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Norfolk › BARRAUD PARK › 2229 Reservoir Ave✓ Source: REIN MLS #10648954 · record updated Sep 3, 2026 · synced every 2 min · your inquiry is never resold
2229 Reservoir AVE, NORFOLK VA 23504 - Main photo
2229 Reservoir AVE, NORFOLK VA 23504 - Photo 2
2229 Reservoir AVE, NORFOLK VA 23504 - Photo 3
2229 Reservoir AVE, NORFOLK VA 23504 - Photo 4
2229 Reservoir AVE, NORFOLK VA 23504 - Photo 5
1,760sqft
19days on market

2229 Reservoir Ave, Norfolk, VA 23504

ActiveMulti Family Residential · built 1923 · BARRAUD PARK

Facts & features

Type

Multi Family Residential

Year built

1923

Price / sqft

$156

HOA

None

Taxes

$1,684/yr

County

Norfolk VA

MLS #

10648954

Interior

Approx. sqft
1,760

Construction & exterior

Style
Over/Under
Subtype
Duplex
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl
Fencing
Back Fenced

Utilities & systems

Water heater
Gas
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
BARRAUD PARK
Zoning
R-8
Ownership
Fee Simple
Possession
@CLOSING
Disclosures
Disclosure Statement

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

About this home

Investment opportunity! This fully occupied Norfolk duplex offers immediate rental income with both units currently leased and generating income. Priced at $275,000, the property features a 3 bedroom, 1 bath downstairs and a 2 bedroom, 1 bath upstairs unit. With tenants already in place, investors can step into an income producing property without starting from scratch. Whether you're looking to add another multifamily property to your portfolio or make your first investment, this duplex offers an opportunity to own two rental units under one roof. Property being sold AS-IS. Please do not disturb tenants.

Listing courtesy of Jermaine Anderson · KW Coastal Virginia Chesapeake · REIN MLS #10648954

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

Built in 1923, this 1,760-square-foot multi-family property sits just minutes from USCG Base Portsmouth and Naval Medical Center Portsmouth. The location offers quick access to groceries, dining, and parks. It's a solid option among homes for sale in 23504.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23504, homes for sale zoned for Granby High School, and homes for sale zoned for Jacox Elementary. Browse every listing among homes for sale in Norfolk — updated from the REIN MLS every few minutes. Nearby, look at Ghent homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Read the full overview ↓

Why this home stands out

This early-20th-century multi-family building carries the character of its 1923 construction. The 1,760-square-foot footprint offers solid investment potential. Its proximity to two major military installations makes it especially relevant for anyone comparing Norfolk homes for sale near active-duty commutes. The neighborhood offers walkable access to everyday services and recreation.

BARRAUD PARK and the Norfolk real estate market

The area around 2229 Reservoir Avenue has a working-class, accessible feel. Tree-lined streets and a mix of residential buildings define the block. Norfolk itself is a major military hub and a vibrant mid-Atlantic city. Downtown Norfolk sits about 3 miles south, home to museums, dining, and waterfront parks. The city's public transit system connects neighborhoods efficiently. Homes for sale in Norfolk range from historic to modern, with many built in the early 1900s like this one. This zip code balances urban access with quieter residential pockets. Naval Station Norfolk and other military presence shape the area's character and economy.

What's nearby

Turner's Market and Walmart Neighborhood Market handle grocery runs within a mile. Church's Texas Chicken, AZ New York Style Pizza & Deli, and Bay Seafood offer dining variety nearby. PJ's Coffee and Tropical Smoothie Cafe are quick stops for morning coffee. The Salvation Army Kroc Center and Joan Kroc Center provide gym access within walking distance. Norfolk Parks & Urban Forestry, Broad Creek Neighborhood Spot, and Broad Creek Legacy Park sit just blocks away, offering green space and recreation.

For different buyers

Base commute and VA loan notes

USCG Base Portsmouth and Naval Medical Center Portsmouth are each about 5 minutes away. VA loan financing is common in this area. The multi-family structure and walkable location reduce move-in complexity. Quick base access means shorter commutes and more time at home.

For buyers drawn to character

Built in 1923, this multi-family property reflects early Norfolk residential architecture. Original bones and period details appeal to buyers who value historic character. The property's age and scale offer renovation and adaptive-use potential. Older Norfolk buildings like this one anchor the city's architectural heritage.

More buyer questions

How far is 2229 Reservoir Avenue from USCG Base Portsmouth?

About 5 minutes by car. The commute is straightforward and reliable.

What grocery stores are near this address?

Turner's Market and Walmart Neighborhood Market are both within a mile. BP is also nearby for quick stops.

Are there parks and recreation nearby?

Yes. Broad Creek Legacy Park and Broad Creek Neighborhood Spot are about 0.4 miles away. Norfolk Parks & Urban Forestry is even closer at 0.3 miles.

What schools are in this area?

Anyone comparing homes for sale zoned for Granby High School or homes for sale zoned for Jacox Elementary should verify current zone assignments with Norfolk Public Schools.

Is this neighborhood walkable?

Yes. Coffee shops, restaurants, and parks are all within walking distance. The area supports a car-light lifestyle.

Interested in learning more about this 1923 multi-family property? Reach out to discuss its potential and next steps.

Summary generated by AI from public records and publicly available information.

Homes like this one sell fast — see the next one first

Norfolk$230K – $320K

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

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

Ghent

Ghent is a historic neighborhood in Norfolk, Virginia. It is known for tree-lined streets and early 20th-century home styles. The area has restored Victorian homes, charming cottages, and smaller multi-family homes.

$282K

Median sale · 12 mo

$230

Sold $/sq ft

28d

Days on market

54

For sale now

$83K

HH income

31.7%

Owner-occupied

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

Explore Ghent →
Map of Ghent with neighborhood boundaryNeighborhood

see more Norfolk homes →

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

Estimates only — taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.

Estimate your monthly payment

$1,647/mo

Principal & interest

$1,427

Property tax

$140

Home insurance

$80

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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

201% of $136,900

City assessment record · taxes $1,684/yr

Land share of assessed value

26% — $35,000

Improvements $101,900 · assessor record ✓

Price context — similar nearby homes

$290,600 – $525,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

2721 Argonne AVE · 0.6 mi · 1,680 sqft$365,000 sold 2026-05
1891 Barre ST · 0.7 mi · 1,520 sqft$325,000 sold 2026-06
1611 Morris AVE · 1.3 mi · 1,716 sqft$525,000 sold 2026-06

Own a home nearby? See what it is worth today — What's your Norfolk home worth?

Sale & Tax History

List Price

$275,000

Price / Sq Ft

$156

Annual Taxes

$1,684

Monthly Tax

$140

HOA

None

Tax Rate (effective)

0.61%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 15, 2026$275,000—
Currently listed—$275,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

101% above assessment

Total Assessed

$136,900

Land

$35,000

Improvement

$101,900

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.

Market tempo

19 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Is 2229 Reservoir Ave in a good school zone?+
The assigned zones on the listing record are Jacox Elementary (VaHome School Score 1.1/10), Ruffner Middle (VaHome School Score 1.1/10), Granby (VaHome School Score 3/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 2229 Reservoir Ave 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.
Does 2229 Reservoir Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 2229 Reservoir Ave built?+
It was built in 1923, 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

Brokered by LPT Realty · Hampton Roads · answer their own phone

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

Listing courtesy of Jermaine Anderson · KW Coastal Virginia Chesapeake · REIN MLS #10648954

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.

2229 Reservoir Ave, Norfolk — photo

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

Call or text (757) 777-7577

2229 Reservoir Ave, Norfolk, Virginia 23504 · MLS #10648954 · 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.

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