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Listing provided courtesy of Abrams RealtyMLS# 10635401MLS Provider
  • 40 days on site
  • 1 views

Opportunities like 1523 & 1525 Des Moines Ave are the hidden gems of the Portsmouth market. This dual-asset acquisition allows you to offset your hold of cost from Day 1 with a current tenant 1523 paying $900/month (10,800 in annual gross income), while you unlock the explosive potential of the adjacent unit. By converting 1525 into a premium 3-bedroom, 2-bedroom residence, you aren't just renovating-you are engineering equity. In a market where 3/2 units command premium rents, a strategic conversion can significantly optimize you Cap Rate. With a 3-year-old roof already protecting you investment, your capital can be focused entirely on the high-ROI interior finishes that drive appraisal value. 1525 has all-in-one washer /dryer. Has electrical charger outlet.

Source: REIN MLS, MLS#: 10635401

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  • Property Type
    Residential Income

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  • Median Age
    36
  • Population Density
    3,207
  • College Educated
    28%
  • Estimated Median Income
    $42,226
  • Estimated Total Home Owners
    2,941
  • Estimated Total Renters
    4,882
  • Owner / Renter Divide
    38% / 62%
  • Estimated Average Household Size
    2
  • Total Population
    18,673
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
%
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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  • Skip Templeton
  • RW Towne Mortgage
  • Vice President | Mortgage Loan Officer
  • (757) 287-1902
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Life at 1525 Des Moines Avenue

Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
5/28/2026Source: REIN MLS Status Change
Active
5/20/2026Source: REIN MLS Added to Database
May 20, 2026

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