1525 Des Moines Avenue, Portsmouth, VA 23704

Portsmouth
Local realty services provided by:ERA Real Estate Professionals
1525 Des Moines Avenue,Portsmouth, VA 23704
$268,000Last list price
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold
Listed by: liz abrams, mark crews
Office: abrams realty
MLS#:10635401
Source:VA_REIN

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Price summary

  • Price:$268,000

About this home

Opportunities like 1523 & 1525 Des Moines Ave are the "hidden gems" of the Portsmouth market. This dual-asset acquisition allows you to offset your hold of cost from Day 1 with a current tenant 1523 paying $900/month (10,800 in annual gross income), while you unlock the explosive potential of the adjacent unit. By converting 1525 into a premium 3-bedroom, 2-bedroom residence, you aren't just renovating-you are engineering equity. In a market where 3/2 units command premium rents, a strategic conversion can significantly optimize you Cap Rate. With a 3-year-old roof already protecting you investment, your capital can be focused entirely on the high-ROI interior finishes that drive appraisal value. 1525 has all-in-one washer /dryer. Has electrical charger outlet.

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Home facts

  • Year built:1953
  • Listing ID #:10635401
  • Updated:September 04, 2026 at 06:58 AM

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1953
  • Architectural Style:Converted S.F.
  • Construction Materials:Brick
  • Foundation Description:Slab

Schools

  • High school:IC Norcom
  • Middle school:Cradock Middle
  • Elementary school:Brighton Elementary

Utilities

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

Finances and disclosures

  • Price:$268,000
  • Tax amount:$3,145
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