Norfolk VA Multi Family for Sale
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1934
- Baths:
- 5.00
- MLS#:
- 10565067
- Subdivision:
- COLONIAL PLACE
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Courtesy: Rodney Fentress Real Estate LLC
757-296-6000
ADDITIONAL INFORMATION
Great location and great rental income potential.
$325,000
819 W 48th Street Norfolk, VA 23508
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- NEW LISTING
- Beds:
- n/a
- Year built:
- 1974
- Baths:
- 2.00
- MLS#:
- 10564616
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Courtesy: BHHS RW Towne Realty
757-217-4200
ADDITIONAL INFORMATION
$525,000
1526 W 40th Street Norfolk, VA 23508
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1905
- Baths:
- 9.00
- MLS#:
- 10564163
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Courtesy: Judy Reed Realty
757-264-7770
ADDITIONAL INFORMATION
Awesome Opportunity To Own A 4-Plex Next To Old Dominion University Football Stadium And Campus! Rental Income Potential $4500-$5500. Unit 1B Has Just Been Renovated With New Stainless Appliances, New Paint, New Lvp Flooring & New Carpet.Has back door onto deck! New tenant ..lease ends 11/30/25.Rent $1195... Unit 1A Was Also Recently Renovated With New Kitchen Appliances, Cabinets, Countertops, LVP Flooring.New tenant ..lease ends 11/30/25...Rent $995...Unit 2A...Vacant and Being Renovated ...Bath Has Recently Been Remodeled..Heat Pump 10/2023.Unit 2B...month to month tenant..Rent $1094.50 Great Opportunity For Instant Cash Flow. Near A Bus Line, Restaurants, Shopping, Bases And Schools. On Site parking Spaces.. For Up To 4 Cars Which Is Unusual In This Area. Community Laundry Room. Tenants Pay Their Own Utilities. Owner Pays House Meter. Don'??t Miss This Chance To Own This 4-Plex Next To ODU!
$350,000
816 50th Street Norfolk, VA 23508
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Year built:
- 1950
- Baths:
- 7.00
- MLS#:
- 10562162
View additional info
Courtesy: Howard Hanna Real Estate Services
757-625-2580
ADDITIONAL INFORMATION
This triplex is a prime investment, offering strong rental income currently bringing in $3075/month. The property includes a 4-bedroom, 1-bath main unit (1,200 sq. ft.) with central heat/air, in-unit washer/dryer; currently rented for $1,200/month with potential for an increase. The second unit is a 1-bedroom, 1-bath apartment (600 sq. ft.) featuring a mini-split AC, window unit, fridge, and gas range, currently rented for $925/month under a renewed lease. The third unit, a unique garage conversion, offers 1-bedroom, 1-bath, in-unit washer/dryer, and 480 sq. ft. (plus a loft) with updated features, also rented under a renewed lease, renting for $900/month. Additional updates include a new roof in 2021 & newer windows in the main house and garage units.
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Norfolk Real Estate
The median home value in Norfolk, VA is $271,500. This is higher than the county median home value of $256,000. The national median home value is $338,100. The average price of homes sold in Norfolk, VA is $271,500. Approximately 40.06% of Norfolk homes are owned, compared to 51.95% rented, while 7.99% are vacant. Norfolk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Norfolk real estate agent to arrange a tour today!
Norfolk, Virginia 23508 has a population of 238,556. Norfolk 23508 is more family-centric than the surrounding county with 26.78% of the households containing married families with children. The county average for households married with children is 25.35%.
The median household income in Norfolk, Virginia 23508 is $56,244. The median household income for the surrounding county is $56,244 compared to the national median of $69,021. The median age of people living in Norfolk 23508 is 30.9 years.
Norfolk Weather
The average high temperature in July is 88.2 degrees, with an average low temperature in January of 33.3 degrees. The average rainfall is approximately 47.3 inches per year, with 5.1 inches of snow per year.