About This Home

This 2-bedroom, 1-bathroom multi-family at 1240 Westover Avenue #8 in Norfolk, VA is listed for $199,000 ($190 per sqft). Built in 1918, the home offers 1,050 sqft of living space on a 0.02 acres lot.

Key Features

  • Built in 1918
  • 0.02 acre lot

Property Details

1 full
#8
1918

Amenities

A/C
Listing Description

Investor Opportunity in West Ghent! This spacious, tenant-occupied 2-bedroom condo offers immediate rental income with a lease already in place through next year. The open-concept living and dining area features beautiful hardwood floors, while the eat-in kitchen is equipped with stainless steel appliances.

Enjoy your morning coffee or unwind on the private balcony overlooking a charming tree-lined street. Additional highlights include off-street parking and a highly desirable location near EVMS, ODU, Naval Station Norfolk, downtown Norfolk, restaurants, shopping, and The Tide light rail. Situated in one of Norfolk's most sought-after neighborhoods, this property presents an excellent opportunity for investors seeking stable income and long-term appreciation potential. $5K in seller-paid closing cost assistance.

Monthly Cost Estimate

$1,064/mo

20% down · 6.5% · 30 years

Principal$144
Interest$862
Insurance$58

Estimates only. Actual payments may vary.

Location

1240 Westover Avenue #8

Norfolk, VA 23507

WEST GHENT

Property Details

Parking

Off Street

Heating

Heat Pump (Heating)

Cooling

Central AirHeat Pump

Appliances

DishwasherDisposalMicrowaveGas RangeRefrigerator

Questions & Answers

This 2-bedroom, 1-bathroom multi-family at 1240 Westover Avenue is listed at $199,000 ($190/sqft). The estimated monthly payment is $1,064 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1918, 0.02 acre lot.

This property is listed by Lynnie Fand.

LF

Lynnie Fand

Agent at The Real Estate Group, LLC

Listed by The Real Estate Group, LLC · Broker phone: (757) 410-8500 · View on Broker Site · Broker website

MLS# 10647713· Source: Real Estate Information Network, Inc.· 85 days on PropertySimple

Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1240 Westover Avenue #8, Norfolk, VA 23507

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