Isle of Wight, VA Real Estate | Isle of Wight, VA Multi-Family Homes for Sale

Move-in ready side-by-side duplex—perfect for homeowners or investors! One unit is already rented at $1,500/month, offering immediate income, while the other is vacant and ready for you to move in or lease out. Let your tenant help pay your mortgage! Renovated in 2022 with updated kitchens featuring soft-close cabinets, dishwashers, washers/dryers, and refrigerators. Unit B includes a newer HVAC (2023). Major updates include architectural roof (approx. 7 years old) and water heaters (2016). Both units offer thermal pane windows, rear patios, and individual storage sheds. Separate driveways with up to 4 parking spaces per side. Excellent opportunity—don’t miss out!

1031 Woronoca Avenue, North Norfolk

$329,900

10645641 MLS

Whether you're looking to expand your investment portfolio or purchase your first property with income-producing potential, this Portsmouth duplex is full of opportunity! Featuring two side-by-side units, each residence offers its own private driveway and covered front porch, providing added convenience and curb appeal. The fenced backyard creates a sense of privacy and usable outdoor space for both units. Live in one side while generating rental income from the other, or lease both units for a

18 Barney Place, Central Portsmouth

$350,000

10645580 MLS

Townhome style, side-by-side duplex has been completely remodeled, all that is left to do is move in or rent the units! Each unit offers seperate meters for water and electric. There is new LVP flooring in each unit's living area, along with upgraded eat-in kitchen's with granite counters and shaker cabinetry. Each unit offers two spacious bedrooms upstairs, along with an updated hall bath. First floor half bath and laundry hook-up's for convenience. Both unit's have central air and heat, along with a fully fenced backyard! The left unit backyard is what dreams are made of! Call today!

6224 Geneva Way, East Norfolk

$399,900

10645562 MLS

A rare opportunity in the desirable Larchmont/Edgewater area, just 1/2 block from Old Dominion University, with views of the ODU football stadium from your front porch! Lovingly maintained by the same family for many years, this charming duplex is anything but your typical rental property. Each unit offers 2 bedrooms, 1 full bath, beautiful hardwood floors, abundant character, and private front and rear entrances. Major updates include a new roof (July 2026) and HVAC systems (2023), while separately metered utilities make ownership simple. Multi-car off-street parking in the rear is a valuable bonus. Whether you're looking to owner-occupy while generating rental income or lease both units as an investment, this versatile property offers outstanding flexibility in one of Norfolk's most convenient and sought-after locations.

1311 Melrose Parkway, West Norfolk

$299,900

10644843 MLS

Looking for a turn key rental with outstanding history and exceptionally well maintained? Brick side by side duplex with private yard for each resident. Separate meters and tenants pay all utilities except storm water $35 a month. Always a wait list for units. 2024 it had a full refresh with new paint, new flooring, new appliances, window units and more. Has central heat so you could do a heat pump but we never did and never stopped from getting top rents. Eat in kitchen with TONS of storage and a pantry AND washer and dryer connections. Under termite contract and roof is approx. 10 yrs old. This really is a wonderful long term a steady rental for building a portfolio.

5220 Kennebeck Avenue, East Norfolk

$475,000

10644623 MLS

Discover an incredible investment opportunity just minutes from East Beach! This updated duplex offers flexibility for homeowners, investors, or those seeking multigenerational living. One unit features 2 bedrooms and 1 full bath, while the second offers 2 bedrooms and 1.5 baths, providing comfortable layouts for a variety of living arrangements. Both units have been tastefully updated with spacious kitchens featuring granite countertops, abundant cabinetry, and plenty of room for cooking and entertaining. Separate entrances and two dedicated driveways provide convenience and privacy for each residence. Whether you're looking to live in one unit while renting the other to offset your mortgage, add a strong income-producing property to your portfolio, or create the perfect setup for extended family, this property offers endless possibilities. Located in a desirable Norfolk neighborhood just a short walk to the beach and only minutes from East Beach, you'll enjoy easy access to waterfront dining, shopping, military bases, parks, and major interstates. With updated interiors, versatile living options, and an unbeatable coastal location, this duplex is a rare opportunity you won't want to miss. Schedule your private showing today!

9523 18th Bay Street, North Norfolk

$345,000

10644542 MLS

Don't miss this fantastic opportunity to own a side-by-side duplex in Norfolk! Whether you're looking to expand your investment portfolio or offset your mortgage with rental income, this property offers incredible flexibility. Unit B has been recently renovated (2025) and is move-in ready, featuring an updated kitchen, updated bathroom, fresh interior paint, a new hot water heater, and a washer and dryer that convey with the unit. Unit A is tenant occupied, providing immediate rental income potential while offering the opportunity for future updates. Both units feature functional floor plans, laminate/LVP flooring, and private driveway parking, with tenants responsible for their own utilities. Recent exterior improvements include newer roofs, replacement windows, vinyl siding, new soffits (2024), and a freshly painted exterior (2026). Whether you're an investor or an owner-occupant looking to generate rental income, this duplex is ready for its next chapter. Incentives may be available through preferred partners. Contact listing agent for details and eligibility.

3231 Vimy Ridge Avenue, East Norfolk

$150,000

10644485 MLS

GREAT MULTI-FAMILY INVESTMENT PROPERTY!!! DUPLEX IN PORTSMOUTH PRICED TO SELL! OVERSIZED LOT WITH A ASPACIOUS YARD-GREAT FOR FUTURE EXPANSION!! PROPERTY SOLD AS-IS/WHERE IS!! CALL TODAY FOR A PRIVATE SHOWING!!

2200 Pearl Street, Central Portsmouth

$410,000

10644433 MLS

Investment opportunity in the heart of Olde Towne Portsmouth. This 4-unit building blends historic character with modern updates. The property features classic Victorian charm, abundant natural light, a large covered front porch, back deck, balcony, and generous outdoor space for residents to enjoy. Recent renovations include updated kitchens, bathrooms, flooring, doors, and fresh paint throughout. Upstairs Storage Area could convert to 5th Unit. Conveniently located near public transportation, including bus and ferry routes, with easy access to the Naval Shipyard, military bases, tunnels, interstates, and downtown Portsmouth. Enjoy being near local restaurants, the Children's Museum, waterfront attractions, and the popular Saturday farmers market.

444 Dinwiddie Street, Central Portsmouth

$260,000

10644377 MLS

Great investment opportunity! This duplex offers excellent potential for investors or owner-occupants. Live in one unit and rent out the other to help offset your mortgage. Both units are currently vacant, making renovations and occupancy easy to plan. Property needs repairs and is being sold as-is. Cash or rehab loan only. Roof installed in 2024. There is no electricity to this property. It is a fixer upper. Bring your vision and restore this property to its full potential!

4112 Williamson Street, Central Chesapeake

$525,000

10644199 MLS

Huge duplex with 3 bedrooms and 2 baths each in Ocean View! These spacious units are 1,328 square feet each with private back yards, three blocks to the beach! Updated and move in ready!

1012 Balview Avenue, North Norfolk

$300,000

10643938 MLS

Sought after 4-Bedroom Duplex in the Heart of Portsmouth! Bring your creative vision and turn this home with good bones into a dream investment! Each unit features spacious bedrooms, contemporary paint and flooring. Settled on an oversized corner lot with partial fence and unique unit layouts are sure to attract attention. With separate metering for all utilities, future tenant move in is effortless. Ideally situated near military bases, shipyards, naval hospitals, famous landmarks, shopping, casino and entertainment. Freeways, bridges, and tunnels are easily accessible. Contact your agent today for a showing!

1503 Elm Avenue, Central Portsmouth

$1,150,000

10643760 MLS

Just a five-minute walk to the beach in Virginia Beaches highly sought-after North-End, this unique coastal property offers a rare opportunity to own two connected residences with flexibility, privacy, character, and potential income opportunities. The primary residence (approx. 1,339 sqft) features abundant natural light, fresh paint, an updated kitchen with newer appliances, fireplaces, half bath, and a spacious primary suite with flexible space attached, private en-suite bath with jetted tub, private balcony, and rooftop terrace. A separate hallway full bathroom provides additional convenience. The adjoining residence (approx. 1,080 sqft) offers a private entrance while maintaining interior connectivity, along with an updated kitchen, newer appliances, fresh paint, two spacious bedrooms, a full bathroom provides additional, private patio, and outdoor shower. Recent improvements include completely new roof(2026), exterior paint, refreshed outdoor living spaces, updated landscaping, renovated kitchens, and newer appliances. The unique connected-yet-separate design creates possibilities for multigenerational living, guest accommodations, personal use, or potential rental income. A rare North End offering moments from the sand, combining coastal charm, versatility, and lifestyle in one of Virginia Beaches most desirable neighborhoods

207 89th Street, Northeast Virginia Beach

$350,000

10643837 MLS

Over/Under Duplex. With Recent Updates, Both Units Have 2 Bedrooms And 1 Bathroom, Central Air & Heating, And 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.

415 Middlesex Street, East Norfolk

$330,000

10643824 MLS

Come See This Side-By-Side Duplex In A Central Location Near Olde Towne, Naval Hospital, Shipyard, Port, And Interstates. With Recent Updates, Both Units Have 3 Bedrooms And 1 Bathroom, Central Air & Heating, And Tenants Pay Their Own Utilities. Inquire About This Property Today, But Please Do Not Disturb The Tenants.

827 Mt Vernon Avenue, Central Portsmouth

$700,000

10643752 MLS

Exceptional investment opportunity in Norfolk's sought-after Cottage Line neighborhood of Ocean View, just across the street from the Chesapeake Bay. This all-brick, 3,175 sq. ft. apartment building features five units, including four 1-bedroom, 1-bath apartments and one 2-bedroom, 2-bath apartment. Situated on a high-elevation lot, the property does not require flood insurance and includes a detached garage generating additional rental income, plus an off-street parking lot at 1957 E. Ocean View Ave. Each unit is separately metered for electricity, with tenants paying their own electric. When fully leased, the property generates $5,775 per month in apartment rental income, plus an additional $600 per month from the detached garage. Unit E has been updated with new luxury vinyl plank flooring, an updated kitchen, and a refreshed bathroom, and is currently vacant for immediate showings. Occupied units require a minimum of 24 hours' notice.

1957 E Ocean View Avenue, North Norfolk

$199,900

10643796 MLS

This single story side-by-side duplex offers a solid investment opportunity with multiple income-producing units. The property contains 4 bedrooms and 2 bathrooms across its layout, providing flexibility for various tenant configurations and leasing strategies. The multi-unit structure allows investors to generate revenue from separate income streams while maintaining a single property management footprint. Each unit operates independently, creating appeal to tenants seeking their own entrance and private space. The configuration supports both long-term residential leasing and owner-occupant scenarios where one unit can offset carrying costs through income from the others. Contact us to schedule a showing.

163 Choate Street, Central Portsmouth

$499,900

10643163 MLS

Rare opportunity to own a versatile and beautifully positioned triplex in Norfolk's desirable River View neighborhood! This well-maintained property offers location, flexibility, and income potential in one exceptional opportunity. Featuring three separate living spaces, this triplex provides strong rental potential and flexibility for various ownership goals, including income generation, owner occupancy, or multigenerational living. The exterior showcases durable Hardie board plank siding and a back deck, adding curb appeal and outdoor enjoyment. Apt 1 features 2 bedrooms, 1 full bathroom, a spacious living area, and full kitchen. Currently leased at $1,225/month on a month-to-month agreement, this unit provides immediate rental income with estimated market rent potential of approximately $1,500/month. Apt 2 offers a 1-bedroom efficiency layout with its own kitchen and full bathroom. Currently leased at $900/month with a one-year lease, this unit provides additional income potential with estimated market rent of approximately $1,000/month. Apt 3 is the standout renovation, showcasing exceptional craftsmanship and modern finishes throughout. This beautifully updated unit features a brand-new kitchen with custom cabinetry, quartz countertops, tiled walk-in shower, dedicated office space, and scenic Lafayette River views. With projected market rents approaching $3,700+ per month, this property offers notable future income potential while providing flexibility rarely found in today's market. The triplex layout allows for multiple possibilities, including living in one unit while generating income from additional units, creating a multigenerational living arrangement, or adding a valuable long-term real estate asset. Conveniently located near major highways, military bases, shopping, dining, and waterfront recreation, this property offers a unique combination of location, updates, versatility, and opportunity. Whether seeking additional income, flexible living options, or long-term real estate potential, this exceptional triplex is ready to impress.

244 Ethel Avenue, West Norfolk

$335,000

10643420 MLS

Live on the water while generating income in this updated waterfront duplex offers breathtaking views of the Elizabeth River. Discover the perfect combination of waterfront living, privacy, and income producing opportunity with this beautifully maintained up Over/Under duplex. Tucked away on a quiet dead-end street, this unique property features two separate units, each offering 2 bedrooms and 1 full bath. Ideal for investors, owner-occupants, or multi-generational living. Both units have been refreshed with brand-new carpeting and fresh paint throughout, creating a clean, move-in-ready atmosphere. Each floor plan offers comfortable living spaces, spacious bedrooms, a full bath, laundry room, utility closet, and functional kitchens ready for your personal touch.

124 And 126 Bruce Place, Central Portsmouth

$330,000

10643377 MLS

Great investment opportunity in Portsmouth! This spacious duplex features two separate units, each offering 2 bedrooms, 1 full bath, and approximately 1,130 square feet. Currently operating as an established Airbnb with proven rental history, this property is well suited for investors seeking short/long-term rental potential or a flexible owner-occupant setup. Interior updates include updated flooring, renovated bathrooms, and kitchens with upgraded cabinetry. The home also offers a welcoming covered front porch, separate unit entrances, and a backyard space with storage shed and room to relax or entertain. Conveniently located just two blocks from Naval Medical Center Portsmouth and minutes from Olde Towne Portsmouth, the Elizabeth River waterfront, and Downtown Norfolk. Property to be sold as-is.

238 Webster Avenue, Central Portsmouth

$320,000

10643362 MLS

Welcome to 114 Riverview Avenue, a spacious Portsmouth duplex offering flexibility and income-producing potential. Each unit features 2 bedrooms and 1 full bath, with approximately 1,700 square feet downstairs and 1,200 square feet upstairs. Currently used as an established Airbnb with proven rental history, this property presents a great opportunity for short/long-term rental or owner-occupant use. Interior highlights include updated flooring, refreshed bathrooms, kitchens with upgraded cabinetry, and generous living and dining areas. Enjoy covered front and rear porch space, a fenced backyard, and a convenient location just two blocks from Naval Medical Center Portsmouth. Also minutes from Olde Towne Portsmouth and Downtown Norfolk, this duplex is well positioned for both comfort and convenience.

114 Riverview Avenue, Central Portsmouth

$699,999

10643310 MLS

Investors, don't miss this large, well-maintained duplex on a double lot in the desirable Little England neighborhood of Hampton. Close to restaurants, entertainment, Interstates, and the Hampton Yacht Club. This duplex features two nearly identical units. Each unit has 2,000 sq ft, 4 bedrooms, 2 full baths, and 2 half baths. Both first floors feature a large living room with gas fireplace and abundant natural light. Just off the living room is the formal dining room with patio access, and spacious kitchen with recently updated appliances. Both units also feature first floor primaries with ensuite and walk-in closet. The B side has a handicap accessible first floor including primary and ensuite. Upstairs you will find beautiful hardwood floors, 3 generously sized bedrooms, half-bath, and jack-and-jill full bath. Each unit has its own patio, driveway, and shed in the large serene back yard. Roof, windows, appliances, HVAC, hot water heaters all recently updated.

4407 Victoria Boulevard, Hampton West

$1,850,000

10643308 MLS

Rare Chesapeake Bay waterfront offering with income-producing potential. This package sale includes 840 and 842 W Ocean View Ave and both properties must be sold together. The bayfront duplex captures wide water views, direct beach access, and the coastal lifestyle buyers dream about, boating, fishing, kayaking, beach walks, and beautiful sunsets right outside the door. A unique opportunity to live in one unit while rental income from the other helps offset expenses, lease both units for investment income, or explore future conversion into one waterfront residence, subject to city approvals. Excellent Norfolk location near major military installations, interstates, marinas, restaurants, shopping, beaches, and everyday conveniences. Seller can provide a termite and moisture letter. Shown by appointment only. Please do not disturb occupants. Property under video surveillance.

842 West Ocean View (A-B) Avenue, North Norfolk

$1,850,000

10643299 MLS

Strong Norfolk multifamily investment opportunity offered as part of a rare Chesapeake Bay package sale. This well-maintained four-unit property must be sold together with the adjoining bayfront duplex at 840/842 W Ocean View Ave, creating a unique blend of rental income, waterfront lifestyle, and long-term investment potential. The quadplex provides multiple rental streams in a desirable location near the Chesapeake Bay, major military installations, interstates, beaches, shopping, dining, and local conveniences. Ideal for an investor seeking income-producing property or an owner-occupant who wants to live on the Bay while rents help offset ownership expenses. Each unit has its own washer and dryer. Seller can provide a termite and moisture letter. Shown by appointment only. Please do not disturb occupants. Property under video surveillance.

840 W Ocean View Avenue, North Norfolk

$1,650,000

10643222 MLS

Back on market at no fault to seller - call for more info. Incredible investment opportunity right in the heart of Ghent! Gorgeous, historic building in an absolutely prime location within one mile of: CHKD, EVMS, Sentara Norfolk General Hospital, the Chrysler Museum, the Harrison Opera House, the Norfolk Scope Arena, and so much more! Current rents totaling $11,120 with room to increase.

324 Colonial Avenue, West Norfolk

$314,900

10642676 MLS

Turnkey duplex offering immediate rental income and flexibility for both investors and owner-occupants! The downstairs unit is currently rented for $1,600/month to a tenant who would like to remain, while the upstairs unit is being left vacant to give the next owner the option to move in or place their own tenant. Previously fully rented, the vacant unit offers strong rental potential for an investor looking to maximize income. Offering a total of 6 bedrooms and 3 full baths, the first-floor unit features 3 bedrooms and 2 baths, while the second-floor unit includes 2 bedrooms, a bonus room, and 1 full bath. Updates completed between 2023–2025 include newer flooring, carpet, paint, kitchens, baths, lighting, ductwork, crawlspace barrier, and plumbing drain lines. Additional features include separate water, gas, and electric meters, spacious porches, a 4-car driveway, and additional street parking. Live in one unit while collecting $1,600/month in rental income from the other, or lease both units and add an income-producing property to your investment portfolio. The vacant upstairs unit is easy to show and available for tours anytime. The occupied downstairs unit requires 48-hour notice.

1802 Atlanta Avenue, Central Portsmouth

$334,500

10643104 MLS

Recently updated duplex available for investors or owner occupants that want to live in one side and rent out the other! Ready for move in and you can set the rental price to maximize cash flow. Schedule your private viewing today!

607 E Pembroke Avenue, Hampton West

$750,000

10642554 MLS

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.

410 W 28th Street, West Norfolk

$1,500,000

10642053 MLS

Come and see this first! These gorgeous mostly renovated units have tons of natural light throughout and a large living room. The kitchens have newer cabinetry and stainless steel appliances. These super clean / move in ready units boast fresh paint, LVP flooring, carpet, new bathrooms, and washer / dryer hookups provided. Check this 12 plex out before it's gone! 12 Units for sale, 7/12 units currently occupied, 4 are being renovated, 1 will be left needing a full turn. There is still plenty of meat on the bone here, the current plan would leave one unit needing a full rehab.

1007 Green Street, Central Portsmouth

$1,800,000

10642016 MLS

Prime location & Investment Potential! Vacation rental is situated in the highly sought-after Chic's Beach community. The property next door is also available for purchase & operates as a licensed short-term rental (STR), giving you the opportunity to own 4 units in a row. This side-by-side duplex provides 4 spacious bedrooms, accommodating up to 12 guests comfortably. Both units recently updated including bathrooms & kitchens. Strong rental track record w/26 years of history proving plenty of repeat business. STR licensing & permits to convey to new owner. The licensed STR properties allow the permits to transfer with the sale of the property, making it easy for new owners to continue operating as STRs. Beach Access & Booking Status: Located 1 block to the beach & near CXB popular restaurants in this golf cart approved community. Enjoy endless sunrises & sunsets. Property is being sold fully furnished. Fully booked for Summer of 2026 and into September-offering immediate cash flow.

4401 Ocean View Avenue, Northwest Virginia Beach

$1,600,000

10641975 MLS

Prime Location & Investment Potential! Vacation rental is situated in the highly sought-after Chic’s Beach community. The property next door is also available for purchase & operates as a licensed short-term rental (STR), giving you the opportunity to own 4 units in a row. This over-under duplex provides 4 spacious bedrooms, accommodating up to 12 guests comfortably. Downstairs unit is ADA compliant. Both units recently updated including bathrooms & kitchens. Strong rental track record w/26 years of history proving plenty of repeat business. STR Licensing & permits to convey to new owner. The licensed STR properties allow the permits to transfer with the sale of the property. Beach Access & Booking Status: Located 1 block to the beach & near CXB popular restaurants in this golf cart approved community. Enjoy endless sunrises & sunsets. Property is being sold fully furnished. Fully booked for Summer of 2026 and into September-offering immediate cash flow.

4405 Ocean View Avenue, Northwest Virginia Beach

$349,900

10641931 MLS

Duplex Located in the Heart of Historic Portsmouth, Virginia. Fully Rehabbed Within the Past 5 Years, This Property Features a New Roof, New Windows, New HVAC Systems, Updated Flooring, and Modern Finishes Throughout. Downstairs Unit Offers 3 Spacious Bedrooms, 1.5-Bath The Upstairs Unit Also Features 3 Large Bedrooms with 1 Full Bath, Also Fully Remodeled, with Hardwood Floors and Stainless Steel Appliances. Both Units Include Washer/Dryer Hookups. Situated Near Schools, Shopping, Restaurants, and Easy Interstate Access, Current Tenant in Upstairs Unit Uses Section 8 Voucher at 1739. The Downstairs Unit is Vacant and Was Previously Renting for $1888 . Total Rental Income Potential is $3500 Per Month. *Property Also Includes 908 Holladay St (the lot beside this one).**Some Photos are not current and are from the renovation in 2022. *

922 Holladay Street, Central Portsmouth

$400,000

10641816 MLS

Side-by-side, townhouse style duplex just blocks from the beach on cul-de-sac. Each unit features 2 bedrooms, and 1 bath, with new flooring and tile baths. Well maintained throughout. One unit occupied and the other is vacant and ready! Just minutes from the beaches and local dining! Both units offer stackable washer/dryers, refrigerators, electric stoves, microwaves and dishwashers. Each has a back door leaking to a small private patio. Two dedicated sheds provide extra storage for bikes and beach chairs!

9554 Lakeside Drive, North Norfolk

$650,000

10641772 MLS

Exceptional income producing property just one block from the beach! This 4-unit apartment building features four 1BR/1BA units, all currently rented with tenants who wish to renew, providing immediate income. Appointment needed for showings. Recent updates include new mini-split HVAC systems in all units (2023), fresh interior paint (2024), new roof (2020), new PVC plumbing, new fencing, and Ring cameras that convey. Units are separately metered for gas and electric with one shared water meter. Units 1, 3, and 4 share a common washer/dryer, while Unit 2 has its own private washer/dryer plus a renovated kitchen with quartz countertops, new cabinets, and appliances (2023). Unit 3 features updated cabinets, countertops, appliances, and LVP flooring. Unit 4 includes a new tiled shower (2024). Bonus common laundry/storage room. Walk to the beach, restaurants, shopping, and public transit.

143 W Balview Avenue, North Norfolk

$434,000

10640946 MLS

Renovated over/under duplex in the heart of Portsmouth! Located with easy access to highways, bases, shopping, and restaurants. Tenants in both units, photos from when it was vacant. Unit 1 has LVP flooring throughout the main living areas. This unit has 3 bedrooms and 1.5 bathrooms, kitchen, dining area, living room, and extra space for storage. The kitchen has beautiful quartz counters and stainless appliances. Unit 2 has LVP flooring throughout the main living areas. This unit has 3 bedrooms, 2 bathrooms, kitchen, dining area, and living room. The primary bedroom has an attached bathroom. The kitchen has beautiful quartz counters, stainless appliances, and a pantry. All appliances convey. Come see it today!

273 Elm Avenue, Central Portsmouth

$850,000

10640877 MLS

Wonderful North End property with so much potential. Upstairs rent is $1500/monthly. Located on the Atlantic Ave service road, short distance to Edgar Cayce, oceanfront, Fort Story, restaurants, tourist attractions. Off street parking with driveway. Large storage room on the back has possibilities for expansion into first floor living space. Washer/dryer on second floor belongs to tenant. Survey in listing pictures. Seller will make no repairs.

6604 Atlantic Avenue, Northeast Virginia Beach

$320,000

10640811 MLS

Add this to your portfolio! Must have appointment. Both units occupied. Located just a short distance to the water. Culpeppers Boat rentals very close to enjoy a quick fishing trip or grab some steamed crabs!

121 Broad Street, Central Portsmouth

$439,900

10640266 MLS

Welcome to historic Phoebus, where timeless architecture meets coastal charm. Situated on a corner lot, this two-story home offers partial water views of Mill Creek and the Bay from the upper porch. Currently configured as a duplex, each unit features 3 bedrooms and 1 full bath, produce rental income, multi-generational living, or owner occupancy. The home could also be converted back into a spacious single-family residence with 6 bedrooms and 2 full baths. Interior features include hardwood floors, high ceilings, built-in bookshelves, and ceramic-tiled bathrooms. Outside, enjoy double covered porches, a detached garage, and a prime location near downtown Phoebus, Fort Monroe, and Buckroe Beach. The property offers tremendous potential. TLC includes a fresh coat of paint and ceiling drywall repairs related to a previous leak in the upper unit, making this a great opportunity to add value in one of Hampton's most desirable historic communities. Property sold as-is. Enjoy the water view from the top unit and top deck. Don't miss it!

226 S Willard Avenue, Hampton East

$499,900

10640205 MLS

Remarkable multifamily opportunity at 1607 E Ocean View Ave, located on a high lot directly across from the Chesapeake Bay with water views from the upstairs apartment. Ideal for owner-occupants or investors, this versatile duplex offers strong income potential in a highly desirable coastal location. The first-floor unit features a spacious 4-bedroom, 2-bath layout with large, airy rooms and high ceilings throughout. The kitchen offers abundant cabinetry, a pantry, and excellent workspace for everyday living. Generously sized bedrooms and well-proportioned living and dining areas provide comfortable functionality. The unit also includes its own washer/dryer hookups for added convenience. The upper level is a separate 1-bedroom apartment with water views, remodeled in 2016, offering a private and well-maintained multifunctional space. Each unit is separately equipped, making this property ideal for dual occupancy or rental income strategies. Extensive updates provide peace of mind, including a new sewer line from house to street (2019), complete electrical rewiring, sealed crawl space, new garbage disposal, Google smart thermostat, new flooring, and updated appliances in Unit 1. Bathrooms feature new toilets, lighting, mirrors, and faucets. A newly installed ADT security system with cameras and door/window sensors enhances security. Exterior highlights include a private backyard and ample off-street parking. The location offers exceptional convenience—just steps from the Chesapeake Bay, beaches, and coastal recreation, and a short drive to Naval Station Norfolk. Rare opportunity to own a duplex just steps from the bay with income-producing potential and numerous upgrades throughout!

1607 E Ocean View Avenue, North Norfolk

$350,000

10639458 MLS

Investor and owner-occupant opportunity in a designated Portsmouth Opportunity Zone. This 2-story duplex unlocks flexible income potential: run it as a traditional two-unit rental, or convert to the co-living model it was originally designed for, with up to 3 rentable rooms (2 up + 1 down). At approximately $800 per room market rent, the by-the-room scenario projects roughly $2,400 per month in gross potential income, giving an investor two paths to a strong cash-on-cash return. Three bedrooms and 2.5 baths across two stacked units. 2025 upgrades include luxury vinyl plank flooring and ductless mini-split systems, plus forced-air heat and central air. Eat-in kitchen, fireplace, covered patio, wood deck, fenced backyard, and a detached storage outbuilding. Low-maintenance vinyl and brick exterior. Public transportation is on the corner; the surrounding area is improving. All appliances convey.

1909 High Street, Central Portsmouth

$625,000

10638682 MLS

Rare opportunity to acquire a well-maintained 5-unit multifamily property in the heart of Portsmouth's highly sought-after Olde Towne Historic District. The property consists of two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, offering an attractive unit mix that appeals to a broad tenant base. Positioned in one of Hampton Roads' most desirable neighborhoods, the property is just blocks from the Elizabeth River waterfront, Portsmouth-Norfolk Ferry, restaurants, coffee shops, museums, parks, and entertainment venues. Surrounded by major employment centers including Naval Medical Center Portsmouth, Norfolk Naval Shipyard, and Rivers Casino Portsmouth, the asset benefits from strong and consistent rental demand. Select units convey furnished, creating additional upside through furnished, mid-term, or executive rental strategies. Combining stable cash flow, a proven rental history, limited local multifamily inventory, and long-term appreciation potential, this turnkey asset presents an exceptional opportunity for investors seeking both current income and future growth in a supply-constrained waterfront market.?

367 Middle Street, Central Portsmouth

$389,000

10639013 MLS

Beautifully renovated duplex in Norfolk's Willoughby Terrace! New flooring throughout, new cabinets, countertops and appliances. This over/under duplex has a large shared backyard. Blocks from the beach, bases and interstate. Great investment opportunity! Upstairs will be vacant in September.

9220 Atwood Avenue, North Norfolk

$425,000

10638051 MLS

Excellent investment property located just two blocks from Old Dominion University and one short block from Old Dominion Village, providing convenient access to a variety of shops, restaurants, and local amenities. This duplex is ideally situated to attract student tenants due to its close proximity to campus. The property features two units in an upstairs/downstairs configuration, with each unit offering two bedrooms and one bathroom and all new exterior siding. Both units are currently leased, with one lease operating on a month-to-month basis, offering flexibility for a future owner-occupant or investor.

856 W 43rd Street, West Norfolk

$1,190,000

10637846 MLS

Rare opportunity to own a triplex in the heart of the Virginia Beach Oceanfront area. Situated on 16th Street just three blocks from the beach, this property offers exceptional flexibility for investors, owner-occupants, or those seeking income-producing potential. The main residence features 3 bedrooms and 2 bathrooms on the first level, while the second-floor unit offers 2 bedrooms and 1 bathroom. An additional 1-bedroom, 1-bath apartment provides even more rental possibilities. Located within the Short-Term Rental Overlay District, buyers should perform their own due diligence regarding short-term rental requirements and approvals. Enjoy close proximity to the beach, boardwalk, dining, shopping, entertainment, and everything the Oceanfront has to offer. Opportunities like this in such a desirable location are hard to find.

316 16th Street, Northeast Virginia Beach

$750,000

10637678 MLS

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.

540 Ashlawn Drive, North Norfolk

$750,000

10637677 MLS

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.

511 Ashlawn Drive, North Norfolk

$1,895,000

10636540 MLS

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.

1006 Brandon Avenue, West Norfolk

$1,950,000

10636533 MLS

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.

1414 Hampton Boulevard, West Norfolk

$375,000

10636160 MLS

Welcome to 739 and 741 S Rosemont! Built in 1999, it has newer plumbing and electrical than most duplexes in the area, located in central Virginia Beach. Both units are 2 bedroom and 1.5 bathrooms. Identical layout side x side. •Roof- is in good shape •HVAC- been maintained and replaced •Water heater replaced in 741 •Front and back doors were replaced recently at each unit. Both units are tenant occupied by great and easy going long time tenants, always pay on time! Both are currently on Month to Month leases and prepared to leave but would prefer to stay. Rent Roll available upon request. Sold As Is.

739 S Rosemont Road, South Central 1 Virginia Beach

$1,100,000

10636032 MLS

The Marl Inn Bed & Breakfast is a rare turnkey boutique inn in the heart of historic Yorktown, set on .5 AC double lot just steps from Yorktown Beach, Riverwalk, Colonial National Historical Park Visitor Center, and the American Revolution Museum. 1 of only 3 lodging properties within Yorktown’s historic core, this owner-operated inn offers a unique hospitality investment in a high-demand destination. 5 guest suites each feature ensuite baths and individual HVAC; 3 include full kitchens, and four have private exterior entrances, creating sought-after apartment-style accommodations with exceptional guest privacy. A spacious owner’s quarters allows comfortable on-site living without impacting income potential. Built in 1978, the Colonial-style property offers modern windows, central air/mini-splits, and public water/sewer for efficient operation. Positioned in the center of upcoming VA250 celebrations through 2031, Yorktown is poised for increased tourism, visibility and growth.

220 Church Street, York County North

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