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Fort Tar Lofts offers an impressive living experience, highlighted by its granite countertops, exposed brick walls, and 14-ft ceilings. With a strong Zumper rating of 8.8 overall, exceptional price and amenities ratings of 10, and a favorable location rating of 9, the property provides excellent value for its offerings. Additionally, it is ideal for fitness enthusiasts, remote workers, and those seeking vibrant social opportunities, thanks to its proximity to numerous grocery stores, gyms, restaurants, and cultural venues.
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Less expensiveHigh school nearbyElementary school nearbyGreat for
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Work-from-home| Fort Tar Lofts - 100 | Room | 2 bath | 2,950 sqft | $6,500 /mo | Prime Office/Retail Opportunity – Fort Tar Lofts, Downtown Norfolk Discover a unique investment and leasing opportunity at the corner of Monticello Avenue & Fort Tar Lane in the heart of downtown Norfolk! *Property Highlights* - 2,950 SF office/retail space available – beautifully built-out, turn-key medical office. - 12,950 SF mixed-use building – featuring three studio apartments, eight 1BR/1BA units, two 2BR/1BA units, plus commercial space. - Unbeatable location – directly across from Cedar Grove Parking Lot. - Excellent accessibility – less than 1 mile from I-264 on/off ramps, downtown Norfolk, and TCC (Norfolk campus); under 2 miles from Norfolk State University & EVMS (Eastern Virginia Medical School). - High traffic counts – over 22,969 vehicles per day along Monticello Avenue. - Whether you're seeking vibrant retail visibility, a modern office setting, or a mixed-use investment in one of Norfolk's most dynamic areas, Fort Tar Lofts offers it all. Don't miss this rare opportuni | ||
| Fort Tar Lofts - 206 | Studio | 1 bath | 481 sqft | $1,300 /mo | A boutique-style apartment community, located on the borders of Ghent, where residents will enjoy city living at its finest! Located within the limits of the Norfolk Arts District. The building, built in 1915, was Virginia's oldest auto dealership called F.A. Roethke DeSoto. The preservation of this historical structure is noted by the industrial finishes found in each apartment, which include such features as original concrete flooring, exposed brick and masonry walls, 14-ft ceilings and expansive windows that make the interior of these apartments like no other, all with on-site and secured parking. Our convenient location is less than a five-minute walk to the Chrysler Museum, Chrysler Hall and The Harrison Opera House. Downtown Norfolk, with its many exciting restaurants, superb nightlife, and premier shopping is located just a half-mile away, as well. Living near The Tide, Norfolk's new light rail system, residents of Fort Tar Lofts can easily travel anywhere throughout downtown No | ||
| Fort Tar Lofts - 202 | 1 bed | 1 bath | 597 sqft | $1,500 /mo | Originally the site for Virginia's first auto dealership, F.A. Roethke DeSoto, Fort Tar Lofts was fully redeveloped in 2015, preserving the historic structure and maintaining the original concrete flooring, exposed brick and masonry walls. Totaling 13 units, each of which have a unique floor plan, The Property is noted for its industrial finishes such as exposed duct work, expansive city views, 14-ft ceilings and 9-ft windows, creating a bohemian residential living experience unrivaled in Hampton Roads. Fort Tar Lofts also offers secure access resident parking a rare amenity in Ghent and Downtown Norfolk, as well as a bike storage room and resident rooftop deck. The Property, located on the border of Historic Ghent, offers residents direct access to Norfolk's fabulous Neon District, with a thriving arts and culture scene as well as historic charm. Units feature central heating and air, full-size stackable washers and dryers, all stainless steel appliances, granite counter tops, custom |
Let's explore this property.
Apartment Amenities
| Trash Included |
Building
| Elevator |
Grounds
| Garage Parking |
One-time.
One-time.
Questions about this property’s policies and fees?
| Units | 3 |
|---|
Prime Office/Retail Opportunity – Fort Tar Lofts, Downtown Norfolk Discover a unique investment and leasing opportunity at the corner of Monticello Avenue & Fort Tar Lane in the heart of downtown Norfolk! *Property Highlights* - 2,950 SF office/retail space available – beautifully built-out, turn-key medical office. - 12,950 SF mixed-use building – featuring three studio apartments, eight 1BR/1BA units, two 2BR/1BA units, plus commercial space. - Unbeatable location – directly across from Cedar Grove Parking Lot. - Excellent accessibility – less than 1 mile from I-264 on/off ramps, downtown Norfolk, and TCC (Norfolk campus); under 2 miles from Norfolk State University & EVMS (Eastern Virginia Medical School). - High traffic counts – over 22,969 vehicles per day along Monticello Avenue. - Whether you're seeking vibrant retail visibility, a modern office setting, or a mixed-use investment in one of Norfolk's most dynamic areas, Fort Tar Lofts offers it all. Don't miss this rare opportunity — schedule a tour today!
How Fort Tar Lofts compares to other nearby properties.
Positives
Studio apartments at Fort Tar Lofts cost about 7% less than the average rent price for studios in Norfolk.
1-bedroom apartments here are priced 25% higher than 1-bedrooms in Norfolk.
| Month | Median Rent |
|---|---|
| December 2023 | $1,378 |
| January 2024 | $1,412 |
| February 2024 | $1,423 |
| March 2024 | $1,452 |
| April 2024 | $1,487 |
| May 2024 | $1,471 |
| June 2024 | $1,376 |
| July 2024 | $1,261 |
| August 2024 | $1,221 |
| September 2024 | $1,295 |
| October 2024 | $1,358 |
| November 2024 | $1,330 |
| December 2024 | $1,348 |
| January 2025 | $1,284 |
| February 2025 | $1,070 |
| March 2025 | $1,062 |
| April 2025 | $1,120 |
| May 2025 | $1,333 |
| June 2025 | $1,378 |
| July 2025 | $1,384 |
| August 2025 | $1,379 |
| September 2025 | $1,362 |
| October 2025 | $1,372 |
| November 2025 | $1,397 |
Can I afford to live at 1001 Monticello Ave?
Bedrooms
Rent-to-income ratio
30%
$260,000/yr
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Greenbrier East • 1105 Merchants Court
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Downtown Norfolk • 200 College Place
1–2 Beds
$1,555–$2,019
Greenbrier East • 1105 Merchants Court
1–2 Beds
$1,445–$1,625
