$795,000
$50K PRICE DROP

653A&B Monroe Ave Cape Charles, VA 23310

Estimated payment $5,030/month

Total Views 12,336
4 Beds
4 Baths
1,828 Sq Ft
$435 Price per Sq Ft

Highlights

  • Water Access
  • Main Floor Bedroom
  • Screened Porch
  • Beach House
  • No HOA
  • 4-minute walk to Cape Charles Historic District

About This Home

Updated duplex in the Historic District is a unique investment opportunity; rent 1 unit & enjoy the other or rent both. Units generated $50k+ in rental revenue in '24 & has 30+ bookings for '25. Current owners to assist in transferring confirmed rentals. Identical floor plans, each unit has 2BR/2BA & is fully furnished. Backyard has shed w/electric, golf cart pad w/power outlets & fenced patio & outdoor lighting. Minutes to beach, marina, park, shops & restaurants.

Listing Agent

Penney Holland

CHESAPEAKE PROPERTIES Brokerage Phone: 7573318100 License #0225253085 Listed on: 02/19/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 2,800 Sq Ft Lot
  • Lot Dimensions are 40 x 70
  • Fenced
  • Historic Home

Parking

  • Detached Garage

Home Design

  • Duplex
  • Beach House
  • Composition Roof
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 1,828 Sq Ft Home
  • 2-Story Property
  • Bar
  • Sheet Rock Walls or Ceilings
  • Double Pane Windows
  • Insulated Doors
  • Dining Area
  • Screened Porch
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Patio
  • Exterior Lighting
  • Shed

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Cape Charles Incorp. Subdivision

Listing and Financial Details

  • Tax Lot 226B
  • $777,300 per year additional tax assessments

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Sub Type: Duplex,Multi Family,Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.0643
  • Lot Size: 40 x 70
  • Subdivision Name: Cape Charles Incorp.
  • Directions: From Rt. 13 Lankford Highway turn west at Cape Charles stoplight onto Stone Road, take a right on Fig Street. and then take a left on Monroe Avenue. Property will be on the corner of Monroe Avenue and Fig Street on your right.
  • Architectural Style: Duplex, Beach House, Historical
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Duplex, Historical
  • Year Built: 1920
  • Attribution Contact: 7573318100
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: Insulated Doors
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Pergo
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1828
  • Window Features: Double Pane Windows
  • Room Bedroom4 Area: 162.5
  • Dining Room Features: Dining Area, Bar
  • Room Bedroom3 Area: 136.5
  • Room Bedroom2 Area: 162.5
  • Room Living Room Area: 177.6
  • Room Kitchen Area: 155.4

Exterior Features

  • Fencing: Fenced
  • Lot Features: <.5 acre +/-
  • Waterfront Features: Water Access-Public
  • Waterfront: No
  • Disclosures: Lead Paint Disclosure
  • Construction Type: Vinyl Siding, Sheetrock
  • Exterior Features: Lighting
  • Foundation Details: Crawl Space
  • Other Structures: Shed/Barn
  • Patio And Porch Features: Screened, Patio, Porch
  • Property Condition: 100 yrs +/-
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Lot Info

  • Lot Size Sq Ft: 2800
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential

Tax Info

  • Tax Book Number: 240000085
  • Tax Lot: 226B
  • Tax Map Number: 83A3-1-226B
  • Tax Other Annual Assessment Amount: 777300

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
08/05/2025 08/05/25 Price Changed $795,000 -3.6% $435 / Sq Ft
05/07/2025 05/07/25 Price Changed $825,000 -2.4% $451 / Sq Ft
02/19/2025 02/19/25 For Sale $845,000 +9.0% $462 / Sq Ft
01/12/2024 01/12/24 Sold $775,000 -5.9% $424 / Sq Ft
11/22/2023 11/22/23 Price Changed $824,000 -2.9% $451 / Sq Ft
10/15/2023 10/15/23 For Sale $849,000 -- $464 / Sq Ft
Source: Eastern Shore Association of REALTORS®

Source: Eastern Shore Association of REALTORS®

MLS Number: 63836