$700,000

131 Hough Ave Norfolk, VA 23523

Berkley Neighborhood

Estimated payment $4,641/month

Total Views 513
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Very Popular Property
  • Ceramic Tile Flooring
  • Central Air
  • Tankless Water Heater

About This Home

Investor-ready 6-unit, 6,867 SF apartment building in Norfolk with updated systems and strong income potential. Each 2–3BR/1BA unit is approx. 1,040 SF with living room, kitchen, and laundry. All units have been renovated—Unit 3 just completed and is move-in ready. Recent upgrades include a new roof (2021), six HVAC units, three tankless water heaters, LED-lit common areas, and updated windows. Crawlspace/basement features a new vapor barrier and is in excellent condition. Property includes balconies, storage, and separate meters. Current rent is $5,500/mo with full market potential of $6,600/mo once fully occupied. Units 4–6 have converted sitting rooms offering 3BR layouts to boost ROI. Professional property management currently in place and available for seamless ownership transition. Convenient to downtown, military bases, and transit. Turnkey investment offering strong cash flow and long-term stability in a growing rental market.

Listing Agent

Micah Lee

Seaside Realty Listed on: 05/30/2025

Co-Listing Agent

Valentina Lee

Seaside Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,541

Year Built

  • Built in 1919

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Urethane Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Basement
  • Crawl Space
  • Washer

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Schools

  • St. Helena Elementary School
  • Blair Middle School
  • Lake Taylor High School

Utilities

  • Central Air
  • Heat Pump System
  • Separate Meters
  • Tankless Water Heater
  • Gas Water Heater

Community Details

  • 6 Units
  • Berkley Subdivision

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,541

Year Built

Built in 1919

Lot Details

0

Listing Details

  • Property Type: Apartments 3+
  • Features: Dryer Hookup, Washer Hookup
  • Property Type - Cross Property: Apartments 3+
  • GarageYN: No
  • AICUZ - Crash: None
  • AICUZ - Noise: -65
  • Estimated Year Built: 1919
  • Address Street Name Website: Hough
  • Address Street Num Website: 131
  • Address Website: 131 Hough AVE
  • Appliances Ranges: 6
  • Appliances Refrigerators: 6
  • Contingency Exists: Non Contingent
  • Type Of Apartment: Garden
  • Units Total Number: 6
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3
  • Year Built: 1919

Interior Features

  • Flooring Type: Carpet, Ceramic, Laminate/LVP, Vinyl
  • Stories Number: 3.0000

Exterior Features

  • Exterior Siding: Brick, Vinyl
  • Foundation Type: Basement, Crawl
  • Roof: Poly Skin

Garage/Parking

  • Parking: Street

Utilities

  • Water Heater Type: Gas
  • Cooling: Central Air
  • Heating: Heat Pump W/A
  • Utilities: City Sewer, City Water, Electric, Gas

Schools

  • Elementary School: St. Helena Elementary
  • Middle School: Blair Middle
  • High School: Lake Taylor

Green Features

  • Energy Efficiency: Water Heater-Tankless

Lot Info

  • Zoning: SF-T

Rental Info

  • Furnished YN: No

Tax Info

  • Tax Amount Approx: 8541

MLS Schools

  • Elementary School: St. Helena Elementary
  • School High School: Lake Taylor
  • Middle School: Blair Middle

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2025 05/30/25 For Sale $700,000 -- --
Source: Real Estate Information Network (REIN)

Source: Real Estate Information Network (REIN)

MLS Number: 10585267

Real Estate Information Network (REIN)

APN: 30512900

Virginia Norfolk City County Norfolk 23523 Berkley

131 Hough Ave, Norfolk, VA

This home is located at 131 Hough Ave, Norfolk, VA 23523 and is currently priced at $700,000. This property was built in 1919. 131 Hough Ave is a home located in Norfolk City with nearby schools including St. Helena Elementary School, Blair Middle School, and First Baptist Ready Academy Christian School.

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Micah Lee
Listing Agent
Micah Lee
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Seaside Realty
(757) 540-3013