New ListingDiscover a fantastic investment opportunity at 1551 Spruce Street in Norfolk! This side-by-side duplex offers two distinct rental units with a combined monthly rental income of $2,700. Unit A features 3 bedrooms, 2 bathrooms, and approximately 1,300 square feet of living space, currently renting for $1,500 per month. Unit B offers 2 bedrooms, 1 bathroom, and approximately 828 square feet, currently renting for $1,200 per month. Each unit enjoys its own designated backyard area, providing tenants with separate outdoor spaces. Tenants are responsible for all utilities, making this an appealing addition to an investment portfolio. Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 204 Central Avenue, Suffolk (MLS# 10656924) offered at $245,000; 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; and 1622 Prentis Avenue, Portsmouth (MLS# 10656915) offered at $250,000. This property, 1551 Spruce Street (MLS# 10656917), is offered individually at $280,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.
| MLS # | 10656917 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New Listing |
| Year | 1951 |
| Days On Site | 2 |
| Listing Provided By | Coastal Group Inc. | Alex Winfield |
| SQ Feet | 2,100 |
|---|---|
| Zoning | R-11 |
| Water Front | Not Waterfront |
| Water Heater Type | Electric |
|---|
| Exterior Siding | Clapboard |
|---|---|
| Fence Description | None |
| Roof | Asphalt Shingle |
| Sewer Type | City/County |
|---|---|
| Water Type | City/County |
| Property | 2312 |
|---|
| State | VA |
|---|---|
| County | Norfolk VA |
| City | Norfolk |
| Zip Code | 23502 |
| Area | 12 East Norfolk |
| Community Name | COLEMAN PLACE |
| School District | BT Washington |
| Elementary School | Coleman Place Elementary |
| High School | BT Washington |
| Listing VS Median (in COLEMAN PLACE) | |
Price: $280,000 low | high Med: $255,000 sqft: 2,100 low | high Med: 1,470 $ / sqft: $133 low | high Med: $174 On site: 2 low | high Med: 15 | |
| State | VA |
|---|---|
| County | Norfolk VA |
| City | Norfolk |
| Zip Code | 23502 |
| Area | 12 East Norfolk |
| Community Name | COLEMAN PLACE |
| School District | BT Washington |
| Elementary School | Coleman Place Elementary |
| High School | BT Washington |
| Listing VS Median (in COLEMAN PLACE) | |
Price: $280,000 low | high Med: $255,000 sqft: 2,100 low | high Med: 1,470 $ / sqft: $133 low | high Med: $174 On site: 2 low | high Med: 15 | |
![]() | $260,0001557 Birch StNorfolk, VA 23502 |