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1510 Parker Ave, Portsmouth, VA, 23704

6beds
4baths
3,460sqft
$495,000
$143price/sqft
$3,645/moest. monthly cost
$145,800/yrincome needed

About This Home

Exceptional investment opportunity in Portsmouth! This updated triplex features a spacious 3-bedroom, 2-bath single-family home alongside a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit perfect for maximizing rental income or flexible living arrangements. Each unit is well-appointed with granite countertops, stainless steel appliances, in-unit laundry, and separate utility meters for ease of management. The property also includes a detached garage and sits on a large lot, offering added value and potential. Ideal for investors, owner-occupants, house hackers, or multigenerational living. Live in one unit while generating income from the others or lease all three for strong cash flow.

Getting Around

35
WalkingCar-Dependent
41
TransitSome Transit
58
BikeBikeable

Schools

5/10
3/10
Cradock Middle SchoolGrades 7-81.5 mi
2/10
I.C. Norcom High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle
  • Construction materials: Stucco,Vinyl Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Electric Water Heater

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4

Interior Area

  • Total interior livable area: 3,460 sqft

Property

Details

  • Parcel number: 00850320
  • Zoning: UR

Features

  • Fencing: Partial
  • Waterfront features: Not Waterfront
  • Frontage length: 126

Lot

  • Lot size: 0.29 Acres
  • Lot size dimensions: 100 x 125

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,502$30,024
Home Insurance *$309$3,708
Property Taxes $501$6,012
Electricity $333$3,999
Total$3,645$43,740
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$124,971/yr
40% on housing$109,350/yr
45% on housing$97,200/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$143This listing

vs Other Active Listings

Avg $/sqft

ZIP 23704$137
Portsmouth City$138

vs Homes Sold Last Month

Median $/sqft

ZIP 23704$178
Portsmouth City$180

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

For Sale by Agent

AgentKris Weaver
BrokerageAtlantic Sothebys Int'l Realty

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