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Sold on 01/24/2025

816 50th St, Norfolk, VA 23508

$358,000

Last sold 01/24/2025 for $355K

  • —

    bed

  • —

    bath

  • 2,280

    Sqft ($156/Sqft)

Multi-family not for sale
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About 816 50th St

Property type Multi-family
Neighborhood
Year built 1950
HOA fee $0/month
Movoto estimate
Rental estimate
Property description
This triplex is a prime investment, offering strong rental income currently bringing in $3075/month. The property includes a 4-bedroom, 1-bath main unit (1,200 sq. ft.) with central heat/air, in-unit washer/dryer; currently rented for $1,200/month with potential for an increase. The second unit is a 1-bedroom, 1-bath apartment (600 sq. ft.) featuring a mini-split AC, window unit, fridge, and gas range, currently rented for $925/month under a renewed lease. The third unit, a unique garage conversion, offers 1-bedroom, 1-bath, in-unit washer/dryer, and 480 sq. ft. (plus a loft) with updated features, also rented under a renewed lease, renting for $900/month. Additional updates include a new roof in 2021 & newer windows in the main house and garage units.
Listed by
Listing Agent - Mary Corliss
Listing Office - Howard Hanna William E. Wood
Source: REIN mls logo
MLS#10562162 • last updated 1 year ago
Movoto checked REIN for data 48 minutes ago
Overview
Levels/Style Other
MLS # 10562162
Year Built Approx 1950
SubType Triplex
Status Sold
Square Feet Approx 2280
Property Type Cross Prop Multi Family Residential
Property Type Multi Family Residential
Property Tax 3300
Exterior
Foundation Crawl
Exterior Siding Asbestos
Roof Asphalt Shingle
Fencing Partial
Amenities / Utilities
Water Type City/County
Sewer Type City/County
Water Heater Type Gas
Location
Waterfront Not Waterfront
Area 11 - West Norfolk
County Norfolk VA
High School Maury
Elementary School Larchmont Elementary
Middle School Blair Middle
Zoning R-8
Subdivision HIGHLAND PARK WEST
$358K
Range: $329K-$386K
Last 30 days 
Rental est.: $1,022/month
Gross rent multiplier: 28.9
  • Jan 2025
    Public Records
  • Jan 27, 2025 Sold
    $355,000 (+1.4%)
  • Year Property taxes Tax assessment
  • 2024
    $3,441 +4.2%
    $275,300 +4.16%
  • 2023
    $3,304 +7.3%
    $264,300 +7.26%
  • 2022
    $3,080 +13.3%
    $246,400 +13.29%
  • 2021
    $2,719 +5.3%
    $217,500 +5.33%
  • 2020
    $2,581 +1.9%
    $206,500
  • 2019
    $2,534 +3.2%
    $206,500 +1.87%
  • 2018
    $2,455 +8.0%
    $202,700 +1.0%
  • 2016
    $2,272 -1.5%
    $200,700
  • 2013
    $2,308
    —
  • 816 50th St
    $355K
  • Highland Park
    $455K +75% y/y
  • 23508
    $419K +14% y/y
  • Norfolk
    $345K +6% y/y
No chart available
Statistics calculated by Movoto

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6/10
Larchmont Elementary School
public Grades PK, K-5
Norfolk City Public Schools
4/10
Blair Middle School
public Grades 6-8
Norfolk City Public Schools
3/10
Maury High School
public Grades 9-12
Norfolk City Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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