Seller's Agent in 2025
Leslie Martin
Fit Realty
(757) 705-7310
3 in this area
24 Total Sales
116 Franklin St Suffolk, VA 23434
Downtown Suffolk Neighborhood
--
Bed
--
Bath
2,880
Sq Ft
7,405
Sq Ft Lot
Highlights
- Laundry Room
- Central Air
- Baseboard Heating
- Ceramic Tile Flooring
About This Home
As of October 2025Own a piece of history! The Causey-Kendrick House is a 5-unit apartment building and Carriage House (detached garage, sold AS-IS). Carriage House offers future opportunities for storage rental or additional units. There is a shared on-site laundry room with potential for additional income with coin operated washer & dryer. Ample street parking and close to public parking lots. Driveway access currently rented with one unit. Currently 100% occupied with leases through 2026. Owner pays water bill, refuse, and storm water. Some tenants pay electric with some have it included. Whole building renovated in the past 5 years to include new paint, flooring, granite countertops, appliances, central air in largest unit, all windows, and more! This is a turnkey opportunity with over 60k in NOI with room for additional income. APPROX 4440 square feet in FIVE units. 4-1BD/1BA units and 1- 3BD/1BA unit with approx. 1600 sq. ft. of living space.
Property Details
Home Type
- Apartment
Year Built
- Built in 1882
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Slate Roof
- Vinyl Siding
- Concrete Block And Stucco Construction
Interior Spaces
- 2-Story Property
- Window Treatments
- Crawl Space
- Laundry Room
Flooring
- Carpet
- Ceramic Tile
- Vinyl
Parking
- Driveway
- On-Street Parking
Schools
- Hillpoint Elementary School
- King`S Fork Middle School
- Kings Fork High School
Utilities
- Central Air
- Cooling System Mounted To A Wall/Window
- Heat Pump System
- Baseboard Heating
- Electric Water Heater
Community Details
Overview
- 5 Units
- Old Town Suffolk Subdivision
Building Details
- Security
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2025 10/03/25 | Sold | $485,000 | -23.7% | $168 / Sq Ft |
| 08/05/2025 08/05/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $636,000 | -- | $221 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,014 | $172,300 | $47,900 | $124,400 |
| 2024 | $3,014 | $162,100 | $43,600 | $118,500 |
| 2023 | $2,733 | $157,200 | $43,600 | $113,600 |
| 2022 | $1,545 | $141,700 | $43,600 | $98,100 |
| 2021 | $1,573 | $141,700 | $43,600 | $98,100 |
| 2020 | $1,573 | $141,700 | $43,600 | $98,100 |
| 2019 | $1,573 | $141,700 | $43,600 | $98,100 |
| 2018 | $1,877 | $135,600 | $43,600 | $92,000 |
| 2017 | $1,451 | $135,600 | $43,600 | $92,000 |
| 2016 | $1,451 | $135,600 | $43,600 | $92,000 |
| 2015 | $1,064 | $148,000 | $43,600 | $104,400 |
| 2014 | $1,064 | $148,000 | $43,600 | $104,400 |
Source: Public Records
Agents Affiliated with this Home
-
Leslie Martin
-
Jake Maines
Buyer's Agent in 2025
Jake Maines
Iron Valley Real Estate HR
(864) 567-4124
6 in this area
134 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10577982
APN: 34G18(A)*213
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