Discover a fantastic investment opportunity at 1551 Spruce Street in Norfolk! This side-by-side duplex offers two distinct rental units with a combined monthly rental income of $2,700. Unit A features 3 bedrooms, 2 bathrooms, and approximately 1,300 square feet of living space, currently renting for $1,500 per month. Unit B offers 2 bedrooms, 1 bathroom, and approximately 828 square feet, currently renting for $1,200 per month. Each unit enjoys its own designated backyard area, providing tenants with separate outdoor spaces. Tenants are responsible for all utilities, making this an appealing addition to an investment portfolio. Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 204 Central Avenue, Suffolk (MLS# 10656924) offered at $245,000; 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; and 1622 Prentis Avenue, Portsmouth (MLS# 10656915) offered at $250,000. This property, 1551 Spruce Street (MLS# 10656917), is offered individually at $280,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.
INVESTOR SPECIAL! This duplex is 2,024 sq ft and fully fenced in. Conveniently located near Downtown Norfolk, Naval Station Norfolk, dining, shopping, and more. Property is being sold as-is, seller to make no repairs. Cash or rehab loan only.
Owner-occupant or investment opportunity in desirable Green Hill Farms! This fully occupied Norfolk duplex on a corner lot offers immediate rental income with both units currently leased and generating income. Priced at $285,000, the property features a 3-bedroom, 1 bath, living and dining rooms, eat-in kitchen, laundry area, and screened in porch downstairs and 2-bedroom, 1 updated bath, living/grate room, updated kitchen, and covered balcony area upstairs. With tenants already in place, investors can step into an income producing property without starting from scratch. Owner occupants can live in one unit while the other contributes to the mortgage. Whether you'??re looking to add another multifamily property to your portfolio or make your first investment, this duplex offers a flexible opportunity to own two rental units under one roof. Property being sold AS-IS. Please do not disturb tenants. 24-hour notice required for showings. Agent is related to seller. Proof of funds or pre-approved required to schedule a showing.
Investment opportunity or live in one and let the other help offset your mortgage! Updated Ocean View duplex offering two spacious 3BR/2BA units, plus a detached storage garage. Unit 1 is vacant and move-in ready, while Unit 2 has a long-term tenant in place. Significant improvements include a newer roof, windows, downstairs HVAC and flooring, updated appliances, reconfigured first-floor layout, new second bath and tankless water heater. Historical annual rents exceeded $38,000, with projected annual rental income of approximately $45,000. Whether you're looking to add a solid income-producing property to your portfolio or create a smart owner-occupant opportunity, this duplex offers flexibility, strong rental potential and substantial improvements already completed.
Turnkey investment opportunity! This all-brick, side-by-side duplex features two well-maintained, mirrored 2-bedroom, 1-bath units, each with in-unit laundry, separate metered utilities, and shared driveway parking. Both units are currently occupied, offering immediate income from day one. Conveniently located near Naval Station Norfolk, Ocean View beach access, interstate corridors, and Norfolk International Airport. A great opportunity for investors looking to expand their portfolio with an income-producing property in an established rental area.
Expand your investment portfolio with this all-brick, 10-unit apartment building in Norfolk'??s Huntersville neighborhood. The property features nine occupied units and just one vacancy, with positive cash flow. An opportunity to acquire an income-producing property with room to increase revenue by leasing the remaining unit.
Great opportunity to own a duplex in Norfolk. One side is occupied and the other is vacant. Central location, long term tenant, storage space, live in one side and rent out the other!
Must be sold with 646 Dune St. MLS# 10655469 for a total of $595,000. Owner will not separate. 3 bed/2 bath upstairs and 1 bed/1 bath downstairs. Shared Laundry room on ground level. Approximately 35,000 sq ft of land between both parcels. Average gross receipts for last 3 years for both properties $75K. Listing Agent is licensed in Virginia and is Part Owner in the property.
INVESTMENT OPPORTUNITY IN NORFOLK! This duplex features two units, each offering 2 bedrooms and 1 full bathroom. Both units are currently occupied. The floor plan shown is for Unit A. Unit B offers the same layout, just flipped. HVAC - Unit A replaced in 2018. Unit B replaced in 2020. Water heater for Unit A replaced in 2017. Property is being sold AS IS, WHERE IS. Great opportunity for investors looking to add a multifamily property to their portfolio. Contact listing agent for questions.
Great opportunity to own a duplex in Norfolk with excellent potential! This property offers the flexibility of two separate units, providing the possibility for rental income, multi-generational living, or an owner-occupant looking to offset their housing costs. Conveniently located near downtown shopping, dining, entertainment, museums, parks, and so much more. Enjoy easy access to everything Norfolk has to offer. Whether you're looking to expand your investment portfolio or make a move into homeownership, this is an opportunity worth exploring!
Excellent investment opportunity with instant income and amazing tenants! Both leases run through August 2027. Tenants pay all utilities and are responsible for yard upkeep. Both units in great condition, unit B had LVP throughout installed in 2024. Side by side, townhouse style duplex on Cul-De-Sac. Interior photos are of Unit B only.
Welcome to 937 Little Bay Avenue'??a beautifully cared-for 2-bedroom, 1-bath beachfront cottage offering relaxed coastal living directly on Little Bay with detached one bedroom garage/apartment. Step outside to your own private sandy beach, enjoy expansive water views, and experience the charm of a true Norfolk beach bungalow. Garage apartment is currently rented for $1,150 per month, providing an immediate income stream. The main home and garage apartment share a water meter while featuring separate electrical service. Abundant private off-street parking provides plenty of room for residents and guests. This rare property offers the perfect combination of waterfront lifestyle and investment potential'??ideal as a primary residence, second home, vacation rental, family compound, or long term rental opportunity. Conveniently located near military bases, beaches, dining, shopping, and everything Coastal Virginia has to offer, in an area known for strong rental demand.nego
Great investment opportunity. Tenant occupied duplex unit in the East Beach Oceanview neighborhood of Norfolk, VA. Conveniently located to highways, military bases and shopping. 4bed/2 bath- (Each unit is 2 bd/1 ba). Separate meters for electric and water. New water heater in both units. New HVAC unit for Unit B. New roof in 2022. Washer/dyer unit A, Washer/dyer hookups unit B. Showings are by appointment Wednesday at Saturdays 1:00-3:00PM. Call/text LA1 to schedule.
Great investment opportunity. Both units are tenant occupied. Each unit is 2 bed/1 bath. Hardwood floors. New roof in 2022. Showings available every Wednesday and Saturday 1:00-3:00. Text/Call LA1 to schedule showings.
Great investment opportunity with a 3.625% VA assumable loan! Live on one side while renting the other to help cover more than half of your mortgage payment. Unit A features a long-term tenant with an excellent rental history, while Unit B is currently vacant and ready for occupancy. Both units are separately metered, and tenants pay all utilities. Both units received new HVAC systems in 2021, and Unit B features a new water heater installed in 2022, fresh paint, and a new toilet. For a qualified veteran buyer, the 3.625% VA assumable loan offers a unique opportunity to take advantage of a below-market interest rate while building equity and creating a stream of residual rental income. Whether you're looking to become a first-time investor or expand your portfolio, this property offers excellent potential. Sold as-is, where-is. Call today to schedule your private showing!
606 & 608 Walker Ave. This recently renovated 2-bed, 1-bath duplex features newer appliances, including an in-unit washer and dryer (608). Additional highlights include durable LVP flooring throughout, a fenced-in backyard, storage shed, and a welcoming front porch. Ideally located just minutes from downtown Norfolk, this property offers a rare opportunity for both owner-occupants and investors. Live in one unit while generating rental income from the second 2-bedroom, 1-bath unit, complete with its own kitchen and living room. Each unit is separately metered and includes its own washer and dryer, adding convenience and value. For investors, this duplex presents strong upside potential. Combined monthly rents could create an attractive income-producing asset in a high-demand area near major hospitals, universities, and employment centers. One side is leased out to 11/30/26, the other side is vacant for a new owner to occupy or a new renter.
Over/Under Duplex. Both units have 2 bedrooms and 1 bathroom, Central Air & Heating. Tenants pay their own utilities. Inquire about this property today, but please do NOT disturb the tenants. Sale includes Adjacent Vacant Lot. Buyer to Perform Own Due Diligence.
Excellent opportunity to own a fully occupied duplex investment property in Norfolk just 6 blocks from the Chesapeake Bay! This cash-flowing multifamily property already has performing tenants in place, including a highly desirable 3-bedroom unit, making it a strong addition to any rental portfolio. Major capital improvements have already been completed, including new roof, new HVAC systems, updated plumbing, updated electrical, new flooring, new cabinets, and fresh paint, helping minimize near-term maintenance expenses for the next owner. Each unit has separate utility meters with tenants paying utilities, creating a more efficient income-producing property structure and improving overall investment returns. The location is highly attractive for long-term renters and military tenants. Situated just 6 miles from Norfolk Naval Base, 6 miles from the Hampton Roads Bridge-Tunnel, and minutes to the Chesapeake Bay beaches!
Duplex with 2 Bedrooms, 1 Bathroom, Living Room, Dining Room, and Kitchen Downstairs. Downstairs unit has Gas Range, Dishwasher, and Microwave as well as Washer/Dryer Hookup. 1 Bedroom, 1 Bathroom, and Kitchen Upstairs. Kitchen has Refrigerator and Hookup for Gas Stove.
These side-by-side duplexes in Bayview are only 5 blocks to the beach! 1137 and 1149 Modoc Ave are both for sale and ready for new owners. Nice opportunity for Investors or a Buyer looking to live in one side and rent the other. All units have the same floor plan.
Elevate your living in this piling style duplex on a tributary leading out to the Chesapeake Bay. Enjoy your days in your tastefully updated home, perfect for investors or an owner occupied live in! With the tributary facing outside your front door on the expansive deck, take in the salt air! These are light and bright and offer convenience and close proximity to local eateries and entertainment. With the beach just down the street, who could go wrong! Each unit is two bedrooms, with one and a half baths and a large living area!
Investment Opportunity! Occupied Duplex, 3 beds/1 ba down, 1 bed with a bonus room/1ba up, driveway and street parking. Conveniently located near ODU, Downtown Norfolk, Shopping and more.
Investment opportunity! This fully occupied Norfolk duplex offers immediate rental income with both units currently leased and generating income. Priced at $275,000, the property features a 3 bedroom, 1 bath downstairs and a 2 bedroom, 1 bath upstairs unit. With tenants already in place, investors can step into an income producing property without starting from scratch. Whether you'??re looking to add another multifamily property to your portfolio or make your first investment, this duplex offers an opportunity to own two rental units under one roof. Property being sold AS-IS. Please do not disturb tenants.
Brand-new construction duplex in Norfolk'??s Ocean View/Little Creek area! Completed in 2026, this thoughtfully designed property offers two spacious units, providing an excellent opportunity for an owner-occupant or investor. Unit 1 offers approximately 775 sq. ft. with 2 bedrooms and 1 full bath, while Unit 2 features approximately 1,417 sq. ft. with 3 bedrooms and 2 full baths. Each unit includes its own living room, dining area, laundry, kitchen and garage. Enjoy modern new construction, city water and sewer, off-street parking, and a convenient Norfolk location. This turnkey duplex offers flexibility for multigenerational living, rental income, or adding a new multifamily property to your portfolio.
Just one block from the Chesapeake Bay, 1075 W Ocean View Ave offers a rare opportunity to acquire a fully renovated, professionally managed 8-unit apartment building in one of Norfolk's most sought-after coastal rental markets. Comprised of four one-bedroom and four two-bedroom residences, the property underwent an extensive renovation in 2021, featuring modern interiors, updated building systems, mini-split HVAC throughout, repaved parking, and inviting outdoor common spaces. Additional features include 10 off-street parking spaces and an on-site laundry room. Just minutes from Naval Station Norfolk, I-64, and Ocean View's beaches, this turnkey investment combines strong in-place income with long-term upside in one of the region's most resilient multifamily corridors.

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Norfolk is located in Virginia. Norfolk, Virginia has a population of 238,556. Norfolk is less family-centric than the surrounding county with 25.35% 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 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 is 30.9 years.
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.