2406 Colley Ave, Norfolk, VA, 23517
About This Home
Incredibly rare converted mixed use property located in the heart of the rapidly developing Railroad district, minutes to Ghent, Downtown, Railyard District, and more! 3,500sf stunning residential living space PLUS 1,000sf commercial frontage. 4,500sf total! Residential space was masterfully designed for optimum use of space with 2 glass walled offices, 2 bedrooms w/ luxurious bathrooms and custom closets, and a large bonus room currently used as a gym. Living area great for entertaining w/ oversized kitchen bar with marble countertops, high end stainless steel appliances with gas cooktop. Large attached garage with outdoor seating area and parking space along the side of residential entrance. Plumbing and electrical, HVAC, Roof all newer. A must see in person to truly understand and appreciate every detail involved in converting this building into one of the coolest spaces Norfolk has to offer. Commercial space currently generating rental income with lease until end of Jan 2027.
Getting Around
Very Walkable
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1928
Materials
- Foundation: Slab
- Roof: Poly Skin
- Construction materials: Masonry
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Dryer,Microwave,Gas Range,Refrigerator,Washer,Tankless Water Heater,Gas Water Heater
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Features
- Bar,Primary Sink-Double,Walk-In Closet(s),Ceiling Fan(s),Pantry
- Window features: Skylight(s)
- Flooring: Concrete
- Number of fireplaces: 1
- Fireplace features: Fireplace Gas-natural
- Fireplace: Yes
Heating & Cooling
- Heating features: Electric,Heat Pump
- Cooling features: Central Air,Heat Pump
Interior Area
- Total interior livable area: 3,500 sqft
Primary Bedroom
- Level: First
Property
Accessibility
- Accessibility features: Pocket Doors
Details
- Zoning: C-2
Features
- Levels: One
- Stories: 1
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: City
- Waterfront features: Not Waterfront
Parking
- Total spaces: 1
- Parking features: Garage Att 1 Car,2 Space,Driveway,Garage Door Opener
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
- Has uncovered spaces: Yes
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
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $496 | $5,952 |
| Property Taxes | $492 | $5,904 |
| Electricity | $337 | $4,045 |
| Total | $4,611 | $55,332 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
No price history available
For Sale by Agent
View on Zillow