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Under contract
  • $300,000

    500 Virginian Dr, Norfolk, VA 23505

    4beds
    3baths
    2,300sqft
    : 
    $1,965/mo
    Get pre-qualified
    Duplex
    Built in 1951
    -- sqft lot
    $298,300 Zestimate®
    $130/sqft
    $-- HOA

    What's special

    Side-by-side layoutGenerous living spaces
    Positioned in Norfolk's established Suburban Acres neighborhood, this duplex presents a compelling blend of immediate income and long-term opportunity. Both units are tenant occupied with leases extending through 07/31/2027 at $1,425.00 monthly rent and 05/31/2027 at $1,325.00 monthly rent, creating reliable revenue from day one. (Photos are of Unit A only.) Residents enjoy convenient access to Naval Station Norfolk, Old Dominion University, Sentara Leigh Hospital, Norfolk Premium Outlets, Military Circle redevelopment initiatives, and the growing dining and entertainment scene surrounding Granby Street and Downtown Norfolk. Nearby favorites include The Dirty Buffalo, Jessy's Taqueria, Starbucks, Target, and Harris Teeter. The property's side-by-side layout, generous living spaces, and established tenancy offer a practical path for investors seeking stability in a market driven by military, medical, educational, and professional employment sectors. Imagine owning an asset in the center of a city known for commerce, culture, and connectivity while benefiting from consistent cash flow and future appreciation potential. Opportunities for a multifamily property in this location are increasingly limited. Photos Virtually Staged. Hurry to schedule a private viewing now before someone else buys YOUR INVESTMENT!
    5 days
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    Zillow last checked:

    Listing updated:

    Listed by:

    Lea Marie Ngowakl,

    Atlantic Sothebys Int'l Realty 757-777-9870

    Source: REIN Inc.,MLS#: 10645732MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      Appliances
      • Included: Gas Water Heater
      Features
      • Basement: Crawl Space
      Interior area
      • Total interior livable area: 2,300 sqft

      Property

      Features
      • Fencing: None
      • Waterfront features: Not Waterfront
      Details
      • Parcel number: 24753400

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex
      Materials
      • Vinyl Siding
      • Roof: Asphalt Shingle
      Condition
      • New construction: No
      • Year built: 1951

      Utilities & green energy

      • Sewer: City/County
      • Water: City/County

      Community & HOA

      Community
      • Subdivision: Suburban Acres
      Location
      • Region: Norfolk

      Financial & listing details

      • Price per square foot: $130/sqft
      • Tax assessed value: $322,400
      • Annual tax amount: $3,966
      • Date on market: 7/23/2026

        Estimated market value

        $298,300

        $283,000 - $313,000

        $1,721/mo

        Price history

        Price history is unavailable.

        Public tax history

        YearProperty taxesTax assessment
        2025$3,966 +3%$322,400 +3%
        2024$3,849 +15.7%$312,900 +17.5%
        2023$3,328 +7.7%$266,200 +7.7%
        2022$3,089 +14.8%$247,100 +14.8%
        2021$2,691 +2.6%$215,300 +2.6%
        2020$2,623 +0.1%$209,800 +0.1%
        2019$2,619 +1.2%$209,500 +1.2%
        2018$2,588 +8%$207,000 -0.7%
        2017$2,397 $208,400 -4.1%
        2016$2,397 -3.4%$217,300
        2015$2,481 $217,300
        2014$2,481 $217,300
        2013-- $217,300
        2012-- $217,300 -3.2%
        2011-- $224,500 -2.9%
        2010-- $231,100 -6.2%
        2009-- $246,500
        2008-- $246,500
        2007-- $246,500 +17.6%
        2006-- $209,600 +29.1%
        2005-- $162,400 +17.1%
        2004-- $138,700 +11.8%
        2003-- $124,100 +5.8%
        2002-- $117,300
        2001-- $117,300 +3.8%
        2000-- $113,050
        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.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Suburban Acres

        Getting around

        39 / 100
        Car-Dependent
        43 / 100
        Some Transit
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Suburban Park 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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