521 Monroe Ave Cape Charles, VA 23310
Cape Charles AreaEstimated payment $5,431/month
Highlights
- Deck
- Patio
- 1-minute walk to Cape Charles Historic District
About This Home
Rare turnkey duplex investment opportunity in the heart of historic Cape Charles. Fully renovated in 2020, this coastal property features two identical units, each offering 3 bedrooms, 2 full baths, spacious living areas, full kitchens with stainless appliances, dining areas, hardwood flooring, wall-to-wall carpet, attic storage, and in-unit washers & dryers. Both units include central HVAC with heat pumps, double-pane windows, electric water heaters, patios, and off-street parking with a stone driveway. All furniture, appliances, and decor purchased in 2021 convey, making this a true move-in ready or short-term rental opportunity. Property has 4 years of established vacation rental history with strong income potential. Located just minutes from public beach access, local shops, restaurants, and entertainment in one of Virginia’s most popular coastal towns. 1 unit is occupied with a year lease ending in 2027 and the other unit has several short term rentals through August 2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,925
Year Built
- Built in 1920
Home Design
- Duplex
- Side-by-Side
- Composition Roof
- Vinyl Siding
Interior Spaces
- 3,072 Sq Ft Home
- Crawl Space
Outdoor Features
- Deck
- Patio
Schools
- Kiptopeke Elementary School
- Northampton High School
Additional Features
- Lot Dimensions are 40x130x40x130
- Electric Water Heater
Community Details
- Cape Charles 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 | $6,098 | $865,000 | $182,400 | $682,600 |
| 2024 | $5,925 | $865,000 | $182,400 | $682,600 |
| 2023 | $4,260 | $560,500 | $167,400 | $393,100 |
| 2022 | $4,260 | $560,500 | $167,400 | $393,100 |
| 2021 | $2,047 | $245,200 | $92,400 | $152,800 |
| 2020 | $2,047 | $245,200 | $92,400 | $152,800 |
| 2019 | $2,108 | $254,000 | $72,400 | $181,600 |
| 2018 | $2,108 | $254,000 | $72,400 | $181,600 |
| 2017 | $1,857 | $254,000 | $72,400 | $181,600 |
| 2016 | $686 | $223,700 | $57,400 | $166,300 |
| 2015 | -- | $223,700 | $57,400 | $166,300 |
| 2011 | -- | $384,900 | $158,000 | $226,900 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/13/2026 05/13/26 | For Sale | $899,000 | +5.1% | $293 / Sq Ft | |
| 09/05/2024 09/05/24 | Sold | $855,000 | -2.2% | $278 / Sq Ft | View Prior Sale |
| 08/29/2024 08/29/24 | Pending | -- | -- | -- | |
| 06/03/2024 06/03/24 | Price Changed | $874,000 | -2.8% | $284 / Sq Ft | |
| 04/09/2024 04/09/24 | For Sale | $899,000 | +69.6% | $293 / Sq Ft | |
| 11/23/2020 11/23/20 | Sold | $530,000 | -30.2% | $172 / Sq Ft | View Prior Sale |
| 11/20/2020 11/20/20 | Pending | -- | -- | -- | |
| 05/06/2020 05/06/20 | For Sale | $759,000 | +209.8% | $247 / Sq Ft | |
| 09/19/2019 09/19/19 | Sold | $245,000 | 0.0% | $80 / Sq Ft | View Prior Sale |
| 09/19/2019 09/19/19 | Pending | -- | -- | -- | |
| 07/02/2019 07/02/19 | For Sale | $245,000 | -- | $80 / 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 |
|---|---|---|---|
| Deed | $855,000 | None Listed On Document | |
| Warranty Deed | $530,000 | Attorney | |
| Warranty Deed | $245,000 | Attorney |
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 | $641,250 | New Conventional | |
| Previous Owner | $424,000 | New Conventional | |
| Previous Owner | $145,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | New Conventional |
Source: Real Estate Information Network (REIN)
MLS Number: 10634730
APN: 83A3-1-270
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Ask me questions while you tour the home.