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Renovated Side-by-Side Duplex
New
For Sale
$899,000

521 Monroe Avenue, Cape Charles, VA 23310

Multi Family Residential, Side by Side, Cape Charles, VA

Property Size3,072 SF
Price / SF$292.64
Days on Market4

Property Features for 521 Monroe Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Subdivision CAPE CHARLES
Lot features Deck, Patio
Elementary school Kiptopeke Elementary
Middle school Other Middle School
Standard status Active
Size 3,072 SF

Taxes and HOA fees

Tax Annual Amount 5925

Utilities

Water front features Waterfront

Amenities

in-unit washers & dryers
patios
off-street parking
attic storage

Building Details

Year built 1920
Roof type Composition
Architectural style Other
Listing Agency: Iron Valley Real Estate HR
Listed By: Steve Marable · License #292727
Added: Sep 15 Changed: Sep 18 Last Checked: Sep 18 at 5:06PM
MLS# 10653643

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 side-by-side duplex contains two matching residences within a 3,072-square-foot property built in 1920. Each unit offers 3 bedrooms, 2 full baths, a living area, full kitchen with stainless appliances, dining space, attic storage, and an in-unit washer and dryer. Central HVAC with heat pumps, double-pane windows, electric water heaters, hardwood flooring, wall-to-wall carpet, patios, and off-street parking serve both units. The property was renovated in 2020, and furniture, appliances, and décor acquired in 2021 convey with the sale.

One residence is leased through 2027, while the other is used for short-term rentals. The property also has 4 years of vacation-rental history. Located in Cape Charles, it is minutes from public beach access, shops, restaurants, and entertainment. The property is identified as waterfront and includes a stone driveway.

Key Highlights

  • Two matching units, each with 3 bedrooms and 2 full baths
  • 3,072 square feet across a duplex built in 1920
  • Renovated in 2020 with furniture, appliances, and décor from 2021 conveying

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Plumbing Service Auto Repair Shop Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

316
Businesses Nearby

Demographics for 23310, VA

5,260
Population
3,386
Households
1.6
Avg Household Size
52
Median Age
33%
College-Educated
89%
High-School Grad
65.1 sq mi
ZIP Area
81
Density / Sq Mi
$53,482
Median Household Income
$36,386
Median Earnings
$795
Median Rent
$344,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two furnished residences combine updated interiors, private outdoor areas, and flexible long- and short-term occupancy options.
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: Two matching units, each with 3 bedrooms and 2 full baths; 3,072 square feet across a duplex built in 1920; Renovated in 2020 with furniture, appliances, and décor from 2021 conveying
More about this property
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