1400 Melrose Parkway, Norfolk, VA 23508

Norfolk
Local realty services provided by:ERA Real Estate Professionals
1400 Melrose Parkway,Norfolk, VA 23508
$335,000
  • 4 Beds
  • 2 Baths
  • 1,480 sq. ft.
  • Single family
  • Active
Listed by: constance hebert
Office: own real estate llc
MLS#:10649799
Source:VA_REIN

Price summary

  • Price:$335,000
  • Price per sq. ft.:$226.35

About this home

INVESTMENT OPPORTUNITY NEAR ODU WITH TENANTS IN PLACE! Add a Norfolk rental property to your portfolio with immediate income from day one. This 4-bedroom, 2-bath bungalow is currently leased through June 2027 at $2,500 per month, eliminating the need to immediately locate and place tenants. Located just a few minutes walk from Old Dominion University and a few minutes drive to Naval Station Norfolk, area shipyards, downtown Norfolk and major interstates, the property is well positioned in an area with multiple sources of rental demand. The home offers approximately 1,480 square feet and features a renovated kitchen, hardwood floors, spacious living areas, an upstairs bath, fenced yard, detached storage and ample off-street parking. Whether you're expanding an existing portfolio or purchasing your first investment property, this is an opportunity to acquire an income-producing property with tenants already in place.

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Home facts

  • Year built:1927
  • Listing ID #:10649799
  • Updated:October 24, 2026 at 09:36 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Rooms Total:7
  • Flooring:Ceramic, Wood
  • Kitchen Description:Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Bedroom Description:1st Floor Bedroom
  • Living area:1,480 sq. ft.

Heating and cooling

  • Cooling:Central Air, Window/Wall
  • Heating:Forced Hot Air, Natural Gas
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1927
  • Building area:1,480 sq. ft.
  • Lot area:0.12 Acres
  • Architectural Style:Bungalow
  • Construction Materials:Aluminum, Brick
  • Foundation Description:Crawl
  • Levels:2 Story

Schools

  • High school:Maury
  • Middle school:Blair Middle
  • Elementary school:Larchmont Elementary

Utilities

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

Finances and disclosures

  • Price:$335,000
  • Price per sq. ft.:$226.35
  • Tax amount:$4,053

Features and amenities

  • Appliances:Refrigerator, Washer
  • Laundry features:Dryer, Fireplace Decorative, Washer
  • Amenities:Fireplace Decorative

Parking

  • Parking description:3 Space, Driveway Space, Off Street, Street
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