1400 Melrose PW, Norfolk, VA 23508

• 4 beds |
• 2 baths |
• 1,480 sqft

Property Description

INVESTMENT OPPORTUNITY NEAR ODU WITH TENANTS IN PLACE! Add a Norfolk rental property to your portfolio with immediate income from day one. This 4-bedroom, 2-bath bungalow is currently leased through June 2027 at $2,500 per month, eliminating the need to immediately locate and place tenants. Located just a few minutes walk from Old Dominion University and a few minutes drive to Naval Station Norfolk, area shipyards, downtown Norfolk and major interstates, the property is well positioned in an area with multiple sources of rental demand. The home offers approximately 1,480 square feet and features a renovated kitchen, hardwood floors, spacious living areas, an upstairs bath, fenced yard, detached storage and ample off-street parking. Whether you're expanding an existing portfolio or purchasing your first investment property, this is an opportunity to acquire an income-producing property with tenants already in place.

Listing Status:

Active

Data Last Updated:

August 20, 2026 at 4:37AM

Listing Office:

Own Real Estate LLC : 757-354-4080

Listing Agent:

Constance Hebert :

MLS ID:

10649799

Interior

• General: Fireplace Decorative
• Rooms: 1st Floor BRPorchUtility Room
• Appliances: 220 V ElecDishwasherDisposalDryerMicrowaveGas RangeRefrigeratorWasher
• Flooring: CeramicWood
• A/C: Central AirWindow/Wall
• Heating: Forced Hot AirNat Gas
• Fireplace: Fireplaces: 1

Exterior

• General: AluminumBrick
• Style: Bungalow
• Pool: No Pool
• Parking: 3 SpaceOff StreetDriveway SpcStreet

Construction

• Roofing: Asphalt Shingle
• General: 2Crawl

Location

• HOA Amenities: 0.0
• County: Norfolk VA

Lot

• Fencing: Back FencedChain Link

Utilities

• Water: City/County
• Sewer: City/County