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About this home
Exceptional investment opportunity in the growing Downtown Suffolk area! This 4BR/3BA property offers over 2,800 square feet with endless potential for a renovation, fix-and-flip, income-producing rental, or owner-occupied investment. The flexible layout may allow for conversion to a duplex or triplex, subject to buyer verification of zoning and permitted uses. The main home features 3 bedrooms and 2.5 baths, while the apartment above the detached garage includes an additional 1 bedroom and 1 bath. The garage's ground level also offers potential for additional finished living space, creating even greater value. Several major system upgrades have already been started. Conveniently located near Downtown Suffolk's revitalization, shopping, dining, and major commuter routes. Property is being sold strictly as-is.
Downtown Suffolk, located between the Nansemond River waterfront and the Suffolk Seaboard Station Railroad Museum, is a historic and walkable Suffolk neighborhood with brick storefront blocks and riverfront green space. The neighborhood’s character concentrates around the intersection of Main Street and Washington Street, where galleries, coffee counters, and locally run eateries line the sidewalks under classic streetlamps. Community pillars include the Suffolk Center for Cultural Arts, the Suffolk Center for the Visual Arts, and the Suffolk Seaboard Station Railroad Museum. Architecture leans toward early-20th-century commercial facades and restored civic buildings, with pocket parks breaking up the grid. The riverfront sets a slower pace for strolls and outdoor events. A compact street layout supports errands on foot and a café-to-culture routine.
Provided by Walk Score and Local Logic
Offer insights
229 Chestnut St · $239,999
$247K and above
75% chance or better to win
Why $247K+ is a strong offer
DAYS ON MARKET
10 days
The average home goes pending in 47 days.
SALE-TO-LIST
99.2%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Permanent attic stairs
Walk-in closet
Bedrooms
Master bedroom
Additional bedroom
In-law suite
Converted garage (additional bedroom/space)
Bathrooms
3 full bathrooms
1 half bathroom
Kitchen
Breakfast area
Pantry
Laundry & utility
Washer hookup
Dryer hookup
Utility room
Utility closet
Flooring
Carpet
Vinyl
Wood
Heating & cooling
Forced hot air
Natural gas heating
Exterior features
Back yard fenced
Porch
Workshop
City view
Home design
Detached single-family home
Traditional style
2 stories
Simple ownership
Parking
Detached 2-car garage
690 sq ft garage
Driveway parking
Off-street parking
Construction
Vinyl siding
Composite roof
Crawlspace foundation
Garage apartment / guest house (additional structures)
Utilities
City/County water
City/County sewer
HOA & community
No HOA fees indicated
Other
Listed as fixer upper
Electricity and solar
View estimated energy costs and solar savings for this home
To provide for detached and attached single family homes in areas where large-lot development is discouraged and adequate public facilities and services are available. RM supports the principles of concentrating urban growth and reinforcing existing community centers. Design standards are required in order to encourage the development of neighborhoods that are pedestrian-friendly and accessible to services and retail. A mix of dwelling types is allowed in this district.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Educational/school
Communications tower
Cemetery
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 109° expected this year, 16 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
2/10 Air Factor
0 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Suffolk, VA • 23434
Average low and high temperatures (°F)
48
28
51
33
68
43
76
52
78
58
88
67
90
73
82
67
80
64
72
50
65
43
52
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
76/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
5.1 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 229 Chestnut St
$224,159
$16K under list price of $240K
Nearby comparable homes
The Redfin Estimate uses 5 recent nearby sales, priced between $227K to $325K.