17 days on rocket

816 50th St, Norfolk, VA, 23508

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
2,280 SqFt
$154/SqFt
Multi

Location

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816 50th St, Norfolk$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1950
MLS #10562162
StatusActive

About 816 50th St

This triplex is a prime investment, offering strong rental income currently bringing in $3075/month. The property includes a 4-bedroom, 1-bath main unit (1,200 sq. ft.) with central heat/air, in-unit washer/dryer; currently rented for $1,200/month with potential for an increase. The second unit is a 1-bedroom, 1-bath apartment (600 sq. ft.) featuring a mini-split AC, window unit, fridge, and gas range, currently rented for $925/month under a renewed lease. The third unit, a unique garage conversion, offers 1-bedroom, 1-bath, in-unit washer/dryer, and 480 sq. ft. (plus a loft) with updated features, also rented under a renewed lease, renting for $900/month. Additional updates include a new roof in 2021 & newer windows in the main house and garage units.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1950
  • Living Area: 2,280 SqFt

Listing Office:

  • Office Name: Howard Hanna Real Estate Svcs.
  • Listing Agent: Mary Corliss

Interior Features

Interior Information:

  • Basement: No

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $154/SqFt

Tax Information:

  • Annual Amount: $2,719
  • Tax Year: 2021
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Housing Market Comparison

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

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Norfolk, VA

City

Med. List Price

$325K

Med. Price/SqFt

$203

Avg. Days On Market

83

# of Sold Homes

198

816 50th St vs Norfolk

17 DAYS ON ROCKET

-66 Days

$350,000

+$25K More

$154/SqFt

-$49 Less

KEY TAKEAWAY

This property is $25K more than the Median List Price and $49/SqFt less than other homes in Norfolk, VA.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #10562162

Listing Office:

  • Office Name: Howard Hanna Real Estate Svcs.
  • Listing Agent: Mary Corliss

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,719$217,500
2020$2,534$206,500
2019$2,455$202,700
2018$2,455$196,400
2017$2,277$198,000

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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-875869
6
/10

  • Larchmont Elementary School

  • 1145 Bolling Ave

  • 0.28 miles

  • Public District Grades PK-5

school-card-donut-875870
3
/10

  • James Monroe Elementary School

  • 520 W 29th St

  • 0.95 miles

  • Public District Grades PK-5

school-card-donut-875871
8
/10

  • W. H. Taylor Elementary School

  • 1122 W Princess Anne Rd

  • 1.45 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,684. Residents of Norfolk, VA typically earn less than $35k each year. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Norfolk›23508›816 50th St

This home is located at 816 50th St in Norfolk, VA and zip code 23508 in the Highland Park neighborhood. This 2,280 square foot home was built in 1950. It has been listed on Rocket Homes since December 04, 2024 and is currently priced at $350,000.

The number of homes for sale in Norfolk, VA increased by 2.8% between October 2024 and November 2024. In November 2024 median list price was $325,000 and the average listing age was 83 days.

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

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