$899,000

Estimated payment $5,431/month

Total Views 35,356
-- Beds
-- Baths
3,072 Sq Ft
$293 Price per Sq Ft

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

Listing Agent

Steve Marable

Iron Valley Real Estate HR Listed on: 05/13/2026

Iron Valley Real Estate HR

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,925

Year Built

Built in 1920

Lot Details

1 Acres

Listing Details

  • Property Type: Multi Family Residential
  • Property Sub Type: Duplex
  • Property Type - Cross Property: Multi Family Residential
  • Style: Side by Side
  • AICUZ - Crash: None
  • AICUZ - Noise: N/A
  • LP/ Sq Ft: 292.64
  • Estimated Year Built: 1920
  • Address Street Name Website: Monroe
  • Address Website: 521 Monroe AVE
  • Contingency Exists: Non Contingent
  • AddressLine: 521 Monroe AVE, CAPECHARLES VA 23310
  • Special Features: None
  • Year Built: 1920

Interior Features

  • Estimated Sq Ft: 3072

Exterior Features

  • Exterior Siding: Vinyl
  • Fence Description: None
  • Foundation Type: Crawl
  • Roof: Composite
  • Waterfront Description: Not Waterfront

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: City/County

Lot Info

  • Lot Front: 40
  • Waterfront YN: No
  • Lot Dimensions: 40X130X40X130
  • Lot Features: Deck, Patio

Building Info

  • New Construction YN: No

Multi Family

  • Meters Separate: None

Tax Info

  • Tax Amount Approx: 5925

MLS Schools

  • Elementary School: Kiptopeke Elementary
  • School High School: Northampton
  • Middle School: Other Middle School

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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
Source: Real Estate Information Network (REIN)

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
Source: Public Records

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: Public Records

Source: Real Estate Information Network (REIN)

MLS Number: 10634730

Real Estate Information Network (REIN)

APN: 83A3-1-270

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