Seller's Agent in 2025
Gregory Covington
Shaffer Realty LLC
(757) 739-8780
2 in this area
78 Total Sales
736 C Ave Norfolk, VA 23504
Olde Huntersville Neighborhood
--
Bed
--
Bath
3,300
Sq Ft
6,665
Sq Ft Lot
About This Home
As of September 2025Exceptional Investment Opportunity in Prime Norfolk Location!!! Discover this rare opportunity to own a beautifully maintained, all-brick fourplex featuring spacious 2-bedroom units in one of Norfolk's most desirable investment neighborhoods. This turnkey property boasts strong curb appeal, professional landscaping, and a solid rental history, making it an ideal investment opportunity for both seasoned investors and first-time buyers.
* Four 2-Bedroom Units - thoughtfully laid out and well-kept
* Prime Location - high-demand area with virtually zero vacancy
* Tenant-Paid Utilities- keep your expenses low and returns high
* Reliable Cash Flow - 2 units currently leased and 2 vacant units have been rehabbed.
* Pride of Ownership - brick construction, manicured grounds, & ongoing maintenance
This property offers both immediate income potential and long-term appreciation. With Norfolk's rental market thriving, this is the kind of opportunity that doesn't come along often.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $5,060
Year Built
- Built in 1986
Home Design
- Brick Exterior Construction
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
Interior Spaces
- 2-Story Property
- Crawl Space
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- 4 Car Parking Spaces
- Off-Street Parking
Schools
- Lindenwood Elementary School
- Blair Middle School
- Granby High School
Utilities
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Community Details
- 4 Units
- Huntersville 113 Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 2, 2025
Closed on
Sep 18, 2025
Sold by
Wallace Family Llc
Bought by
Montoya Rentals Llc
Seller's Agent
Gregory Covington
Shaffer Realty LLC
Buyer's Agent
Ricardo Sabogal
Real Broker LLC
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%
Views
78
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$31,724
Avg. Annual Appreciation
-16.24%
Original Mortgage
$375,000
Outstanding Balance
$375,000
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$93,276
Purchase Details
Closed on
Oct 13, 2015
Sold by
J And P Rentals Llc
Bought by
Wallace Family Llc
Purchase Details
Closed on
Oct 1, 2012
Sold by
Mcclung John T
Bought by
J Cal Investments Llc
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $500,000 | Old Republic National Title In | |
| Warranty Deed | $190,000 | None Available | |
| Trustee Deed | $73,801 | None Available | |
| Trustee Deed | $73,801 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $375,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/24/2025 09/24/25 | Sold | $500,000 | 0.0% | $152 / Sq Ft |
| 09/02/2025 09/02/25 | Pending | -- | -- | -- |
| 07/23/2025 07/23/25 | Price Changed | $499,900 | -9.1% | $151 / Sq Ft |
| 06/02/2025 06/02/25 | For Sale | $550,000 | -- | $167 / Sq Ft |
Source: Real Estate Information Network (REIN)
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 | $5,535 | $442,800 | $88,500 | $354,300 |
| 2024 | $5,060 | $411,400 | $88,500 | $322,900 |
| 2023 | $4,933 | $394,600 | $88,500 | $306,100 |
| 2022 | $4,275 | $342,000 | $61,200 | $280,800 |
| 2021 | $3,513 | $281,000 | $42,000 | $239,000 |
| 2020 | $3,513 | $281,000 | $42,000 | $239,000 |
| 2019 | $3,143 | $251,400 | $42,000 | $209,400 |
| 2018 | $3,003 | $240,200 | $42,000 | $198,200 |
| 2017 | $2,736 | $237,900 | $42,000 | $195,900 |
| 2016 | $2,683 | $235,000 | $42,000 | $193,000 |
| 2015 | $2,703 | $235,000 | $42,000 | $193,000 |
| 2014 | $2,703 | $235,000 | $42,000 | $193,000 |
Source: Public Records
Agents Affiliated with this Home
-
Gregory Covington
-
Ricardo Sabogal
Buyer's Agent in 2025
Ricardo Sabogal
Real Broker LLC
(703) 864-2244
1 in this area
103 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10586225
APN: 08966980
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