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1802 Atlanta Avenue, Portsmouth, VA 23704

Portsmouth
Local realty services provided by:CENTURY 21 Realty @ Home
1802 Atlanta Avenue,Portsmouth, VA 23704
$325,000
  • - Beds
  • - Baths
  • 2,400 sq. ft.
  • Multi-family
  • Active
Listed by: shannon paschall
Office: atcoastal realty
MLS#:10625129
Source:VA_REIN

Price summary

  • Price:$325,000
  • Price per sq. ft.:$135.42

About this home

Turnkey income-producing duplex offering a rare investor opportunity with strong cash flow and a cap rate that’s hard to find. Fully leased, with 6 bedrooms and 3 full baths, with both units rented at $1,600 each ($3,200/mo). The first-floor unit offers 3 bedrooms and 2 baths, while the second-floor unit includes 2 bedrooms plus a bonus room, 1 bath. Both units updated with newer flooring, upgraded kitchens and baths, and modern lighting. Exterior features include spacious porches/balconies, a 4-car driveway, and additional street parking. With separate water, gas, and electric meters, the owner pays minimal utilities. Recent updates from 2023–2025 include new carpet, fresh paint, updated kitchens and baths, new ductwork, crawlspace moisture barrier, and new plumbing drain lines. Home values in Hampton Roads continue to appreciate at an estimated 3–5% annually—making this an ideal opportunity to a cash-flowing asset while building long-term wealth. Property being sold as-is.

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Home facts

  • Year built:1930
  • Listing ID #:10625129
  • Updated:March 18, 2026 at 10:06 PM

Rooms and interior

  • Living area:2,400 sq. ft.

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1930
  • Building area:2,400 sq. ft.
  • Lot Features:Shed
  • Construction Materials:Brick, Vinyl
  • Foundation Description:Crawl

Schools

  • High school:IC Norcom
  • Middle school:Cradock Middle
  • Elementary school:Brighton Elementary

Utilities

  • Water:City/County, Water Heater - Gas
  • Sewer:City/County

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$135.42
  • Tax amount:$3,245
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