1 month on rocket

2326 Elm Ave, Portsmouth, VA, 23704

$220,000

Home List Price

$2,613*

Closing Credit

0 Baths
1,800 SqFt
$122/SqFt
Multi

Location

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2326 Elm Ave, Portsmouth$220,000

Buyer Closing Credits

$2,613*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1924
MLS #10555012
StatusActive

About 2326 Elm Ave

Great opportunity to own a ready to go investment property. This duplex is 2 bedroom and 1 bath on each side with identical layouts. One side has been refreshed with new countertops and appliances. All new plumbing updated, including the main sewer line replacement in 2024. Both units have new water heaters. One side is under a 12 month lease rented at $1,350 monthly(10 months remaining). The other side is newly vacant. This duplex sits in a central location on a corner lot. Each unit is fenced separately so tenants can enjoy their own outdoor space, and electric, water, and gas meters are all separate.

Property Details

Property Features

Property Information:

  • Architectural Style: Side by Side
  • Year Built: 1924
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: The Bryant Group
  • Listing Agent: Katrina Jones

Interior Features

Interior Information:

  • Basement: No

Price Information

Listing Price Info

Price Summary:

  • List Price: $220,000
  • Price Per SqFt: $122/SqFt

Tax Information:

  • Annual Amount: $1,017
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Portsmouth, VA.

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Portsmouth, VA

City

Med. List Price

$273.2K

Med. Price/SqFt

$176

Avg. Days On Market

79

# of Sold Homes

130

2326 Elm Ave vs Portsmouth

40 DAYS ON ROCKET

-39 Days

$220,000

-$53.2K Less

$122/SqFt

-$55 Less

KEY TAKEAWAY

This property is $53.2K less than the Median List Price and $55/SqFt less than other homes in Portsmouth, VA.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #10555012

Listing Office:

  • Office Name: The Bryant Group
  • Listing Agent: Katrina Jones

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,017$78,260
2020$1,038$79,850
2019$1,020$78,530
2018$978$78,530
2017$978$75,240

History based on county public records data.

Payment Calculator

$1,166

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$726

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-294477
2
/10

  • Brighton Elementary School

  • 1100 Portsmouth Blvd

  • 0.13 miles

  • Public District Grades KG-6

school-card-donut-294478
4
/10

  • Park View Elementary School

  • 260 Elm Ave

  • 1.30 miles

  • Public District Grades KG-6

school-card-donut-294479
2
/10

  • Douglass Park Elementary School

  • 34 Grand St

  • 1.48 miles

  • Public Magnet Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,316. The majority of Portsmouth, VA residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Portsmouth›23704›2326 Elm Ave

This home is located at 2326 Elm Ave in Portsmouth, VA and zip code 23704 in the Brighton neighborhood. This 1,800 square foot home was built in 1924. It has been listed on Rocket Homes since October 12, 2024 and is currently priced at $220,000.

In October 2024 in Portsmouth, VA there were 10.1% more homes for sale than in September 2024. In October 2024 median list price was $273,209 and the average listing age was 79 days.

From Rocket Homes Real Estate and based on county public records data.

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