This income-producing duplex features separate water and electric meters, individual A/C units, and washer and dryer hookups for each unit. Tenants pay their own utilities, keeping expenses low for the owner. Unit A currently rents for $1,250 per month with room to grow, and the lease is month to month. Unit B rents for $1,425 per month with a lease in place through 3/31/2026. Recent renovations include updated kitchen cabinets, countertops, appliances, and a fully remodeled bathroom with a tile backsplash. This is a solid turnkey property offering strong cash flow and excellent long-term potential
Sold
$362,500
361 Cherry St, Norfolk, VA 23503
4beds
2baths
1,500sqft
Duplex
Built in 1964
-- sqft lot
$372,400 Zestimate®
$242/sqft
$1,754 Estimated rent
Home value
$372,400
$346,000 - $398,000
$1,754/mo
Zestimate® history
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$2,232/mo
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List your homeWhat's special
Fully remodeled bathroomTile backsplashUpdated kitchen cabinets
Zillow last checked:
Listing updated:
Listed by:
Kyle Florio,
Own Real Estate LLC 757-354-4080
Bought with:
Geoffrey Whiteside
Keller Williams Town Center
Source: REIN Inc.,MLS#: 10587188
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
Interior area
- Total interior livable area: 1,500 sqft
Property
Features
- Fencing: None
- Waterfront features: Not Waterfront
Details
- Parcel number: 10271000
- Zoning: R-11
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Brick
- Foundation: Slab
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & neighborhood
Location
- Region: Norfolk
- Subdivision: Willoughby Park
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,462 +0.4% | $281,500 +0.4% |
| 2024 | $3,450 +8.6% | $280,500 +10.3% |
| 2023 | $3,178 +23.3% | $254,200 +23.3% |
| 2022 | $2,576 +14.2% | $206,100 +14.2% |
| 2021 | $2,256 +12% | $180,500 +12% |
| 2020 | $2,015 +4% | $161,200 +4% |
| 2019 | $1,938 +0.5% | $155,000 +0.5% |
| 2018 | $1,928 +15.5% | $154,200 +2.8% |
| 2017 | $1,669 | $150,000 -10.1% |
| 2016 | $1,669 -13% | $166,800 |
| 2015 | $1,918 | $166,800 |
| 2014 | $1,918 | $166,800 |
| 2013 | -- | $166,800 |
| 2012 | -- | $166,800 -6% |
| 2011 | -- | $177,500 +10.6% |
| 2010 | -- | $160,500 |
| 2009 | -- | $160,500 |
| 2008 | -- | $160,500 +10.4% |
| 2007 | -- | $145,400 +15% |
| 2006 | -- | $126,400 +37.4% |
| 2005 | -- | $92,000 +22% |
| 2004 | -- | $75,400 +3% |
| 2003 | -- | $73,200 +11.1% |
| 2002 | -- | $65,900 |
| 2001 | -- | $65,900 +0% |
| 2000 | -- | $65,880 |
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: 1.2 mi
- 2/10Granby High SchoolGrades: 9-12Distance: 3.3 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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$372,400
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- Virginia
- Norfolk City
- Norfolk
- 23503
- West Ocean View
- 361 Cherry St
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