Investor and owner-occupant opportunity in a designated Portsmouth Opportunity Zone. This 2-story duplex unlocks flexible income potential: run it as a traditional two-unit rental, or convert to the co-living model it was originally designed for, with up to 3 rentable rooms (2 up + 1 down). At approximately $800 per room market rent, the by-the-room scenario projects roughly $2,400 per month in gross potential income, giving an investor two paths to a strong cash-on-cash return. Three bedrooms and 2.5 baths across two stacked units. 2025 upgrades include luxury vinyl plank flooring and ductless mini-split systems, plus forced-air heat and central air. Eat-in kitchen, fireplace, covered patio, wood deck, fenced backyard, and a detached storage outbuilding. Low-maintenance vinyl and brick exterior. Public transportation is on the corner; the surrounding area is improving. All appliances convey.
| MLS # | 10639458 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 18 |
| Listing Provided By | Cottage Street Realty LLC | Debbie Crevier-Kent |
| SQ Feet | 1,581 |
|---|---|
| Zoning | NMU |
| Water Front | Not Waterfront |
| Water Heater Type | Electric |
|---|
| Exterior Siding | Brick, Vinyl |
|---|---|
| Fence Description | Back Fenced, Partial |
| Roof | Asphalt Shingle |
| Neighborhood Name | MIDTOWN |
|---|
| Sewer Type | City/County |
|---|---|
| Water Type | City/County |
| Property | 1361 |
|---|
| State | VA |
|---|---|
| County | Portsmouth VA |
| City | Portsmouth |
| Zip Code | 23704 |
| Area | 21 Central Portsmouth |
| Community Name | PARK VIEW 039 |
| School District | IC Norcom |
| Elementary School | Park View Elementary |
| High School | IC Norcom |
| Listing VS Median (in PARK VIEW 039) | |
Price: $329,999 low | high Med: $310,000 sqft: 1,581 low | high Med: 2,261 $ / sqft: $209 low | high Med: $137 On site: 18 low | high Med: 14 | |
| State | VA |
|---|---|
| County | Portsmouth VA |
| City | Portsmouth |
| Zip Code | 23704 |
| Area | 21 Central Portsmouth |
| Community Name | PARK VIEW 039 |
| School District | IC Norcom |
| Elementary School | Park View Elementary |
| High School | IC Norcom |
| Listing VS Median (in PARK VIEW 039) | |
Price: $329,999 low | high Med: $310,000 sqft: 1,581 low | high Med: 2,261 $ / sqft: $209 low | high Med: $137 On site: 18 low | high Med: 14 | |