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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
    14 results
    Renovated Multifamily Building Near Beach
    $1,390,000
    3,700 SF

    Renovated Multifamily Building Near Beach

    350 Staten Street, Norfolk, VA 23503

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

    • Fully renovated, fully furnished eight‑unit apartment building providing immediate cash flow.
    • Prime location steps from Ocean View Pier and the beach.
    • All units occupied, with two units successfully operating as mid‑term rentals.
    • Meticulously remodeled units featuring custom cabinets, granite countertops, and new appliances.
    • Low‑maintenance investment: all brick construction, new windows, on‑site laundry, and assigned parking.
    Updated: Mar 12
    View details
    Mixed-Use Property in Norfolk, VA
    $2,200,000
    0.86 Acres

    Mixed-Use Property in Norfolk, VA

    2811 Colonial Ave, Norfolk, VA 23508

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

    • Diverse Unit Mix: Includes one‑bedroom, two‑bedroom, single‑family home (SFH), and retail space.
    • Investment Opportunity: Property consists of eleven units plus a SFH and a retail space.
    • Sizeable Lot: Situated on a 0.86‑acre lot.
    • Established Location: Located on Colonial Avenue & W 29th Street in Norfolk, VA.
    • Historical Building: Buildings constructed in 1910 and 1981.
    Updated: May 18
    View details
    Renovated Multifamily Building Near Ocean
    $1,390,000

    Renovated Multifamily Building Near Ocean

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

    350 Staten St, Norfolk, VA 23503
    View details
    Norfolk Multifamily Investment Opportunity
    $4,000,000
    2.08 Acres

    Norfolk Multifamily Investment Opportunity

    32-unit apartment building in Norfolk, Virginia.

    717 Guy Ave, Norfolk, VA 23505
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    Norfolk Multifamily Investment Opportunity
    $2,700,000
    2.83 Acres

    Norfolk Multifamily Investment Opportunity

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

    9631 Salem St, Norfolk, VA 23503
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    Norfolk Multifamily Investment Opportunity
    $3,375,000
    0.33 Acres

    Norfolk Multifamily Investment Opportunity

    16-unit multifamily community in Norfolk, Virginia.

    230 E 40th St, Norfolk, VA 23504
    View details
    Brick Apartment Building Value-Add Opportunity
    $925,000
    9,536 SF

    Brick Apartment Building Value-Add Opportunity

    12-unit brick apartment building with value-add potential in Norfolk.

    516-522 Dinwiddie St, Norfolk, VA 23523
    View details
    Mixed-Use Development in Downtown Norfolk
    Contact for pricing
    50,000 SF

    Mixed-Use Development in Downtown Norfolk

    Vibrant mixed-use property with retail, apartments, and parking.

    440 Monticello Ave, Norfolk, VA 23510
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    Multifamily Portfolio in Norfolk, VA
    Contact for pricing

    Multifamily Portfolio in Norfolk, VA

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

    1721 E Ocean View Ave, Norfolk, VA 23503
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    Norfolk Mixed-Use Investment Opportunity
    $2,200,000
    19,545 SF

    Norfolk Mixed-Use Investment Opportunity

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

    2811-2815 Colonial Avenue, Norfolk, VA 23508
    View details
    Norfolk Multifamily Investment Opportunity
    $3,375,000
    32,793 SF

    Norfolk Multifamily Investment Opportunity

    16-unit multifamily community in Norfolk, Virginia.

    230 E 40th St, Norfolk, VA 23504
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    Norfolk Multifamily Investment Opportunity
    $1,800,000
    4,347 SF

    Norfolk Multifamily Investment Opportunity

    Thirteen-unit multifamily property in Norfolk, Virginia.

    1208 W Ocean View Ave, Norfolk, VA 23503
    View details
    Value-Add Multifamily Opportunity
    $1,500,000

    Value-Add Multifamily Opportunity

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

    1315 Little Bay Ave, Norfolk, VA 23503
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    Norfolk Multifamily Investment Opportunity
    Contact for pricing
    21,300 SF

    Norfolk Multifamily Investment Opportunity

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

    717 Guy Avenue, Norfolk, VA 23505
    View details
    Based on your search, we've compiled 42 Potential Opportunities for your consideration. Besides 14 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.

    Poquoson Income-Producing Property
    $1,995,000
    5,290 SF

    Poquoson Income-Producing Property

    13-unit property on 2.08 acres in Poquoson, Virginia.

    1221 Poquoson Avenue, Poquoson, VA 23662
    View details
    Former YMCA Commercial Building
    $299,900
    5,415 SF

    Former YMCA Commercial Building

    Commercial building in Newport News with revitalization potential.

    2702 Orcutt Avenue, Newport News, VA 23607
    View details
    Newport News Multifamily Investment Opportunity
    $1,700,000
    11,050 SF

    Newport News Multifamily Investment Opportunity

    Seventeen-unit portfolio in Newport News, Virginia.

    10710 Jefferson Ave, Newport News, VA 23601
    View details
    Poquoson Mixed-Use Development For Sale
    $4,900,000
    20,000 SF

    Poquoson Mixed-Use Development For Sale

    Mixed-use property with retail, office, and residential units.

    200 Fountains Ln, Poquoson, VA
    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.

    La Plata Land For Sale
    $250,000
    0.23 Acres

    La Plata Land For Sale

    0.23 acre parcel in La Plata, zoned CB.

    107 HOWARD Street, La Plata, MD 20646
    View details
    Land Near Shepherd University
    $650,000
    3.70 Acres

    Land Near Shepherd University

    Prime land near Shepherd University with development potential.

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443
    View details
    Multifamily Development Opportunity in Charlotte
    $559,700
    0.47 Acres

    Multifamily Development Opportunity in Charlotte

    Prime 0.47-acre parcel zoned for multifamily development near UNC Charlotte.

    4312 Tantilla Circle, Charlotte, NC 28215
    View details
    Brooklyn Two-Family Home with Development Potential
    $1,888,888
    2,660 SF

    Brooklyn Two-Family Home with Development Potential

    Two-family home on a large lot with significant development potential.

    69 Martense Street, Brooklyn, NY 11226
    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
    107,400 SF Lot: 0.38 Acres
    Estimated value
    $21,500,000

    229 Bute St, Norfolk, VA 23510-1405

    View details
    117 City Hall Ave
    HIGH-RISE APARTMENTS
    61,038 SF Lot: 0.22 Acres
    Estimated value
    $10,925,000

    117 City Hall Ave, Norfolk, VA 23510-1733

    View details
    4601 Mayflower Rd
    HIGH-RISE APARTMENTS
    170,364 SF Lot: 2.58 Acres
    Estimated value
    $28,610,000

    4601 Mayflower Rd, Norfolk, VA 23508-2749

    View details
    7000 Auburn Ave
    HIGH-RISE APARTMENTS
    170,152 SF Lot: 6.07 Acres
    Estimated value
    $40,695,000

    7000 Auburn Ave, Norfolk, VA 23513-1106

    View details
    130 Brooke Ave
    HIGH-RISE APARTMENTS
    14,250 SF Lot: 0.38 Acres
    Estimated value
    $16,740,000

    130 Brooke Ave, Norfolk, VA 23510-1804

    View details
    330 Brambleton Ave
    HIGH-RISE APARTMENTS
    337,760 SF Lot: 5.12 Acres
    Estimated value
    $31,055,000

    330 Brambleton Ave, Norfolk, VA 23510-1325

    View details
    601 Pembroke Ave
    HIGH-RISE APARTMENTS
    184,884 SF Lot: 2.97 Acres
    Estimated value
    $17,155,000

    601 Pembroke Ave, Norfolk, VA 23507-2060

    View details
    269 York St
    HIGH-RISE APARTMENTS
    47,915 SF Lot: 0.18 Acres
    Estimated value
    $4,700,000

    269 York St, Norfolk, VA 23510-1532

    View details
    9621 Chesapeake Blvd
    HIGH-RISE APARTMENTS
    7,240 SF Lot: 2.80 Acres
    Estimated value
    $930,000

    9621 Chesapeake Blvd, Norfolk, VA 23503-1849

    View details
    6249 Alexander St
    Multifamily properties
    4,672 SF Lot: 0.23 Acres
    Value Estimation by Request

    6249 Alexander St, Norfolk, VA 23513

    View details

    Norfolk, VA Apartment Buildings Investment Opportunities Market Analysis

    Explore 34 apartment buildings for sale in Norfolk, VA, showcased through 14 active listings on our real estate platform. These investment opportunities span a total of 50,376 square feet of properties for sale, with an estimated market value of $7,490,000.

    Sale prices for two-family homes in Norfolk, VA start at $925,000, averaging $1,872,500, and reaching up to $3,375,000 — 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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    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    23523 $925K
    23503 $1.8M
    23508 $2.2M
    23504 $3.4M
    23505 $4M

    Taxes & Financing

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

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    Most Searched ZIP Codes in Norfolk, VA

    • 23503
    • 23504
    • 23505
    • 23508
    • 23510
    • 23523

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