2000 Plow Lane, Chesapeake, VA 23324
- Added:
- Jun 12, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 18 at 8:06 am
Property Features for 2000 Plow Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R6
- Standard status
- Active
- Size
- 1,624 SF
Taxes and HOA fees
- Tax Annual Amount
- 1876
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1966
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Melissa Boyce (866) 825-7169
Listing office EXP Realty LLC 800 Corporate Dr. Ste. 301, Ashburn, VA (757) 932-9277
Listing date Jun 12, 2026
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.
HighLights
- Duplex with 2 units at 2000 and 2002 Plow Lane
- Each unit features 2 bedrooms and 1 full bath
- Waterfront feature reported: waterfront
- Year built: 1966
- Roof type: shingle
- Sold as‑is, where‑is
Overview
The property is located in Chesapeake, Virginia 23324. The listing includes the specific addresses of both units, 2000 Plow Lane and 2002 Plow Lane, indicating a side-by-side or paired duplex arrangement under one ownership and listing.
This layout can fit buyers looking for a straightforward residential income asset with two similar floor plans, since both units have the same bedroom and bath configuration. Because the property is sold as-is, prospective purchasers should plan to review current condition and verify expenses and requirements during due diligence before making a decision.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.3k | $17.40 |
| − Vacancy | −$2.0k | −$1.22 |
| EGI | $26.3k | $16.18 |
| − OpEx | −$7.9k | −$4.85 |
| NOI | $18.4k | $11.33 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chesapeake
- County
- Chesapeake
- State
- Virginia
- Longitude
- -76.247081
- Latitude
- 36.8147566
