PRIME NORFOLK LOCATION - INCOME-PRODUCING PROPERTY Conveniently located near the SCOPE Arena, The NorVa, and the Chrysler Museum of Art, this completely renovated 1,180-square-foot unit delivers immediate $2,250/month cash flow. Offered at $250,000, this turnkey investment features a reliable tenant currently in place on a flexible month-to-month agreement, providing an excellent opportunity for rental income from day one with future lease flexibility. The property has been fully updated with brand-new floors, paint, and finishes throughout, and includes a well-maintained HVAC system on a regular service plan along with one dedicated parking space. Positioned in a premium downtown location, this property ensures strong long-term rental demand in the heart of Norfolk’s entertainment district. With zero additional investment needed, the property is move-in ready and generating revenue from the moment you close. The motivated seller is looking for a smooth transaction. This is an outstanding opportunity to add income and a highly desirable asset to your portfolio in one of Norfolk's most sought-after rental markets. Contact us today to learn more!
For sale
Price cut: $10K (8/19)
$215,000
435 Monticello Ave Unit 300C, Norfolk, VA 23510
1beds
1,132sqft
Condominium
Built in 1920
-- sqft lot
$215,000 Zestimate®
$190/sqft
$540/mo HOA
What's special
Brand-new floorsWell-maintained hvac systemOne dedicated parking space
- 33 days |
- 485 |
- 46 |
Zillow last checked:
Listing updated:
Listed by:
Eugene Shull,
KW Metro Center 805-858-9000
Source: REIN Inc.,MLS#: 10644320
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator, Washer, Electric Water Heater
- Laundry: Dryer Hookup, Washer Hookup
Features
- Walk-In Closet(s)
- Flooring: Ceramic Tile, Concrete
- Has fireplace: No
Interior area
- Total interior livable area: 1,132 sqft
Property
Parking
- Parking features: Off Street
Features
- Stories: 1
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: Not Waterfront
Lot
- Size: 483 Square Feet
- Features: Corner
Details
- Parcel number: 00010216
- Zoning: D-3
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
- Roof: Poly Skin
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Downtown Area
HOA
- Has HOA: No
- Amenities included: Elevator(s), Security, Sewer, Trash, Water
- Second HOA fee: $540 monthly
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $244,800
- Annual tax amount: $3,403
- Date on market: 7/18/2026
Estimated market value
$215,000
$204,000 - $226,000
$2,058/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,403 +0.6% | $244,800 +0.6% |
| 2024 | $3,382 +10.7% | $243,300 -0.5% |
| 2023 | $3,056 +7.4% | $244,500 +7.4% |
| 2022 | $2,845 +12.1% | $227,600 +12.1% |
| 2021 | $2,538 +0.1% | $203,000 +0.1% |
| 2020 | $2,535 +3.9% | $202,800 +3.9% |
| 2019 | $2,440 -7.3% | $195,200 +4.6% |
| 2018 | $2,632 -6.1% | $186,700 -0.9% |
| 2017 | $2,805 | $188,400 -15.7% |
| 2016 | $2,805 -4.2% | $223,500 |
| 2015 | $2,928 | $223,500 |
| 2014 | $2,928 | $223,500 |
| 2013 | -- | $223,500 |
| 2012 | -- | $223,500 -0.9% |
| 2011 | -- | $225,600 -1.8% |
| 2010 | -- | $229,700 -27% |
| 2009 | -- | $314,500 -0.9% |
| 2008 | -- | $317,300 |
| 2007 | -- | $317,300 +0.8% |
| 2006 | -- | $314,800 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 1/10P.B. Young Sr. Elementary SchoolGrades: PK-2Distance: 0.4 mi
- 3/10Blair Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Maury High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Walter Herron Taylor Elementary
- Middle: Blair Middle
- High: Maury
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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