New Listing
$899,900
 $4,831 est/mo Sourced by Back At You

1035 Gates Ave,Norfolk, VA 23507

Norfolk, VA 23507

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Description

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.

Details

MLS #10660329
Listing TypeFor Sale
Sub-TypeResale
StatusNew Listing
Year1950
Days On Site1
Listing Provided ByBayview Realty | Jason Baez

Features

SQ Feet4,400
BasementY
ZoningR-8
Water FrontNot Waterfront

Interior

Water Heater TypeGas

Exterior

Exterior SidingBrick
Fence DescriptionNone
RoofAsphalt Shingle

Location

Neighborhood NameWEST GHENT

Utilities

Sewer TypeCity/County
Water TypeCity/County

Taxes

Property7734

Area Information

StateVA
CountyNorfolk VA
CityNorfolk
Zip Code23507
Area11 West Norfolk
Community NameWEST GHENT
School DistrictMaury
Elementary SchoolWalter Herron Taylor Elementary
High SchoolMaury
Listing VS Median (in WEST GHENT)
Price:
$899,900
low | high
Med:
$3,248
100% of Average
sqft:
4,400
low | high
Med:
2,701
88.625% of Average
$ / sqft:
$205
low | high
Med:
$1
100% of Average
On site:
1
low | high
Med:
39.5
2.53164556962% of Average
Sourced by Back At You

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Learn More About This Property

StateVA
CountyNorfolk VA
CityNorfolk
Zip Code23507
Area11 West Norfolk
Community NameWEST GHENT
School DistrictMaury
Elementary SchoolWalter Herron Taylor Elementary
High SchoolMaury
Listing VS Median (in WEST GHENT)
Price:
$899,900
low | high
Med:
$3,248
100% of Average
sqft:
4,400
low | high
Med:
2,701
88.625% of Average
$ / sqft:
$205
low | high
Med:
$1
100% of Average
On site:
1
low | high
Med:
39.5
2.53164556962% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $674K - $1.124M
sqft: 3,000 - 5,500
Nearby Listings Property ImageNearby Listings Details
701 Maury AVE Property Photo 1
$1,050,000
701 Maury Ave
Norfolk, VA 23517
Listing Updated: November 3, 2026 at 5:03:18 PM PST