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    Norfolk, VA
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    Norfolk, VA Apartment Buildings for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA Smithfield, VA
    13 properties
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    Renovation-Needed Multifamily Building
    Updated: Jun 15
    Renovation-Needed Multifamily Building

    915 W 26th Street, Norfolk, VA 23517

    $600,000
    3,168 sqft 0.13 AC lot
    Shingle roof
    Can also be sold with MLS#10639859
    Another connected parcel may be available from the city for future developments
    Owner financing may be considered with right terms and a minimum of 10% down
    Apartment complex on the block could be renovated to restore/bring back to life
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    This listing looks promising.

    Here's a quick look at some key insights for

    915 W 26th Street, Norfolk, VA 23517

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    • Est. Cap Rate

      6.2%
      Above avg (5.9%)

    • Est. NOI

      $37K
      Annual

    • Mortgage

      $344K
      Aug 2007

    • Last Sold

      Dec 2016
      $300K

    • Property Type

      Industrial (General)
      Built 1940
    View Property Analytics
    All-Brick Eight-Unit Apartment Building
    Updated: Mar 12
    All-Brick Eight-Unit Apartment Building

    350 Staten Street, Norfolk, VA 23503

    $1,390,000
    3,700 sqft 0.16 AC lot
    All‑brick, fully renovated 8‑unit apartment building (8 units occupied)
    Each unit remodeled with new windows, custom cabinets, and granite countertops
    New appliances included in each unit; electric water heater; public water and public sewer
    On‑site laundry and assigned parking; fenced with privacy fencing
    Asphalt roof; brick and drywall construction; built in 1970
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    Mixed-Use Retail and Residential Building
    Mixed-Use Retail and Residential Building

    5010 Princess Anne Road E, Norfolk, VA 23502

    $1,949,800
    17,500 sqft 0.45 AC lot

    Mixed-use property with retail and residential units plus office space, sold as-is with 100% occupancy.

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

    2811-2815 Colonial Avenue, Norfolk, VA 23508

    $1,900,000
    19,545 sqft 0.86 AC lot

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

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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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    Norfolk Multifamily Investment Opportunity
    Norfolk Multifamily Investment Opportunity

    9631 Salem St, Norfolk, VA 23503

    $2,610,000
    2.83 AC lot

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

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    Norfolk Multifamily Investment Opportunity
    Norfolk Multifamily Investment Opportunity

    230 E 40th St, Norfolk, VA 23504

    $3,195,000
    0.33 AC lot

    16-unit multifamily community in Norfolk, Virginia.

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    Norfolk Multifamily Investment Opportunity
    Norfolk Multifamily Investment Opportunity

    1208 W Ocean View Ave, Norfolk, VA 23503

    $1,800,000
    4,347 sqft 0.46 AC lot

    Thirteen-unit multifamily property in Norfolk, Virginia.

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    Norfolk Multifamily Investment Opportunity
    Norfolk Multifamily Investment Opportunity

    717 Guy Avenue, Norfolk, VA 23505

    Contact for pricing
    21,300 sqft 2.08 AC lot

    32-unit apartment building in Norfolk, VA, built in 1985.

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    Renovated Multifamily Building Near Ocean
    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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    Value-Add Multifamily Opportunity
    Value-Add Multifamily Opportunity

    1315 Little Bay Ave, Norfolk, VA 23503

    $1,500,000

    12-unit multifamily property with value-add potential in Norfolk, VA.

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    Multifamily Portfolio in Norfolk, VA
    Multifamily Portfolio in Norfolk, VA

    1721 E Ocean View Ave, Norfolk, VA 23503

    Contact for pricing

    103-unit multifamily portfolio across ten locations in Norfolk, Virginia.

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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 41 Potential Opportunities for your consideration. Besides 13 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 20 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Condos with Deeded Boat Slips
    Waterfront Condos with Deeded Boat Slips

    301/302 S Water Street, Elizabeth City, NC 27909

    $949,000
    3,618 sqft

    Unique waterfront condos with deeded boat slips and rooftop decks.

    View details
    Renovated Mixed-Use Property For Sale
    Renovated Mixed-Use Property For Sale

    606 E Fearing St, Elizabeth City, NC 27909

    $735,000
    3,414 sqft

    Downtown Elizabeth City commercial and residential units, fully renovated in 2022.

    View details
    Seventeen-Unit Multifamily Portfolio
    Seventeen-Unit Multifamily Portfolio

    10710 Jefferson Ave, Newport News, VA 23601

    $1,550,000
    0.32 AC lot

    Seventeen units in Newport News, Virginia.

    View details
    River Park Tower Multifamily Opportunity
    River Park Tower Multifamily Opportunity

    2601 West Ave, Newport News, VA 23607

    Contact for pricing

    184-unit high-rise with James River views in Newport News.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

    View details
    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    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

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

    117 City Hall Ave, Norfolk, VA 23510-1733

    $10,925,000
    Estimated value
    61,038 sqft 0.22 AC lot
    View details
    4601 Mayflower Rd
    HIGH-RISE APARTMENTS

    4601 Mayflower Rd, Norfolk, VA 23508-2749

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

    7000 Auburn Ave, Norfolk, VA 23513-1106

    $40,695,000
    Estimated value
    170,152 sqft 6.07 AC lot
    View details
    130 Brooke Ave
    HIGH-RISE APARTMENTS

    130 Brooke Ave, Norfolk, VA 23510-1804

    $16,740,000
    Estimated value
    14,250 sqft 0.38 AC lot
    View details
    330 Brambleton Ave
    HIGH-RISE APARTMENTS

    330 Brambleton Ave, Norfolk, VA 23510-1325

    $31,055,000
    Estimated value
    337,760 sqft 5.12 AC lot
    View details
    601 Pembroke Ave
    HIGH-RISE APARTMENTS

    601 Pembroke Ave, Norfolk, VA 23507-2060

    $17,155,000
    Estimated value
    184,884 sqft 2.97 AC lot
    View details
    269 York St
    HIGH-RISE APARTMENTS

    269 York St, Norfolk, VA 23510-1532

    $4,700,000
    Estimated value
    47,915 sqft 0.18 AC lot
    View details
    9621 Chesapeake Blvd
    HIGH-RISE APARTMENTS

    9621 Chesapeake Blvd, Norfolk, VA 23503-1849

    $930,000
    Estimated value
    7,240 sqft 2.80 AC lot
    View details
    6249 Alexander St
    Multifamily properties

    6249 Alexander St, Norfolk, VA 23513

    Value Estimation by Request
    4,672 sqft 0.23 AC lot
    View details
    337 Bute St
    Multifamily properties

    337 Bute St, Norfolk, VA 23510

    Value Estimation by Request
    12,000 sqft 0.22 AC lot
    View details

    Norfolk, VA Apartment Buildings Market Trends and Statistics

    Explore 33 apartment buildings for sale in Norfolk, VA, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 48,260 square feet of properties for sale, with an estimated market value of $7,639,800.

    Sale prices for two-family homes in Norfolk, VA start at $600,000, averaging $1,527,960, and reaching up to $1,949,800 — 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
    23517 $699K
    23523 $925K
    23503 $1.8M
    23502 $1.9M
    23508 $2.2M

    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 pricing trends across core commercial property types in Norfolk city

    Office

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Norfolk, VA

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

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