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    Norfolk, VA
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    Norfolk, VA Apartment Buildings for Sale

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    20 properties
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    Renovated 8-Unit Apartment Building
    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
    View details
    Mixed-Use Building with Retail
    Updated: Nov 29, 2025
    Mixed-Use Building with Retail

    5010 Princess Anne Road E, Norfolk, VA 23502

    $2,149,849
    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
    Mixed-Use Property with Retail

    5010 Princess Anne Rd E, Norfolk, VA 23502

    $2,149,849
    17,500 sqft

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

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    See hot listings in Norfolk

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Renovated Multifamily Building Near Ocean
    Renovated Multifamily Building Near Ocean

    350 Staten St, Norfolk, VA 23503

    $1,390,000
    3,700 sqft

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

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    Apartment Building with Carriage House
    Apartment Building with Carriage House

    607 W Princess Anne Rd, Norfolk, VA 23517

    $869,000
    4,300 sqft

    Six residences span the main building and a carriage house with studio apartments.

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    Mixed-Use Property in Norfolk, VA
    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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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    Eighteen-Unit One-Bedroom Apartment
    Eighteen-Unit One-Bedroom Apartment

    9324 1st View St, Norfolk, VA 23503

    $2,325,000
    0.40 AC lot

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

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    Norfolk Multifamily Investment Opportunity
    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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    The Mercer 8-Unit Apartment Building
    The Mercer 8-Unit Apartment Building

    740 W Princess Anne Rd, Norfolk, VA 23517

    Contact for pricing
    16,344 sqft

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

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    10-Unit Brick Apartment Building
    10-Unit Brick Apartment Building

    734 Johnson Ave, Norfolk, VA 23504

    $1,150,000

    Nine apartments are occupied, while one unit remains available for lease.

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    Norfolk Mixed-Use Investment Opportunity
    Norfolk Mixed-Use Investment Opportunity

    2811-2815 Colonial Avenue, Norfolk, VA 23508

    Contact for pricing
    19,545 sqft 0.86 AC lot

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

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    12-Unit Brick Apartment Building
    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
    Norfolk Multifamily Investment Opportunity

    230 E 40th St, Norfolk, VA 23504

    Contact for pricing
    32,793 sqft 0.33 AC lot

    16-unit multifamily community in Norfolk, Virginia.

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    Townhome-Style Apartment Building
    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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    8-Unit Apartment Building
    8-Unit Apartment Building

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

    $2,400,000

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

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    6-Unit Apartment Building
    6-Unit Apartment Building

    930 Pollard St, Norfolk, VA 23504

    $420,000

    Partially completed interiors feature finished bathrooms and flooring, with kitchen work remaining.

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    Remodeled 6-Unit Apartment Building
    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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    Six-Unit Brick Apartment Building
    Six-Unit Brick Apartment Building

    1419 Goff St, Norfolk, VA 23504

    $795,000

    Two-story brick apartment property with off-street parking in Norfolk.

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    24-Unit Apartment Building
    24-Unit Apartment Building

    2500 Leo St, Norfolk, VA 23504

    $2,550,000

    Consistent two-bedroom, one-bath layouts across a single-location multifamily property.

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    Multifamily Residential Building
    Multifamily Residential Building

    2107 Pretty Lake Avenue, Norfolk, VA 23518

    Contact for pricing

    Residential income property offered for sale in Norfolk, VA, for investors or operators seeking rental ownership.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 20 Active Listings in Norfolk, VA, we suggest to view alternatives - similar 20 Off-Market properties to explore as potential leads.

    Off-Market Properties in Norfolk, VA

    Consider similar Off-Market properties in Norfolk, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    229 Bute St
    HIGH-RISE APARTMENTS

    229 Bute St, Norfolk, VA 23510-1405

    Estimated value:
    $21,500,000
    107,400 sqft 0.38 AC lot
    View details
    117 City Hall Ave
    HIGH-RISE APARTMENTS

    117 City Hall Ave, Norfolk, VA 23510-1733

    Estimated value:
    $13,155,000
    61,038 sqft 0.22 AC lot
    View details
    4601 Mayflower Rd
    HIGH-RISE APARTMENTS

    4601 Mayflower Rd, Norfolk, VA 23508-2749

    Estimated value:
    $28,610,000
    170,364 sqft 2.58 AC lot
    View details
    7000 Auburn Ave
    HIGH-RISE APARTMENTS

    7000 Auburn Ave, Norfolk, VA 23513-1106

    Estimated value:
    $40,695,000
    170,152 sqft 6.07 AC lot
    View details

    Norfolk, VA Apartment Buildings Market Trends and Statistics

    Explore 40 apartment buildings for sale in Norfolk, VA, showcased through 20 active listings on our real estate platform. These investment opportunities span a total of 115,382 square feet of properties for sale, with an estimated market value of $27,808,698.

    Sale prices for apartment complexes in Norfolk, VA start at $420,000, averaging $1,738,043, 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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    Demographics Overview

    Population 235K
    Population Growth (5Y) -4.3%
    Median Household Income $64,747
    College Educated 29.0%

    High-Yield Neighborhoods for Investment

    Identify Norfolk submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23504 $1.3M
    23503 $1.6M
    23517 $1.6M
    23508 $1.9M
    23507 $2M

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $9.43 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Norfolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Norfolk city

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Norfolk fall within the 100,000+ square foot range.

    How Realmo verifies these figures

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    Popular Searches in Norfolk, VA

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    Most Searched ZIP Codes in Norfolk, VA

    • 23504
    • 23503
    • 23517
    • 23502
    • 23505
    • 23508
    • 23507
    • 23518

    Featured Norfolk Real Estate Agencies

    Realmo connects you with licensed Norfolk CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Judy Boone Realty
    809 E. Ocean View Avenue Norfolk, VA 23503
    Phone: 17575872800
    www.judyboonerealty.com
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