo
Est. payment
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$1,632/mo
Est. payment
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List your homeWhat's special
Located on a hill
Zillow last checked:
Listing updated:
Listed by:
Ronald Boone,
Judy Boone Realty Inc. 757-587-2800,
Judith Boone,
Judy Boone Realty Inc.
Bought with:
Jason Freer
KW Coastal Virginia Chesapeake
Source: REIN Inc.,MLS#: 10620291
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Baseboard, Electric
Cooling
- Variable Speed, Whole House Fan, Wall/Window Unit(s)
Appliances
- Included: Electric Water Heater
Features
- Flooring: Carpet
- Basement: Crawl Space
Property
Parking
- Parking features: Assigned
Features
- Stories: 2
Details
- Parcel number: 41144023
- Zoning: R-12
- Special conditions: Owner Agent
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame, Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1927
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Norfolk
- Subdivision: Ocean View Cottage
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,910 +2.5% | $236,600 +2.5% |
| 2024 | $2,839 +2.6% | $230,800 +4.3% |
| 2023 | $2,766 +8.7% | $221,300 +8.7% |
| 2022 | $2,545 +20% | $203,600 +20% |
| 2021 | $2,120 +3.7% | $169,600 +3.7% |
| 2020 | $2,044 +2.5% | $163,500 +2.5% |
| 2019 | $1,994 +4% | $159,500 +4% |
| 2018 | $1,918 +10.1% | $153,400 +1.3% |
| 2017 | $1,742 | $151,500 +3.6% |
| 2016 | $1,742 +7.4% | $146,300 |
| 2015 | $1,622 | $146,300 |
| 2014 | $1,622 | $146,300 |
| 2013 | -- | $146,300 |
| 2012 | -- | $146,300 -4.8% |
| 2011 | -- | $153,600 -2.8% |
| 2010 | -- | $158,000 -5.5% |
| 2009 | -- | $167,200 -10.2% |
| 2008 | -- | $186,100 |
| 2007 | -- | $186,100 +21.3% |
| 2006 | -- | $153,400 +34.1% |
| 2005 | -- | $114,400 +19.8% |
| 2004 | -- | $95,500 +9.9% |
| 2003 | -- | $86,900 +5.1% |
| 2002 | -- | $82,700 +3.4% |
| 2001 | -- | $80,000 +1.7% |
| 2000 | -- | $78,680 |
Find assessor info on the county website
Neighborhood: West Ocean View
Nearby schools
GreatSchools rating
- 3/10Ocean View Elementary SchoolGrades: K-5Distance: 0.2 mi
- 3/10Northside Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Granby High SchoolGrades: 9-12Distance: 3.5 mi
Schools provided by the listing agent
- Elementary: Ocean View Elementary
- Middle: Northside Middle School
- High: Granby
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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$264,200
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With Zillow Showcase(estimated)
$269,484
- Virginia
- Norfolk City
- Norfolk
- 23503
- West Ocean View
- 256 W Balview Ave
Nearby cities
Nearby neighborhoods
Nearby zip codes
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