361 Cherry St Norfolk, VA 23503
West Ocean View NeighborhoodEstimated payment $2,221/month
Total Views
2,546
--
Bed
--
Bath
1,500
Sq Ft
$233
Price per Sq Ft
About This Home
This income-producing duplex features separate water and electric meters, individual A/C units, and washer and dryer hookups for each unit. Tenants pay their own utilities, keeping expenses low for the owner. Unit A currently rents for $1,250 per month with room to grow, and the lease is month to month. Unit B rents for $1,425 per month with a lease in place through 3/31/2026. Recent renovations include updated kitchen cabinets, countertops, appliances, and a fully remodeled bathroom with a tile backsplash. This is a solid turnkey property offering strong cash flow and excellent long-term potential
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,450
Year Built
- Built in 1964
Home Design
- 1,500 Sq Ft Home
- Duplex
- Side-by-Side
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
Schools
- Ocean View Elementary School
- Northside Middle School
- Granby High School
Utilities
- Separate Meters
- Separate Water Meter
- Electric Water Heater
Community Details
- Willoughby Park Subdivision
Map
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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 |
|---|---|---|---|---|
| 2024 | $3,450 | $280,500 | $85,500 | $195,000 |
| 2023 | $3,178 | $254,200 | $80,000 | $174,200 |
| 2022 | $2,576 | $206,100 | $76,700 | $129,400 |
| 2021 | $2,256 | $180,500 | $72,400 | $108,100 |
| 2020 | $2,015 | $161,200 | $63,000 | $98,200 |
| 2019 | $1,938 | $155,000 | $63,000 | $92,000 |
| 2018 | $1,928 | $154,200 | $63,000 | $91,200 |
| 2017 | $1,725 | $150,000 | $63,000 | $87,000 |
| 2016 | $1,689 | $166,800 | $70,000 | $96,800 |
| 2015 | $1,918 | $166,800 | $70,000 | $96,800 |
| 2014 | $1,918 | $166,800 | $70,000 | $96,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/06/2025 06/06/25 | For Sale | $350,000 | -- | $233 / Sq Ft |
Source: Real Estate Information Network (REIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document | |
| Bargain Sale Deed | $285,000 | Old Republic National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $213,750 | New Conventional |
Source: Public Records
Similar Homes in Norfolk, VA
Source: Real Estate Information Network (REIN)
MLS Number: 10587188
APN: 10271000
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