1314 Reservoir Avenue, Norfolk, VA 23504

Local realty services provided by:ERA Real Estate Professionals
1314 Reservoir Avenue,Norfolk, VA 23504
$475,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: ron wilson, christian phillips
Office: inlet realty
MLS#:10610807
Source:VA_REIN

Price summary

  • Price:$475,000

About this home

Fully rented four-unit building in a strong Norfolk rental area, with all units featuring 2 bedrooms and a total monthly rent roll of $4,260. Clean, functional layouts appeal to long-term residents and keep turnover low, while the 2BR floor plans remain in high demand. This property delivers solid, in-place income from day one with upside over time through targeted rent increases and value-add improvements. Conveniently located near major roads, bases, shipyards, and employment centers, 1314 Reservoir Ave is a great opportunity to scale your portfolio with an efficient, easy-to-manage multifamily asset. Please do not disturb tenants under any circumstances.

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Home facts

  • Year built:1954
  • Listing ID #:10610807
  • Updated:December 24, 2025 at 10:19 AM

Heating and cooling

  • Cooling:Window/Wall
  • Heating:Baseboard

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1954

Schools

  • High school:BT Washington
  • Middle school:Ruffner Middle
  • Elementary school:Jacox Elementary

Utilities

  • Water:City Water, Water Heater - Electric
  • Sewer:City Sewer

Finances and disclosures

  • Price:$475,000
  • Tax amount:$4,183
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