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    Turnkey Duplex Investment Opportunity

    521 Monroe Avenue Cape Charles, VA 23310

    521 Monroe Avenue, Cape Charles, VA, 23310
    $899,000
    For Sale
    Claim this Listing
    $899,000

    MULTI_FAMILY - Cape Charles, VA

    Property Size3,072 SF
    Price / SF$292.64
    AddedMay 12
    Days on Market66
    Last RefreshJul 16 at 2:06 am

    Property Features for 521 Monroe Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Size
    3,072 SF

    Taxes and HOA fees

    Tax Annual Amount
    5925

    Utilities

    Water front features
    Waterfront

    Building Details

    Year built
    1920
    Roof type
    Composition
    Architectural style
    Other

    Listing agent Steve Marable License #292727

    Listing office Iron Valley Real Estate HR 555 Belaire Ave. Ste 270, Virginia Beach, VA

    Listing date May 12, 2026

    MLS# 10634730

    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.

    Investment Insights

    Based on property information with market context.

    This turnkey duplex investment opportunity is located in the heart of historic Cape Charles. Fully renovated in 2020, this coastal property features two identical units. Each unit offers 3 bedrooms, 2 full baths, spacious living areas, full kitchens with stainless appliances, dining areas, hardwood flooring, wall-to-wall carpet, and attic storage. In-unit washers and dryers are included. Both units feature central HVAC with heat pumps, double-pane windows, and electric water heaters. Patios and off-street parking with a stone driveway are available. All furniture, appliances, and decor purchased in 2021 convey. The property has 4 years of established vacation rental history with strong income potential. It is located just minutes from public beach access, local shops, restaurants, and entertainment. One unit is occupied with a year lease ending in 2027, and the other unit has several short-term rentals through August 2026. The property size is 3072 square feet.

    Key Highlights

    • Turnkey duplex investment opportunity with established vacation rental history and strong income potential.
    • Fully renovated in 2020 with all furniture, appliances, and decor conveying.
    • Two identical units, each with 3 bedrooms and 2 full baths.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Plumbing Service Auto Repair Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods Garden Center Storage Facility Catering Service Hair Salon Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Duplex - Fully renovated duplex in historic Cape Charles with strong rental income.
    Where is this duplex located?
    The property is located at 521 Monroe Avenue Cape Charles, VA.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Turnkey duplex investment opportunity with established vacation rental history and strong income potential.; Fully renovated in 2020 with all furniture, appliances, and decor conveying.; Two identical units, each with 3 bedrooms and 2 full baths.
    Contact an agent
    (757) 645-9700
    We can help!
    Contact an agent
    Steve Marable
    Real Estate License ID: 292727
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