Norfolk, VA Apartment Buildings for Sale

List

Map

Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA

40 properties

Sort:

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

This listing looks promising.

Here's a quick look at some key insights for

350 Staten Street, Norfolk, VA 23503

View Property Analytics

Est. Cap Rate

3.1%
NOI ÷ price
Est. NOI

$44K
Annual
Price @ 7% Cap

$622K
Suggested
Property Type

Apartments (Generic)
Built 1970

View Property Analytics

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

View details

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.

View details

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.

View details

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

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.

View details

Norfolk Multifamily Investment Opportunity

717 Guy Ave, Norfolk, VA 23505

$4,000,000

2.08 AC lot

32-unit apartment building in Norfolk, Virginia.

View details

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.

View details

Furnished Apartment Portfolio

9627 14th Bay St, Norfolk, VA 23518

Contact for pricing

42,540 sqft 1.55 AC lot

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

View details

Multifamily Apartment Portfolio

9631 SALEM ST, Norfolk, VA 23503

Contact for pricing

10,800 sqft 2.83 AC lot

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

View details

Historic Multifamily with Balconies

1000 Westover Avenue, Norfolk, VA 23507

Contact for pricing

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.

View details

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.

View details

Renovated Multifamily Building Near Ocean

350 Staten St, Norfolk, VA 23503

$1,390,000

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

View details

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.

View details

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.

View details

32-Unit Apartment Building Portfolio

1240 W Ocean View Ave, Norfolk, VA 23503

Contact for pricing

32,400 sqft 0.99 AC lot

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

View details

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.

View details

Eighteen-Unit One-Bedroom Apartment

9324 1st View St, Norfolk, VA 23503

Contact for pricing

9,896 sqft 0.40 AC lot

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

View details

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.

View details

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.

View details

6-Unit Apartment Building

930 Pollard St, Norfolk, VA 23504

$424,800

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

View details

Remodeled 6-Unit Apartment Building

1005 Hillside Ave, Norfolk, VA 23503

$970,000

Updated interiors and separate utility metering support straightforward property management.

View details

Six-Unit Brick Apartment Building

1419 Goff St, Norfolk, VA 23504

$795,000

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

View details

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.

View details

Two-Story Multifamily Apartment Building

2412 Azalea Garden Road, Norfolk, VA 23513

Contact for pricing

1.15 AC lot

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

View details

Norfolk, VA Apartment Buildings Market Trends and Statistics

Explore 60 apartment buildings for sale in Norfolk, VA, showcased through 40 active listings on our real estate platform. These investment opportunities span a total of 225,425 square feet of properties for sale, with an estimated market value of $24,750,400.

Sale prices for two-family homes in Norfolk, VA start at $424,800, averaging $1,650,026, 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.

List

Map

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
23502	$1.1M
23504	$1.3M
23503	$1.4M
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)

Property Size Breakdown

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

Need Help?

Reach out if you need assistance with Realmo tools or have questions about your listings