1228 Commerce Ave Chesapeake, VA 23324
South Norfolk NeighborhoodEstimated payment $2,116/month
About This Home
Rare opportunity to own a turn-key side-by-side duplex in Chesapeake with one unit vacant and move-in ready! Whether you're looking to live in one side while generating rental income from the other, add an income-producing property to your portfolio, or make your first move into real estate investing, this property offers flexibility from day one. Each unit features 2 bedrooms, 1 full bath with a with a functional one-level layout. The current owners have completed numerous updates and improvements, including a new HVAC unit making this an easy opportunity without the immediate renovation list. Unit B is vacant and ready for its next owner or tenant, while Unit A is currently tenant occupied. A great option for an owner-occupant, first-time investor or seasoned investor looking for a well-maintained duplex with strong long-term potential. Conveniently located in South Norfolk with easy access to major highways, Downtown Norfolk, shopping, dining and more. Schedule your private tour!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,682
Year Built
- Built in 1960
Home Design
- Duplex
- Side-by-Side
- Brick Exterior Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,624 Sq Ft Home
- Crawl Space
Schools
- Rena B. Wright Primary Elementary School
- Oscar Smith Middle School
- Oscar Smith High School
Utilities
- Separate Meters
- Separate Water Meter
- Tankless Water Heater
Community Details
- South Norfolk Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $2,682 | $265,500 | $85,000 | $180,500 |
| 2024 | $2,155 | $213,400 | $85,000 | $128,400 |
| 2023 | $1,755 | $192,900 | $75,000 | $117,900 |
| 2022 | $1,738 | $172,100 | $60,000 | $112,100 |
| 2021 | $1,596 | $152,000 | $55,000 | $97,000 |
| 2020 | $1,529 | $145,600 | $55,000 | $90,600 |
| 2019 | $1,529 | $145,600 | $55,000 | $90,600 |
| 2018 | $1,477 | $140,700 | $55,000 | $85,700 |
| 2017 | $1,451 | $138,200 | $55,000 | $83,200 |
| 2016 | $1,446 | $137,700 | $55,000 | $82,700 |
| 2015 | $1,446 | $137,700 | $55,000 | $82,700 |
| 2014 | $1,446 | $137,700 | $55,000 | $82,700 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2026 08/21/26 | For Sale | $344,900 | -- | $212 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $285,000 | First American Title Insurance | |
| Bargain Sale Deed | $180,000 | Chicago Title | |
| Bargain Sale Deed | $165,000 | First American Title | |
| Deed | -- | None Listed On Document | |
| Deed | $47,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,000 | New Conventional |
Source: Real Estate Information Network (REIN)
MLS Number: 10650320
APN: 1280000001960
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