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4,400 sqft

$899,900

1035 Gates AVE, Norfolk VA, 23507

Price per sqft$204.52
Built in1950
Property size4,400 sqft
Property typeMulti-family

Overview

Active

New Listing

Listed Nov 2, 2026

Updated 4 days ago

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.

$5,987/mo

Est. mortgage payment based on a $899,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Taxes
$7,734
Tax Frequency
Annually
55+/Senior Community
No
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Courtesy of Bayview Realty

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