7449 Fenner St Norfolk, VA 23505
Colonial Heights NeighborhoodEstimated payment $3,489/month
About This Home
Income-producing fourplex with projected gross rents of $4,540/month ($54,480 annually). Recent capital improvements include new roof and gutters (Dec 2025), exterior pressure washing, and storm doors. Each unit offers approximately 718 square feet with 2 BRs and 1 BA. Units 1 and 3 are leased at $1,095/month and Unit 2 is leased at $1,150/month. Unit 4 is currently vacant and offered at $1,200/month, providing immediate leasing or owner-occupant opportunity. Updates in Unit 2 include new LVP and carpet, fresh paint, updated bath fixtures and vanity, select replacement windows, newer baseboard heaters, A/C unit, and appliances. Similar updates completed in other units. All units are separately metered with tenants responsible for utilities, helping reduce operating expenses. First-floor storage room with W/D hookup provides additional utility. Three units currently leased with in-place income. Solid investment opportunity for portfolio expansion or entry into multi-family ownership.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,256
Year Built
- Built in 1987
Lot Details
- Lot Dimensions are 50'x100'
- Back Yard Fenced
- Chain Link Fence
Home Design
- 2,872 Sq Ft Home
- Duplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
- Vinyl Siding
Schools
- Suburban Park Elementary School
- Northside Middle School
- Granby High School
Utilities
- Separate Meters
- Separate Water Meter
- Electric Water Heater
Community Details
- Miller Heights Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,341 | $427,300 | $45,000 | $382,300 |
| 2024 | $4,934 | $401,100 | $45,000 | $356,100 |
| 2023 | $4,530 | $362,400 | $45,000 | $317,400 |
| 2022 | $3,899 | $311,900 | $35,000 | $276,900 |
| 2021 | $2,708 | $216,600 | $24,000 | $192,600 |
| 2020 | $2,483 | $198,600 | $23,500 | $175,100 |
| 2019 | $2,370 | $189,600 | $21,500 | $168,100 |
| 2018 | $2,174 | $173,900 | $21,500 | $152,400 |
| 2017 | $2,000 | $173,900 | $21,500 | $152,400 |
| 2016 | $2,000 | $194,000 | $21,500 | $172,500 |
| 2015 | $2,210 | $194,000 | $21,500 | $172,500 |
| 2014 | $2,210 | $194,000 | $21,500 | $172,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/02/2026 04/02/26 | Price Changed | $575,000 | -0.9% | $200 / Sq Ft |
| 03/02/2026 03/02/26 | Price Changed | $580,000 | -1.7% | $202 / Sq Ft |
| 02/10/2026 02/10/26 | For Sale | $590,000 | -- | $205 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $445,000 | Fidelity National Title | |
| Warranty Deed | $172,000 | Advance Title & Abstract Inc | |
| Gift Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $341,250 | Credit Line Revolving | |
| Previous Owner | $127,500 | New Conventional |
Source: Real Estate Information Network (REIN)
MLS Number: 10619557
APN: 29238000
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This application does not include information on all of the properties available for sale at this time.
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