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1035 Gates Ave, Norfolk, VA 23507

$899,900
•
  • —

    bed

  • —

    bath

  • 4,400

    Sqft ($205/Sqft)

Multi-family for sale 10 hours

About 1035 Gates Ave

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Movoto estimate
Rental estimate
Property 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.
Listed by
Listing Agent - Jason Baez
Listing Office - Bayview Realty
Source: REIN mls logo
MLS#10660329 • last updated 15 hours ago
Movoto checked REIN for data 1 hour ago
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Overview
Levels/Style Over/Under
MLS # 10660329
Year Built Approx 1950
SubType Triplex
Status New Listing
Square Feet Approx 4400
Property Type Cross Prop Multi Family Residential
Property Type Multi Family Residential
Lot Depth 100
Lot Front 50
Property Tax 7734
Exterior
Exterior Siding Brick
Roof Asphalt Shingle
Fencing None
Amenities / Utilities
Water Type City/County
Sewer Type City/County
Water Heater Type Gas
Location
Waterfront Not Waterfront
Neighborhood Name WEST GHENT
Area 11 - West Norfolk
County Norfolk VA
High School Maury
Elementary School Walter Herron Taylor Elementary
Middle School Blair Middle
Zoning R-8
Subdivision WEST GHENT
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Source: GreatSchools.org © 2026. All rights reserved.

Around West Ghent

Explore everything this neighborhood has to offer. Learn more about West Ghent.
71/100
Walk
59/100
Family
77/100
Dining
91/100
Pet
  • Real Estate
  • VA
  • Norfolk City County
  • Norfolk
  • 23507
  • West Ghent
  • 1035 Gates Ave

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