Courtesy: BHHS RW Towne Realty
757-486-8800
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.
Courtesy: Iron Valley Real Estate HR
757-645-9700
Make this your first stop! This versatile duplex in Norfolk's Park Place neighborhood is a fantastic opportunity for investors or owner-occupants looking to offset their mortgage with rental income. The move-in-ready first-floor unit features 2 bedrooms and 1 full bath with a renovated kitchen and new flooring (2024), plus a new HVAC system and water heater (2025). The upstairs 1-bedroom, 1-bath unit has been refreshed with new flooring, fresh paint, and a new bathtub/shower. All new gutters and downspouts, new storage shed and various plumbing and foundation upgrades made in 2025. Outside, enjoy a spacious backyard, welcoming country-style front porch, and ample on-street parking. Conveniently located near ODU, Ghent, Colonial Place, Downtown Norfolk, shopping, dining, and major interstates, this property offers an unbeatable combination of flexibility, updates, and location.
Courtesy: Iron Valley Real Est Norfolk
757-900-4873
Investment opportunity in Norfolk'??s Colonial Place neighborhood! This duplex offers strong potential for an investor looking to expand a rental portfolio or take on a renovation project. Conveniently located near shopping, dining, Downtown Norfolk, ODU, military bases, and major roadways, this property is ready for the right buyer to bring their vision to life. Property is being sold as-is.
Courtesy: BHHS RW Towne Realty
757-436-3636
SELLER WILL CONSIDER OWNER FINANCING, subject to seller approval and agreed terms! Two properties, one price: $1,850,000. This Chesapeake Bayfront package includes 840 & 842 W Ocean View Ave, combining a bayfront duplex and adjoining fourplex for six total units. Wide Chesapeake Bay views and direct beach access offer a coastal setting for boating, fishing, kayaking, beach walks, and sunsets. Explore the potential for a waterfront residence with rental income from the remaining units, subject to existing leases, or purchase the entire package as an income-producing investment. The waterfront duplex also offers potential for future conversion into a single residence, subject to applicable approvals. Convenient Norfolk location near military installations, interstates, marinas, dining, shopping, and area beaches. Seller can provide a termite and moisture letter. Properties must be sold together. Shown by appointment to qualified buyers.
Courtesy: BHHS RW Towne Realty
757-436-3636
SELLER WILL CONSIDER OWNER FINANCING, subject to seller approval and agreed terms! Two properties, one price: $1,850,000. This Chesapeake Bayfront package includes 840 & 842 W Ocean View Ave, combining a bayfront duplex and adjoining fourplex for six total units. Wide Chesapeake Bay views and direct beach access offer a coastal setting for boating, fishing, kayaking, beach walks, and sunsets. Explore the potential for a waterfront residence with rental income from the remaining units, subject to existing leases, or purchase the entire package as an income-producing investment. The waterfront duplex also offers potential for future conversion into a single residence, subject to applicable approvals. Convenient Norfolk location near military installations, interstates, marinas, dining, shopping, and area beaches. Seller can provide a termite and moisture letter. Properties must be sold together. Shown by appointment to qualified buyers.
Courtesy: RE/MAX Alliance
757-456-2345
Located in the rapidly growing and improving Park Place neighborhood of Norfolk, this quadruplex at 410 W 28th St offers a prime investment opportunity. Each unit is approximately 925 sq ft and individually metered. And recently updated. Near to Norfolk's shipyards, downtown Norfolk, and in Maury High, Blair Middle, and St. Helena Elementary School District, this property is positioned for strong rental demand. Take advantage of the upward-trending Norfolk community and seize the opportunity to grow your rental income portfolio.
Courtesy: Next Level Real Estate Group LLC
Jasmine Douglas
804-709-9852
Cash buyers only- Investor Special! Don't miss this cash-flow opportunity in a rapidly growing area of Norfolk. This duplex requires only cosmetic updates, making it the perfect value-add investment for your rental portfolio or fix-and-hold strategy. With solid bones and strong rental potential, this property offers the chance to build equity without a major renovation. Located just 15 minutes from the beach, with convenient access to military bases, shopping, dining, downtown Norfolk, and major interstates, the location is ideal for attracting long-term tenants. Whether you're a seasoned investor or looking to expand your portfolio, this is an excellent opportunity to own an income-producing property in a high-demand rental market. Sold As-Is. Inspection is for informational purposes only. Schedule your showing today!
Courtesy: Timeless Realty Company
Jasmine Booker
804-647-6528
Investors special!!!!!! Needs TLC- newer roof, hvac, water heater, windows. All cosmetic repairs needed. MORE PHOTOS COMING MONDAY!!
Courtesy: Iron Valley Real Est Norfolk
757-900-4873
Investment opportunity in a 6-unit brick apartment building. All units have recently renovated. Currently fully occupied, this property provides strong rental income and long-term potential. To be sold with another fully renovated and fully rented 6 unit apartment building at 511 Ashlawn Drive. A great option for those looking to expand or begin their investment portfolio.
Courtesy: Iron Valley Real Est Norfolk
757-900-4873
Investment opportunity in a 6-unit brick apartment building. All units have recently renovated. Currently fully occupied, this property provides strong rental income and long-term potential. To be sold with another fully renovated and fully rented 6 unit apartment building at 540 Ashlawn Drive. A great option for those looking to expand or begin their investment portfolio.
Courtesy: Aweigh Real Estate
757-204-1659
Historic multifamily investment opportunity in the West Ghent neighborhood of Norfolk. Hampton Apartments consists of 16 units in a classic brick garden-style apartment building built in 1923. This 4-story property offers strong rental potential near Downtown Norfolk, EVMS, ODU, Sentara, shopping, dining, entertainment, and major employment centers. Property features off-street parking, separately metered utilities, and a mix of spacious apartment layouts. Convenient access to interstates, military installations, and public transportation further enhances tenant appeal. Excellent opportunity for investors seeking a well-located multifamily asset with long-term upside potential in one of Norfolk'??s established urban neighborhoods. Portfolio sale opportunity available; call listing agent for details.
Courtesy: Aweigh Real Estate
757-204-1659
Located in the Ghent neighborhood of Norfolk, Newton Hall presents an opportunity to acquire a 12 unit apartment asset in one of Hampton Roads'?? established urban districts. Built in 1925, this brick garden-style apartment community combines historic character with strong investment fundamentals and long-term upside potential. The property consists of 12 residential units across three stories and includes two-bedroom apartments. Conveniently located near Downtown Norfolk, EVMS, Sentara, ODU, military installations, shopping, dining, and entertainment, the property benefits from proximity to major employment, educational, and lifestyle amenities. Investors will appreciate the stability of the asset, potential rental growth opportunities, and the opportunity to own a multifamily property in one of Norfolk'??s established neighborhoods. This offering may also be part of a larger portfolio opportunity. Contact listing agent for additional details.
Courtesy: CENTURY 21 Nachman Realty
252-331-1300
These side-by-side duplexes in Bayview are only 5 blocks to the beach! Nice opportunity for Investors or a Buyer looking to live in one side and rent the other.
Courtesy: RE/MAX Commonwealth
804-288-5000
Prime income-producing asset in Ocean View! Seize the chance to invest in a stunning, all-brick, fully renovated eight-unit apartment building just steps from the iconic Ocean View Pier, the beach, and minutes from the base. Every unit has been meticulously remodeled'??fully furnished, custom cabinets, granite countertops, new appliances, all new windows'??and is currently occupied at $1,595 per unit per month. Two units are thriving as mid-term rentals, often enjoyed by traveling nurses and contract professionals. The building also features on-site laundry and assigned parking. With immediate cash flow, a prime location near highways, parks, basketball courts, and bike paths, this is a hands-off, top-tier investment. Everything is done'??no work needed. Please note, out of respect for the tenants, do not disturb, contact, or approach them directly. Act now'??this rare coastal market gem won'??t last!
Courtesy: NextHome Coastal Luxury Realty
757-298-7346
HOT new listing. This centrally located Norfolk duplex offers a rare opportunity for both owner-occupants and investors. Live comfortably in the expansive 3-bedroom, 2-full-bath lower unit, complete with an additional office, a step-down family room with fireplace, and a bright sunroom, while generating rental income from the upstairs 2-bedroom, 1-bath unit with its own kitchen and spacious living room. The entire property features beautiful hardwood floors, and the lower unit features newer granite countertops. For investors, this duplex presents significant upside potential. With thoughtful improvements and an optimized rental strategy, combined monthly rents could make it a compelling income-producing opportunity in a high-demand area near major hospitals, universities, and employment hubs. The space, layout, and location provide the foundation. The opportunity is here to elevate and maximize returns. Call Today! This one will not last long!
Courtesy: Inlet Realty
757-276-3330
Well-maintained brick apartment asset with six - two bedroom, one bath units, in a convenient Norfolk location close to shipyards, interstates, and major employment centers. Current monthly rents total $6,382, providing immediate income from day one with potential upside through strategic rent increases and value-add improvements. Two-story building with off-street parking and simple, functional layouts that stay in demand with residents. Ideal for investors looking to scale their portfolio with a stable, easy-to-rent property in an established rental corridor. Please do not disturb tenants under any circumstances.
Courtesy: Inlet Realty
757-276-3330
Fully remodeled six-unit building just two blocks from the beach, offering a rare, low-maintenance coastal investment. All units have been updated, making this a true plug-and-play addition to your portfolio with current monthly rents totaling $8,240 and room to adjust over time with the market. Each unit is on separate utility meters, simplifying management and boosting net income by shifting utility costs to residents. Located in a highly desirable, beachside neighborhood with strong rental demand, this property is ideal for investors seeking stable cash flow, modern finishes, and a prime Norfolk location near sand, surf, and local amenities.
Courtesy: BHHS RW Towne Realty
757-217-4200
Charming and versatile 3-bed/2-bath duplex in the heart of Highland Park-perfect as an investment or a blank canvas for new owners to make their own. Both levels offer spacious, light-filled layouts with open kitchens, bar seating, in-unit laundry, 2 sizable bedrooms, and a primary bedroom with en-suite bath. Unit B features modern vinyl plank flooring, and both units enjoy private deck access plus their own driveway and separate water/electric meters. Just minutes from ODU + vibrant Colley Avenue restaurants, breweries, + entertainment. Roof replaced Oct 2025; HVAC: Unit A (2016), Unit B (2014). Downstairs is vacant and easy to show; upstairs leased at $1,475/mo through 5/31/26. Appliances convey as-is; no flood insurance required. Virtual tour reflects almost identical layouts; upstairs access after ratified contract. Some photos virtually staged.
Courtesy: Inlet Realty
757-276-3330
2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of '??meat on the bone.'? The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates. Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level
Courtesy: Own Real Estate LLC
757-354-4080
Beautiful turn-of-the-century duplex in Historic Ghent, just one block from Downtown and the Chrysler Museum. The upstairs unit features 1 bedroom, 1 bath, 900 sq ft, a spacious eat-in kitchen, and a private rooftop patio. The downstairs unit offers 2 bedrooms, 2 baths, 1,300 sq ft, and a large den with a cozy fireplace. Perfect opportunity for an owner-occupant looking to house hack and offset the mortgage with rental income. Don'??t miss this rare chance to live in the heart of Ghent.
Courtesy: Real Broker LLC
855-450-0442
Discover this versatile over/under style duplex located in the vibrant Park Place neighborhood of Norfolk. Whether you're an investor seeking your next opportunity or a homeowner looking to live in one unit and rent the other, this property offers flexibility. Both units at share a welcoming front porch and entryway, while still maintaining their own distinct spaces. The first-floor unit boasts a private back porch and access to a fenced-in backyard. The second-floor unit features its own covered back balcony, offering a peaceful retreat to enjoy morning coffee or evening breezes. Each unit is separately metered and equipped with individual electrical panels, HVAC systems, and hot water heaters. Currently vacant, this property is a blank canvas ready for your vision '?? whether it's rental income, multi-generational living, or a smart renovation project. Don't miss this rare opportunity in a rapidly developing area '?? schedule your showing today and explore all its potential!
Courtesy: Keller Williams Coastal Virginia Chesapeake
757-361-0106
Investor special, cash or conventional Only! Duplex built in 1915 featuring two units'??one 3BR/1BA and one 2BR/1BA. Property sold strictly as-is, where-is with seller to make no repairs. Great potential for income-producing investment or rehab project. Convenient location with solid structure and layout ready for updates and vision.
Courtesy: Inlet Realty
757-276-3330
Ocean View duplex investment opportunity! Minutes from bases and beaches. Fully rented and generating $19,500 annually with low expenses and professional management. Great for investors seeking an income-producing asset with '??meat left on the bone'?. New roof in 2020. All utilities individually metered. Long term tenants in both units. Opportunity for forcing equity by renovating at turnover. Renovated units next door renting for $1,200+. DO NOT DISTURB TENANTS '?? exterior showings only.
Courtesy: Inlet Realty
757-276-3330
Ocean View duplex investment opportunity! Minutes from bases and beaches. Fully rented and generating $29,400 annually with low expenses and professional management. Perfect for investors seeking a hassle-free, income-producing asset. New roof in 2020. Unit 1 renovated in 2022, new HVAC, new appliances, including W/D and water heater, LVP flooring, and shaker style cabinets with quartz countertops. Unit 2 renovated in 2023, new HVAC, new appliances, including W/D and water heater, LVP flooring, and shaker style cabinets with quartz countertops. DO NOT DISTURB TENANTS-exterior showings only.
Courtesy: 1st Class Real Estate Flagship
757-995-1301
Right in the heart of Norfolk where your investment goals can be reached! This unique property is over 2,000sf & multi-zoned for commercial, residential AND multi-family! This property is already bareboned and ready for you to renovate to your liking with apartments on top of your business or you can create a great duplex layout. Immediate access to public transportation routes and surrounded by established homes and businesses. Needs full renovation. Time to roll up those sleeves and make this property into that perfect investment you've been searching for! Priced to sell fast!
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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.
