1418 Melrose PW
Norfolk, VA 23508

$310,000
Est. Mortgage: $1,505/mo
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Active
  • 5
    beds
  • 1
    partial bath
  • 1,778
    sq.ft.
Single Family Home

Great opportunity for an investor to rent year round!! The house rents for $3125/month. It has been rented out for 10 years with no gap. Walking distance to ODU this is prime real estate for anyone looking for a rental investment. Currently occupied by tenants but easy to show just need 24 hour notice.

Property Details
  • Other
    architecture
  • $2,763.00
    taxes
  • 1910
    built
  • 2
    stories
  • 10172245
    MLS#
Washer
Dryer
Electric range
Microwave oven
Dishwasher
Refrigerator
Ceiling fan(s)
Heat pump
Breakfast area
Ceramic tile flooring
Garbage disposal
Wood floors
Carpet
Crawlspace
Elementary school: Larchmont Elementary
Middle school: Blair Middle
High school: Maury
On street parking
Vinyl siding
Patio
Lot acreage is: 0.0800
Subdivision: EDGEWATER
Lot zoned: R-8
Asphalt shingle roof
City sewer
City water
Total square feet: 1778
Property style: Other
Rec Room
Number of rooms: 8
Courtesy of:
Chantel Ray Real Estate Inc.

Call (855) 464-2662

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Get more info or schedule a showing:
Name Type GreatSchools
Rating
Distance
Larchmont Elementary School Pre-School, Elementary School / Public 7 0.44 mi.
Blair Middle School Middle School / Public 3 1.55 mi.
Maury High School High School / Public 4 1.86 mi.
St Patrick Catholic School * Pre-School, Elementary School, Middle School / Private N/A 0.65 mi.
Gov. School For The Arts * Elementary School / Public N/A 0.32 mi.
Madison * Elementary School / Public N/A 0.69 mi.
Address Distance Sale date Sale price
5216 Studeley AVE 0.29 mi. 8/14/2017 $327,500
5431 Glenhaven Crescent 0.37 mi. 5/21/2018 $353,000
5435 Argall CRES 0.4 mi. 6/15/2018 $369,000
1211 Westmoreland AVE 0.43 mi. 5/31/2018 $326,500
5427 Powhatan AVE 0.45 mi. 2/21/2018 $350,000
1509 MAGNOLIA AVE 0.45 mi. 7/14/2017 $333,000
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{"markerType": "Sold", "lat": "36.89021", "lng": "-76.31374", "Address": "5216 Studeley AVE", "City": "Norfolk", "StateProv": "VA", "ZipCode": "23508"}
{"markerType": "Sold", "lat": "36.89384", "lng": "-76.30963", "Address": "5431 Glenhaven Crescent", "City": "Norfolk", "StateProv": "VA", "ZipCode": "23508"}
{"markerType": "Sold", "lat": "36.89418", "lng": "-76.31042", "Address": "5435 Argall CRES", "City": "Norfolk", "StateProv": "VA", "ZipCode": "23508"}
{"markerType": "Sold", "lat": "36.89342", "lng": "-76.30428", "Address": "1211 Westmoreland AVE", "City": "Norfolk", "StateProv": "VA", "ZipCode": "23508"}
{"markerType": "Sold", "lat": "36.89417", "lng": "-76.3129", "Address": "5427 Powhatan AVE", "City": "Norfolk", "StateProv": "VA", "ZipCode": "23508"}
{"markerType": "Sold", "lat": "36.89491", "lng": "-76.31057", "Address": "1509 MAGNOLIA AVE", "City": "Norfolk", "StateProv": "VA", "ZipCode": "23508"}
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Norfolk Real Estate Market in 23508
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$264,938
Average sale price
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The approximate monthly principal & interest payment for this property would be $1,504.99.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.573 % with a down payment of $15,500. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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1418 Melrose PW, Norfolk, VA 23508 is a 5 bedroom, 2.5 bath single family home offered for sale at $310,000.
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School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.