1525 Des Moines AVE, Portsmouth, VA 23704
- 1,476 sqft
Duplex 
Built in 1953 
—— sqft lot 
—— car garage 
$176/sqft 
Listed 1 month ago
Property Description
Opportunities like 1523 & 1525 Des Moines Ave are the "hidden gems" of the Portsmouth market. This dual-asset acquisition allows you to offset your hold of cost from Day 1 with a current tenant 1523 paying $900/month (10,800 in annual gross income), while you unlock the explosive potential of the adjacent unit. By converting 1525 into a premium 3-bedroom, 2-bedroom residence, you aren't just renovating-you are engineering equity. In a market where 3/2 units command premium rents, a strategic conversion can significantly optimize you Cap Rate. With a 3-year-old roof already protecting you investment, your capital can be focused entirely on the high-ROI interior finishes that drive appraisal value. 1525 has all-in-one washer /dryer. Has electrical charger outlet.
- Listing Status:
- Active
- Data Last Updated:
- July 5, 2026 at 4:38AM
- Listing Office:
- Abrams Realty : 757-644-3800
- Listing Agent:
- Elizabeth Abrams :
- MLS ID:
- 10635401
- Roofing: Asphalt Shingle
- General: Slab
- County: Portsmouth VA
- Fencing: Back Fenced
- Water: City/County
- Sewer: City/County
This listing courtesy of Elizabeth Abrams , Abrams Realty
Monthly Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
