129 Chestnut St Suffolk, VA 23434
Downtown Suffolk NeighborhoodEstimated payment $1,111/month
About This Home
Investor special portfolio of income-producing rental/multifamily properties located in Suffolk. This offering includes multiple stabilized rental units with strong cash flow and long term upside. Properties may be purchased individually, in select combinations, or as a complete portfolio. Ideal opportunity for investors seeking immediate income with potential for value enhancement through improved management or renovations. Rent rolls and additional financial details available upon request. Please allow proper notice for tenant occupied properties. Call agent for details.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,108
Year Built
- Built in 1950
Home Design
- Duplex
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 2,728 Sq Ft Home
- Crawl Space
Schools
- Elephant's Fork Elementary School
- John F. Kennedy Middle School
- Kings Fork High School
Utilities
- Separate Meters
- Separate Water Meter
- Electric Water Heater
Community Details
- Old Town Suffolk Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,278 | $179,400 | $75,500 | $103,900 |
| 2024 | $3,278 | $174,800 | $75,500 | $99,300 |
| 2023 | $3,053 | $166,400 | $71,900 | $94,500 |
| 2022 | $1,568 | $131,200 | $51,400 | $79,800 |
| 2021 | $1,469 | $120,900 | $41,100 | $79,800 |
| 2020 | $1,424 | $117,200 | $37,400 | $79,800 |
| 2019 | $1,424 | $117,200 | $37,400 | $79,800 |
| 2018 | $1,680 | $117,000 | $37,400 | $79,600 |
| 2017 | $1,375 | $117,000 | $37,400 | $79,600 |
| 2016 | $1,273 | $108,300 | $37,400 | $70,900 |
| 2015 | $1,131 | $108,300 | $37,400 | $70,900 |
| 2014 | $1,131 | $125,200 | $37,400 | $87,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/03/2026 02/03/26 | Pending | -- | -- | -- |
| 12/31/2025 12/31/25 | For Sale | $180,000 | -- | $66 / Sq Ft |
Source: Real Estate Information Network (REIN)
MLS Number: 10614628
APN: 34G17(A)*119
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