Norfolk County, VA Apartment Buildings for Sale

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36 properties

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Updated: Mar 12

Renovated 8-Unit Apartment Building

350 Staten Street, Norfolk, VA 23503

$1,390,000

3,700 sqft 0.16 AC lot

8‑unit apartment building with 3,700 square feet on a 0.1607‑acre lot
All eight units occupied; two are operated as mid‑term rentals
Remodeled units include furnishings, granite countertops, custom cabinets, new appliances, and new windows
Brick construction with an asphalt roof and privacy fencing
On‑site laundry and assigned parking

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350 Staten Street, Norfolk, VA 23503

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Est. Cap Rate

3.1%
NOI ÷ price
Est. NOI

$44K
Annual
Price @ 7% Cap

$622K
Suggested
Property Type

Apartments (Generic)
Built 1970

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Updated: Nov 29, 2025

Mixed-Use Building with Retail

5010 Princess Anne Road E, Norfolk, VA 23502

$1,149,800

17,500 sqft 0.45 AC lot

17,500 square feet on a 0.45‑acre parcel
Six residential units, seven retail spaces, and two offices
C‑C zoning at 5010 Princess Anne Road E, Norfolk, VA 23502
Existing retail operations include a florist, salons, and a fully equipped restaurant
Built in 1932 with a shingle roof

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Mixed-Use Property with Retail

5010 Princess Anne Rd E, Norfolk, VA 23502

$1,149,800

17,500 sqft

Two-level configuration combines commercial spaces with residential tenants in an established Norfolk property.

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Mixed-Use Property in Norfolk, VA

2811 Colonial Ave, Norfolk, VA 23508

$1,900,000

0.86 AC lot

Eleven units, single-family home, and retail space for sale.

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Norfolk Multifamily Investment Opportunity

9631 Salem St, Norfolk, VA 23503

$2,556,000

2.83 AC lot

Eighteen-unit multifamily property in Norfolk, Virginia, on 2.83 acres.

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Norfolk Multifamily Investment Opportunity

717 Guy Ave, Norfolk, VA 23505

$4,000,000

2.08 AC lot

32-unit apartment building in Norfolk, Virginia.

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20-Unit Apartment Building

171 W Balview Ave, Norfolk, VA 23503

$2,699,000

0.24 AC lot

Two-story multifamily property offering a mix of one- and two-bedroom residences in Norfolk.

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Multifamily Apartment Portfolio

9631 SALEM ST, Norfolk, VA 23503

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10,800 sqft 2.83 AC lot

Eighteen one-bedroom, one-bath units in a 1955-built multifamily portfolio on 2.83 acres.

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Historic Multifamily with Balconies

1000 Westover Avenue, Norfolk, VA 23507

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18,060 sqft 0.32 AC lot

18-unit apartment building with renovated kitchens, refurbished hardwood floors, 9-foot ceilings, and on-site laundry facilities.

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Norfolk Mixed-Use Investment Opportunity

2811-2815 Colonial Avenue, Norfolk, VA 23508

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19,545 sqft 0.86 AC lot

Eleven units, single-family home, and retail space for sale.

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Renovated Multifamily Building Near Ocean

350 Staten St, Norfolk, VA 23503

$1,390,000

Fully renovated, eight-unit apartment building near Ocean View Pier.

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12-Unit Brick Apartment Building

1414 Hampton Blvd, Norfolk, VA 23507

$1,950,000

Three-story garden-style property with two-bedroom residences in Norfolk’s Ghent neighborhood.

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Norfolk Multifamily Investment Opportunity

230 E 40th St, Norfolk, VA 23504

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32,793 sqft 0.33 AC lot

16-unit multifamily community in Norfolk, Virginia.

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Townhome-Style Apartment Building

307 W Little Creek Rd, Norfolk, VA 23505

$1,400,000

Ten-unit multifamily property with spacious two-bedroom, one-bath townhome-style apartments and upgraded finishes.

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Eighteen-Unit One-Bedroom Apartment

9324 1st View St, Norfolk, VA 23503

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9,896 sqft 0.40 AC lot

Well-kept 18-unit multifamily property featuring one-bedroom, one-bathroom apartments built in 1978.

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5-Unit Apartment Building with Garage

1957 E Ocean View Ave, Norfolk, VA 23503

$700,000

All-brick multifamily property with off-street parking, a detached garage, and separately metered apartment electricity.

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The Mercer 8-Unit Apartment Building

740 W Princess Anne Rd, Norfolk, VA 23517

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16,344 sqft

Historic multifamily property near Downtown Norfolk and several major medical institutions.

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Remodeled 6-Unit Apartment Building

1005 Hillside Ave, Norfolk, VA 23503

$970,000

Updated interiors and separate utility metering support straightforward property management.

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Furnished Apartment Portfolio

9627 14th Bay St, Norfolk, VA 23518

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42,540 sqft 1.55 AC lot

Eight-property multifamily portfolio operated with furnished mid-duration rentals and updated interior and building systems.

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16-Unit Condo-Converted Apartment Building

831 W Ocean View Avenue, Norfolk, VA 23503

$2,550,000

Condominium conversion with R-12 zoning in Norfolk’s Ocean View area, near the beach and local dining.

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Two-Story Multifamily Apartment Building

2412 Azalea Garden Road, Norfolk, VA 23513

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1.15 AC lot

Southern Park II offers 24 market-rate units across two two-story buildings on 1.15 acres.

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Norfolk Multifamily Investment Opportunity

1208 W Ocean View Ave, Norfolk, VA 23503

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4,347 sqft 0.46 AC lot

Thirteen-unit multifamily property in Norfolk, Virginia.

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8-Unit Apartment Building

740-742 West Princess Anne Road, Norfolk, VA 23517

$2,425,000

Historic multifamily property near Downtown Norfolk, major medical institutions, and the Ghent submarket.

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Residential Apartment Portfolio

771 Sheppard Ave, Norfolk, VA 23518

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2.29 AC lot

Portfolio includes thirteen total units across eight buildings on 2.29 acres.

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Norfolk County, VA Apartment Buildings Market Trends and Statistics

Explore 37 apartment buildings for sale in Norfolk County, VA, showcased through 36 active listings on our real estate platform. These investment opportunities span a total of 193,025 square feet of properties for sale, with an estimated market value of $27,449,600.

Sale prices for two-family homes in Norfolk County, VA start at $425,000, averaging $1,715,600, and reaching up to $4,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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