1035 Gates Avenue, Norfolk, VA 23507

Norfolk
Local realty services provided by:Better Homes and Gardens Real Estate Native American Group
1035 Gates Avenue,Norfolk, VA 23507
$899,900
  • - Beds
  • - Baths
  • 4,400 sq. ft.
  • Multi-family
  • Active
Listed by: jason baez
Office: bayview realty
MLS#:10660329
Source:VA_REIN

Price summary

  • Price:$899,900
  • Price per sq. ft.:$204.52

About this home

Tidy Brick Triplex surrounded by stately homes in the heart of W. Ghent is simply a money maker. Owner occupies ground floor unit. Units 2 & 3 currently rented for a total of $4000/mo. Potential for a min. of $6500/mo. if all units were to be rented! Fantastic, low-maintenance tenants that pay punctually every month. All units are updated classy large, open floorplans. Unit 1 is approx. 1800 sqft w/ 3 bd/2 bath. Unit 2 is identical but one bd&ba has been blocked off to use for storage. Could easily be reincorporated to make it 3/2 again at almost no expense. Unit 3 is large open-plan 2 bd/1 ba. Individual heat pumps. Long driveway for off-street parking. Units 2 & 3 are fully furnished including full kitchens with small appliances, cutlery etc. Beautiful backyard. This has been an extremely profitable dream property for us for well over a decade, and we are now focusing our investment efforts in another market out of state, so this is your chance to pick up where we are leaving off.

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Home facts

  • Year built:1950
  • Listing ID #:10660329
  • Updated:November 09, 2026 at 10:24 AM

Rooms and interior

  • Living area:4,400 sq. ft.

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1950
  • Building area:4,400 sq. ft.
  • Construction Materials:Brick
  • Foundation Description:Basement, Crawl

Schools

  • High school:Maury
  • Middle school:Blair Middle
  • Elementary school:Walter Herron Taylor Elementary

Utilities

  • Water:City/County, Water Heater - Gas
  • Sewer:City/County

Finances and disclosures

  • Price:$899,900
  • Price per sq. ft.:$204.52
  • Tax amount:$7,734
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