Unique mixed-use asset positioned in the heart of South Norfolk’s downtown district, offering both street-level commercial visibility and rear residential income. The front commercial suite features an open, gallery-style layout with updated lighting, modern flooring, and a dedicated restroom—ideal for retail, studio, office, or wellness use. Behind the storefront sits a two-unit residential configuration, each with separate access, providing diversified income streams on one parcel. The rear of the property offers off-street parking, fenced outdoor space, and storage sheds, adding functional utility for both tenants and ownership. Exterior features include brick walkways, alley access, and classic neighborhood architecture. Located just minutes from major commuter routes, shipyard access, dining, and shopping, this property blends location, flexibility, and income potential into one versatile investment opportunity.
For sale
Price cut: $50K (12/15)
$400,000
1005 Chesapeake Ave, Chesapeake, VA 23324
--beds
2baths
--sqft
Est.:
Apartment
Built in 1910
-- sqft lot
$406,400 Zestimate®
$--/sqft
$-- HOA
What's special
Brick walkwaysStreet-level commercial visibilityAlley accessOff-street parkingStorage shedsOpen gallery-style layoutFenced outdoor space
- 7 days |
- 160 |
- 6 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: December 15, 2025 at 06:37am
Listed by:
Jonathan Mironchik,
LPT Realty LLC 877-366-2213
Source: REIN Inc.,MLS#: 10613422
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 2
Heating
- Electric, Natural Gas
Cooling
- Central Air
Appliances
- Included: Electric Water Heater
Features
- Flooring: Carpet, Laminate/LVP
- Basement: Crawl Space
Property
Parking
- Parking features: Parking Lot, On Street
- Has uncovered spaces: Yes
Features
- Stories: 2
Details
- Zoning: B5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Concrete, Frame, Brick, Vinyl Siding
- Foundation: Slab
- Roof: Asphalt Shingle
Condition
- Year built: 1910
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: All Others Area 31
Location
- Region: Chesapeake
Financial & listing details
- Annual tax amount: $3,402
- Date on market: 12/15/2025
- Electric utility on property: Yes
Estimated market value
$406,400
$386,000 - $427,000
$1,573/mo
Price history
Price history
Price history is unavailable.
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$2,335/mo
Principal & interest
$1935
Property taxes
$260
Home insurance
$140
Climate risks
Neighborhood: South Norfolk
Nearby schools
GreatSchools rating
- 2/10Truitt Intermediate SchoolGrades: 3-5Distance: 0.6 mi
- 7/10Oscar Smith Middle SchoolGrades: 6-8Distance: 1.2 mi
- 3/10Oscar F. Smith High SchoolGrades: 9-12Distance: 5.5 mi
Schools provided by the listing agent
- Elementary: Rena B. Wright Primary
- Middle: Oscar Smith Middle
- High: Oscar Smith
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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