Skip to main content
VaHome.com
Norfolk › GHENT › 324 Colonial Ave✓ Source: REIN MLS #10643222 · record updated Sep 17, 2026 · synced every 2 min · your inquiry is never resold
324 Colonial AVE, NORFOLK VA 23507 - Main photo
324 Colonial AVE, NORFOLK VA 23507 - Photo 2
324 Colonial AVE, NORFOLK VA 23507 - Photo 3
324 Colonial AVE, NORFOLK VA 23507 - Photo 4
324 Colonial AVE, NORFOLK VA 23507 - Photo 5
$1,550,000
71days on market

324 Colonial Ave, Norfolk, VA 23507

ActiveApartments 3+ · built 1892 · GHENT

Facts & features

Type

Apartments 3+

Year built

1892

HOA

None

Taxes

$10,253/yr

County

Norfolk VA

MLS #

10643222

Interior

Stories
4
Flooring
Carpet, Ceramic, Laminate/LVP

Construction & exterior

Foundation
Basement
Construction
Other
Roof
Asphalt Shingle,Slate
Exterior
Brick,Wood
Exterior features
Laundry Room

Utilities & systems

Heating
Heat Pump W/A, Nat Gas
Cooling
Central Air
Water heater
Gas
Utilities available
City Sewer, City Water, Electric, Gas

Lot, parking & ownership

Subdivision
GHENT
Ownership
Fee Simple
Garage
No
Parking
Driveway Spc, Street
Possession
CLOSING
Disclosures
Disclosure Statement, Historical District

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

About this home

Back on market at no fault to seller - call for more info. Incredible investment opportunity right in the heart of Ghent! Gorgeous, historic building in an absolutely prime location within one mile of: CHKD, EVMS, Sentara Norfolk General Hospital, the Chrysler Museum, the Harrison Opera House, the Norfolk Scope Arena, and so much more! Current rents totaling $11,120 with room to increase.

Listing courtesy of Victoria Koenig · Signature Homes · REIN MLS #10643222

Tom & Dariya's overview

Our read on this home

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

At a glance

Built in 1892, this multi-unit apartment building sits on Colonial Avenue in Norfolk's walkable core. You're steps from restaurants, coffee shops, and parks. Naval Medical Center Portsmouth is just two minutes away by car.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23507, homes for sale zoned for Kings Daughters Hosp. Ep., and homes for sale zoned for W.H. Taylor Elementary School. 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 historic structure captures the character of early Norfolk architecture while anchoring a vibrant neighborhood block. Ground-floor retail and restaurant frontage create energy and foot traffic. The location offers the rare combination of period charm and urban convenience—close to employment centers, dining, and recreation without sacrificing neighborhood character.

GHENT and the Norfolk real estate market

Colonial Avenue runs through one of Norfolk's most established residential and commercial corridors. The streetscape mixes restored historic buildings with active storefronts and gathering spaces. Tree-lined blocks and walkable distances to shops and services define daily life here. Norfolk itself is a major military and maritime hub, anchored by Naval Station Norfolk and Naval Medical Center Portsmouth. Getting around the city is straightforward via local roads and the Hampton Roads bridge-tunnel system. Anyone comparing Norfolk homes for sale will find this zip code offers strong walkability and proximity to employment. The neighborhood's mix of residential units, local businesses, and public spaces creates the kind of block that anchors homes for sale in 23507.

What's nearby

Press 626 Wine Bar and The Retreat Cafe sit steps away on the same block. Grand Grounds and EspressOasis both offer coffee within a two-minute walk. Harris Teeter grocery is half a mile north. Colleywood Cuts and Fit Co gyms are within walking distance. The Hague Bulkhead, Raleigh Avenue Playground, and Raleigh Park provide outdoor space nearby. Subway and 7-Eleven round out quick-service options within a few blocks.

For different buyers

Base commute and VA loan notes

Naval Medical Center Portsmouth is two minutes away by car; USCG Base Portsmouth is three minutes. VA loan financing is common in this area and well-understood by local lenders. The walkable location and short commute mean you can maximize time off-base. Urban density keeps daily errands quick and efficient.

Room to grow

This multi-unit building offers multiple residential spaces within a single historic structure. The ground-floor commercial frontage creates separation from street-level activity while maintaining walkable access to neighborhood amenities. High ceilings and period details reflect 1892 construction. On-site density means shared building resources and a built-in community feel.

More buyer questions

How far is 324 Colonial Avenue from Naval Medical Center Portsmouth?

About two minutes by car. The base is one of the region's largest employers and a major anchor for the surrounding neighborhoods.

What grocery stores are near this address?

Harris Teeter is half a mile away. The Vitamin Shoppe and TASTE are both within a mile, offering additional shopping options.

Are there parks and recreation nearby?

Yes. The Hague Bulkhead, Raleigh Avenue Playground, and Raleigh Park are all within a tenth of a mile. Fit Co and Blocker Norfolk Family YMCA gyms are under a mile away.

What year was this building built?

324 Colonial Avenue was built in 1892 and reflects the architectural character of Norfolk's early development.

Is this property zoned for schools in the area?

If you are comparing homes for sale zoned for W.H. Taylor Elementary School or homes for sale zoned for Kings Daughters Hosp. Ep., contact a local agent for current zoning details and school assignment information.

Meet 324 Colonial Avenue. Reach out to learn more about this historic multi-unit property and its walkable location.

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

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

Norfolk$1.3M – $1.8M

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 A

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

53

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

browse Norfolk listings →

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

$9,349/mo

Principal & interest

$8,043

Property tax

$854

Home insurance

$452

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

186% of $833,600

City assessment record · taxes $10,253/yr

Land share of assessed value

22% — $184,100

Improvements $649,500 · assessor record ✓

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

Sale & Tax History

List Price

$1,550,000

Price / Sq Ft

$0

Annual Taxes

$10,253

Monthly Tax

$854

HOA

None

Tax Rate (effective)

0.66%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 8, 2026$1,550,000—
Price reducedSep 17, 2026$1,550,000−$100,000
Currently listed—$1,550,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

86% above assessment

Total Assessed

$833,600

Land

$184,100

Improvement

$649,500

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.

Market tempo

71 days on market — read it in context

Higher-priced homes market more slowly by nature: the buyer pool is smaller and diligence is heavier. Days-on-market at this tier is a rhythm, not a warning.

Questions buyers ask

Is 324 Colonial Ave in a good school zone?+
The assigned zones on the listing record are Walter Herron Taylor Elementary, Blair Middle (VaHome School Score 3.5/10), Maury (VaHome School Score 3.8/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 324 Colonial 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 324 Colonial Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 324 Colonial Ave built?+
It was built in 1892, 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 Victoria Koenig · Signature Homes · REIN MLS #10643222

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.

324 Colonial Ave, Norfolk — photo

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

Call or text (757) 777-7577

324 Colonial Ave, Norfolk, Virginia 23507 · MLS #10643222 · 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.

✆