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939 Park Ave, Norfolk, VA, 23504

8beds
4baths
3,368sqft
$750,000
$223price/sqft
$5,374/moest. monthly cost
$214,960/yrincome needed

About This Home

Fourplex for sale $750k firm. No rush, steady flow of renters. 1031 Exchange.

Getting Around

51
WalkingSomewhat Walkable
67
TransitGood Transit
53
BikeBikeable

Schools

1/10
Ruffner Middle SchoolGrades 3-80.6 mi
1/10

Construction

Condition

  • Year built: 1951

Materials

  • Foundation: Crawl/Raised
  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily

Interior

Appliances

  • Appliances included: Microwave,Range / Oven,Refrigerator

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Features

  • Flooring: Hardwood

Heating & Cooling

  • Heating features: Forced air,Gas
  • Cooling features: Other

Interior Area

  • Total interior livable area: 3,368 sqft

Property

Details

  • Parcel number: 04431000

Features

  • Exterior features: Brick

Lot

  • Lot size: 6,272 sqft

Parking

  • Total spaces: 8
  • Parking features: Off-street

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
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
Strong Wind
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 $3,792$45,504
Home Insurance *$484$5,808
Property Taxes $774$9,288
Electricity $324$3,892
Total$5,374$64,488
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$184,251/yr
40% on housing$161,220/yr
45% on housing$143,306/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: 6.0%
6.0%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$223This listing

vs Other Active Listings

Avg $/sqft

ZIP 23504$150
Norfolk City$181

vs Homes Sold Last Month

Median $/sqft

ZIP 23504$178
Norfolk City$200

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)

No zestimate history available

Price History

DateEventPrice
2026-07-09Listed for sale$750,000
2016-02-11Listing removed$650
2016-01-06Price change$650
2015-12-09Listed for rent$695
2013-01-10Listing removed$700
2012-08-21Listed for rent$700
2009-05-07Sold$225,000
2007-04-06Sold$73,800

For Sale by Owner

AgentProperty Owner

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