1508 Tabb Avenue

Hopewell VA 23860

1800 sq. ft.

0.1 ac.

Duplex

Last sold for $237,500

Rochelle M Donastorg, last sold this property on 22 June 2026 after 72 days on market.

Overview

15k PRICE IMPROVEMENT. Listed for below Appraisal. Investors, add this turnkey, professionally managed, income-producing duplex in Hopewell to your 2026 portfolio. Immediate cash flow and solid income, recent upgrades, and low maintenance needs. This fully occupied property features two townhome-style units, each approximately 900 square feet with 2 bedrooms and 1.5 bathrooms, designed across two levels for enhanced tenant appeal and retention. Major capital improvements have already been completed, including a roof replaced approximately 5 years ago and HVAC systems updated within the last 5 years, reducing near-term maintenance costs. Interior updates include a kitchen renovation in Unit B completed 1 year ago and an updated kitchen in Unit A approximately 5 years ago, providing a balance of modern finishes and long-term durability. The exterior offers a low-maintenance combination of brick and siding. Off-street parking adds convenience for tenants, supporting consistent occupancy. A fenced rear yard provides additional privacy. Located in an established rental area with access to local amenities and major roadways, this property is well-positioned for steady rental demand. Additional opportunity: the adjacent duplex at 1510 Tabb Avenue is also available for sale, creating the potential for a side-by-side multifamily portfolio acquisition. Conveniently located near shopping, dining, schools, parks, and healthcare, with nearby bus routes for added accessibility. Easy access to major roadways and surrounding areas including Petersburg, Colonial Heights, and Richmond supports consistent tenant demand over the years. Ideal for investors seeking a stabilized asset with recent updates and expansion potential. Scheduled showings only. Please Do Not approach property or disturb tenants without a confirmed appointment. (Interior photo is of 1510 Tabb Unit A)

Features

1800 sq. ft. floor area

0.1 ac. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Hopewell over the last 12 months, the estimated median property value of 1508 Tabb Avenue is $235.63k.

Median value

$235.63k

Estimated value range

$187.5k - $540k

Median days on market

Estimated value trend

-8%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Hopewell. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.