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Image 1 - 736 Michigan Avenue, Norfolk, VA 23508, USA - House for sale
Image 2 - 736 Michigan Avenue, Norfolk, VA 23508, USA - House for sale
Image 3 - 736 Michigan Avenue, Norfolk, VA 23508, USA - House for sale
Image 4 - 736 Michigan Avenue, Norfolk, VA 23508, USA - House for sale
Image 5 - 736 Michigan Avenue, Norfolk, VA 23508, USA - House for sale
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Image 9 - 736 Michigan Avenue, Norfolk, VA 23508, USA - House for sale
Home For Sale In Norfolk, Virginia
736 Michigan Avenue, Norfolk, VA 23508, USA

Home For Sale In Norfolk, Virginia

house for sale
views
Listed: 03/07/24

736 Michigan Avenue, Norfolk, VA 23508, USA

Studio Bed:
3,270 Sq Ft Living Area:
Save
Price
$ 700,000

About This House

Exciting opportunity to own a 4 plex property in the charming and historic Colonial Place neighborhood. Can make a great owner occupied investment property or a great cash flow investment close to NOB and ODU. This property features four units, with the main apartment (3BR on lower level) equipped with a washer/dryer. Ample parking is available in the rear and on the street. Hardwood floors beneath the carpeting upstairs. Each unit has separate updated electrical panels. Landlord pays water meter, electric water heater, and natural gas boiler that provides heat for all units. Window AC units are present in all units, however some are owned by tenants. There is a mini-split system in the main unit's sunroom. Additional storage is …  Full description

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Colonial Place Housing & Living

Household Income

Median household income: $47,137
Number of households: 87,249
The average household income in Norfolk, VA grew from $45,268 to $47,137 in the past year. This data is an estimate based upon 87,249 households in Norfolk, VA.
The chart below presents how household income is distributed in Norfolk, VA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Norfolk, VA compared to median property taxes around the country. The prevalent amount of property taxes in Norfolk, VA equals $3k+ , which is less than the national average.