PRIME NORFOLK LOCATION - INCOME-PRODUCING PROPERTY Steps from SCOPE Arena, The NorVa, and Chrysler Museum of Art! This completely renovated 1,180 sq ft unit delivers immediate $2,250/month cash flow with tenant secured through Fall 2026. $250,000 - Turnkey Investment • Brand new floors, paint, and finishes throughout • HVAC maintained on service plan • 1 parking space included • No vacancy risk - tenant in place until Fall 2026 Premium downtown location ensures strong rental demand in Norfolk’s entertainment district. Current tenant paying market rate with lease already secured. Zero additional investment needed - property is move-in ready and generating income from closing. Motivated seller, smooth transaction. Perfect opportunity to add stable income to your portfolio in one of Norfolk’s most desirable rental locations.
For sale
$250,000
435 Monticello Ave UNIT 300C, Norfolk, VA 23510
1beds
1,132sqft
Est.:
Condominium
Built in 1920
-- sqft lot
$244,800 Zestimate®
$221/sqft
$560/mo HOA
What's special
- 104 days |
- 196 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: December 18, 2025 at 05:26am
Listed by:
Eugene Shull,
KW Metro Center 805-858-9000
Source: REIN Inc.,MLS#: 10600972
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Forced Air, Heat Pump
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Range, Electric Range, Refrigerator, Washer, Electric Water Heater
- Laundry: Dryer Hookup, Washer Hookup
Features
- Flooring: Wood
- Has fireplace: No
Interior area
- Total interior livable area: 1,132 sqft
Property
Parking
- Total spaces: 1
- Parking features: 1 Space
Features
- Stories: 1
- Pool features: None
- Fencing: None
- Waterfront features: Not Waterfront
Lot
- Size: 483.52 Square Feet
Details
- Parcel number: 00010216
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Slab
- Roof: Poly Skin
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Downtown Area
HOA
- Has HOA: Yes
- Second HOA fee: $560 monthly
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $221/sqft
- Tax assessed value: $244,800
- Annual tax amount: $2,473
- Date on market: 9/8/2025
Estimated market value
$244,800
$233,000 - $257,000
$1,805/mo
Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,403 +0.6% | $244,800 +0.6% |
| 2024 | $3,382 +10.7% | $243,300 -0.5% |
| 2023 | $3,056 +7.4% | $244,500 +7.4% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,059/mo
Principal & interest
$1209
HOA Fees
$560
Other costs
$290
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- NAP.B. Young Sr. Elementary SchoolGrades: PK-2Distance: 0.4 mi
- 4/10Blair Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Maury High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Walter Herron Taylor Elementary
- Middle: Blair Middle
- High: Maury
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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