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Side-by-Side Duplex
For Sale
$280,000

1551 Spruce Forest Ct, Chesapeake, VA 23322

Each residence has a designated backyard, and tenants cover their own utilities.

Property SizeContact for details
Days on Market19

Property Features for 1551 Spruce Forest Ct

General Information

Standard status Active
Property subtype Residential Income

Financials

Asking Price $280,000
Gross Income $32,400
Average Monthly Rent $1,350

Site & Location

Neighborhood Forest Lakes

Units

Unit Mix 3BR/2BA, 2BR/1BA
Multifamily Units 2

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $2,312

Amenities

backyard areas

Building Details

Buildings 1
Tenancy Multi
Listing Agency: Coastal Group Inc.
Listed By: Alex Winfield
Source: Exprealty
Added: Oct 8 Changed: Oct 26 Last Checked: Oct 24 at 7:02PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coastal Group Inc.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This duplex is arranged as two side-by-side residences. One includes 3 bedrooms, 2 bathrooms, and approximately 1,300 square feet; the other has 2 bedrooms, 1 bathroom, and approximately 828 square feet. Each residence has its own backyard area, and tenants are responsible for utilities.

Key Highlights

  • Two residences with distinct bedroom and bathroom configurations
  • One unit has 3 bedrooms, 2 bathrooms, and approximately 1,300 square feet
  • Second unit has 2 bedrooms, 1 bathroom, and approximately 828 square feet

Property Analytics

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

42
Businesses Nearby

Demographics for 23322, VA

66,994
Population
22,386
Households
3
Avg Household Size
40
Median Age
42%
College-Educated
95%
High-School Grad
187.8 sq mi
ZIP Area
357
Density / Sq Mi
$133,522
Median Household Income
$55,549
Median Earnings
$1,870
Median Rent
$448,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Each residence has a designated backyard, and tenants cover their own utilities.
Where is this duplex located?
The property is located at 1551 Spruce Forest Ct Chesapeake, VA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two residences with distinct bedroom and bathroom configurations; One unit has 3 bedrooms, 2 bathrooms, and approximately 1,300 square feet; Second unit has 2 bedrooms, 1 bathroom, and approximately 828 square feet
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