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Renovated Side-by-Side Duplex
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 Market102

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

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: May 12 Changed: Aug 20 Last Checked: Aug 21 at 7:06PM
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.

Located at 521 Monroe Avenue in Cape Charles, this side-by-side duplex contains 3,072 square feet and was renovated in 2020. Each residence includes three bedrooms, two full bathrooms, a living area, dining space, full kitchen with stainless appliances, attic storage, and an in-unit washer and dryer. Hardwood flooring, wall-to-wall carpet, central HVAC with heat pumps, double-pane windows, electric water heaters, patios, and off-street parking serve both units.

Furniture, appliances, and décor acquired in 2021 convey with the property. One unit is leased through 2027, while the other has short-term rentals scheduled through August 2026. The property also has four years of vacation-rental history. Public beach access, shops, restaurants, and entertainment are located minutes away.

Key Highlights

  • Side‑by‑side duplex with 3,072 square feet, renovated in 2020
  • Each unit has 3 bedrooms, 2 full baths, a full kitchen, dining area, and attic storage
  • Central HVAC with heat pumps, double‑pane windows, and electric water heaters

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

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 offer flexible long-term and short-term rental use near Cape Charles beach access, shops, dining, and entertainment.
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: Side‑by‑side duplex with 3,072 square feet, renovated in 2020; Each unit has 3 bedrooms, 2 full baths, a full kitchen, dining area, and attic storage; Central HVAC with heat pumps, double‑pane windows, and electric water heaters
More about this property
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