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NorfolkPARK PLACE121 W 32nd St✓ Source: REIN MLS #10604050 · record updated Mar 20, 2026 · synced every 2 min · your inquiry is never resold
121 W 32nd ST, NORFOLK VA 23504 - Main photo
121 W 32nd ST, NORFOLK VA 23504 - Photo 2
$1,500,000
171days on market

121 W 32nd St, Norfolk, VA 23504

Off MarketApartments 3+ · built 1966 · PARK PLACE

About this home

The listing, in the seller's words

Investment opportunity in a 10-unit brick apartment building. Recent updates include new roofs installed in 2025 along with additional improvements throughout the property. Situated on a corner lot, the building offers convenient on-site parking for residents. Currently fully occupied, this property provides strong rental income and long-term potential. A great option for those looking to expand or begin their investment portfolio.

Listing courtesy of Carrie Copenhaver · Real Broker LLC · REIN MLS #10604050

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Apartments 3+

Year built

1966

HOA

None

Taxes

$10,729/yr

County

Norfolk VA

MLS #

10604050

Interior

Stories
2
Flooring
Carpet, Ceramic, Vinyl

Construction & exterior

Foundation
Slab
Construction
Frame
Roof
Asphalt Shingle
Exterior
Brick
Exterior features
Dryer Hookup, Washer Hookup

Utilities & systems

Heating
Basebd
Cooling
Window/Wall
Water heater
Electric
Utilities available
City Sewer, City Water, Electric

Lot, parking & ownership

Subdivision
PARK PLACE
Zoning
R-13
Ownership
Fee Simple
Garage
No
Parking
Multi Car, Street
Possession
SETTLEMENT
Disclosures
Disclosure Statement, Historical District

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 510104

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone B

Source: Virginia Dept. of Emergency Management — Know Your Zone

Explore this neighborhood

Colonial Place

Colonial Place is a historic residential neighborhood in Norfolk, Virginia, known for its tree-lined streets and early 20th-century architecture.

$370K

Median sale · 12 mo

$240

Sold $/sq ft

12d

Days on market

9

For sale now

$85K

HH income

56.4%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Colonial Place
Map of Colonial Place with neighborhood boundaryNeighborhood

Norfolk homes for sale

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.

The numbers

Run the real carrying cost

Homes at this tier often trade in cash or portfolio financing — the calculator below shows a financed view; taxes are from the public record.

Estimate your monthly payment

$9,115/mo

Principal & interest

$7,783

Property tax

$894

Home insurance

$438

PMI

None

HOA

None

Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.

Value & history

Judge value on real ground

Asking vs. assessment

163% of $919,800

City assessment record · taxes $10,729/yr

Land share of assessed value

16% — $143,300

Improvements $776,500 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Sale & Tax History

List Price

$1,500,000

Price / Sq Ft

$0

Annual Taxes

$10,729

Monthly Tax

$894

HOA

None

Tax Rate (effective)

0.72%

Sale Timeline (this listing)

EventDatePriceDetail
ListedNov 19, 2025$1,500,000
Currently listed$1,500,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

63% above assessment

Total Assessed

$919,800

Land

$143,300

Improvement

$776,500

Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:

Norfolk Real Estate Assessor

Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.

Comparable Properties

Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.

Questions buyers ask

Real questions, answered from the record

Is 121 W 32nd St in a good school zone?+
The assigned zones on the listing record are Lindenwood Elementary (GreatSchools 6/10), Blair Middle (GreatSchools 4/10), Granby (GreatSchools 5/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 121 W 32nd St in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Is there a gym near 121 W 32nd St?+
Yes — YMCA on Granby is about 0.1 miles away, per the cached nearby-places record for this address.
Are there parks near 121 W 32nd St?+
Lafayette Park is about 0.2 miles away.
Where is the nearest grocery store to 121 W 32nd St?+
Watergate 5 is about 0.5 miles away. The closest dining on record is Vegan Planet Cafe (0.2 mi).
Does 121 W 32nd St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 121 W 32nd St built?+
It was built in 1966, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Carrie Copenhaver · Real Broker LLC · REIN MLS #10604050

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

121 W 32nd St, Norfolk — photo

See it in person — the record only says so much.

Call or text (757) 777-7577

121 W 32nd St, Norfolk, Virginia 23504 · MLS #10604050 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.