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    Five-Unit Multifamily Investment
    Updated: Jun 10
    Five-Unit Multifamily Investment

    367 Middle Street, Portsmouth, VA 23704

    $650,000
    3,080 sqft
    Well‑maintained 5‑unit multifamily property built in 1852
    Unit mix includes two 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units
    Select units are furnished, allowing for furnished, mid‑term, or executive rentals
    Located in Portsmouth’s Olde Towne Historic District, within blocks of the Elizabeth River waterfront
    Convenient to Portsmouth‑Norfolk Ferry and nearby dining, coffee shops, museums, parks, and entertainment
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 1 Active listings in Portsmouth, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 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.

    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.

    View details
    12-Unit Apartment Building
    12-Unit Apartment Building

    832 Brandon Ave, Norfolk, VA 23517

    Contact for pricing
    0.27 AC lot

    Twelve two-bedroom, one-bath units in a single 1928-built multifamily building.

    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
    Car Lot with Studio Rental Units
    Car Lot with Studio Rental Units

    5936 Jefferson Ave, Newport News, VA 23605

    Contact for pricing

    Established car lot plus vacant lot over an acre, with eight fully rented studio units included.

    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 Portsmouth, VA

    Consider similar Off-Market properties in Portsmouth, 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.

    327 Washington St
    APARTMENT HOUSE (5+ UNITS)

    327 Washington St, Portsmouth, VA 23704-2434

    $1,190,000
    Estimated value
    11,973 sqft 0.12 AC lot
    View details
    359 Middle St
    APARTMENT HOUSE (5+ UNITS)

    359 Middle St, Portsmouth, VA 23704-2821

    $825,000
    Estimated value
    11,958 sqft 0.12 AC lot
    View details
    320 Dinwiddie St
    APARTMENT HOUSE (5+ UNITS)

    320 Dinwiddie St, Portsmouth, VA 23704-2532

    $975,000
    Estimated value
    8,484 sqft 0.08 AC lot
    View details
    412 Nn St
    APARTMENT HOUSE (5+ UNITS)

    412 Nn St, Portsmouth, VA 23704-2535

    Value Estimation by Request
    6,849 sqft 0.08 AC lot
    View details
    119 Dahlgren Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    119 Dahlgren Ave, Portsmouth, VA 23702-2936

    Value Estimation by Request
    4,320 sqft 0.24 AC lot
    View details
    424 London St
    APARTMENT HOUSE (UNDER 5 UNITS)

    424 London St, Portsmouth, VA 23704-2549

    Value Estimation by Request
    2,464 sqft 0.06 AC lot
    View details
    124 Chautauqua Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    124 Chautauqua Ave, Portsmouth, VA 23707-1533

    Value Estimation by Request
    4,165 sqft 0.19 AC lot
    View details
    259 Broad St
    APARTMENT HOUSE (5+ UNITS)

    259 Broad St, Portsmouth, VA 23707-1644

    $775,000
    Estimated value
    8,160 sqft 0.21 AC lot
    View details
    3 Emmons Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    3 Emmons Pl, Portsmouth, VA 23702-2209

    Value Estimation by Request
    3,988 sqft 0.20 AC lot
    View details
    10 Emmons Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    10 Emmons Pl, Portsmouth, VA 23702-2210

    Value Estimation by Request
    4,370 sqft 0.21 AC lot
    View details
    241 Choate St
    APARTMENT HOUSE (UNDER 5 UNITS)

    241 Choate St, Portsmouth, VA 23707-4570

    Value Estimation by Request
    2,781 sqft 0.30 AC lot
    View details
    49 Shelby St
    APARTMENT HOUSE (UNDER 5 UNITS)

    49 Shelby St, Portsmouth, VA 23701-3031

    Value Estimation by Request
    2,769 sqft 0.44 AC lot
    View details
    1420 Elm Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1420 Elm Ave, Portsmouth, VA 23704-4549

    Value Estimation by Request
    4,580 sqft 0.12 AC lot
    View details
    101 Beacon Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Beacon Rd, Portsmouth, VA 23702-1211

    $530,000
    Estimated value
    4,050 sqft 0.42 AC lot
    View details
    332 Mt Vernon Ave
    APARTMENT HOUSE (5+ UNITS)

    332 Mt Vernon Ave, Portsmouth, VA 23707-1643

    $925,000
    Estimated value
    7,704 sqft 0.16 AC lot
    View details
    721 Dinwiddie St
    APARTMENT HOUSE (UNDER 5 UNITS)

    721 Dinwiddie St, Portsmouth, VA 23704-3648

    Value Estimation by Request
    3,135 sqft 0.06 AC lot
    View details
    309 Nn St
    APARTMENT HOUSE (5+ UNITS)

    309 Nn St, Portsmouth, VA 23704-2617

    Value Estimation by Request
    9,354 sqft 0.09 AC lot
    View details
    105 Afton Pkwy
    APARTMENT HOUSE (5+ UNITS)

    105 Afton Pkwy, Portsmouth, VA 23702-2973

    Value Estimation by Request
    4,571 sqft 0.19 AC lot
    View details
    1520 Prentis Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1520 Prentis Ave, Portsmouth, VA 23704-4606

    Value Estimation by Request
    5,324 sqft 0.12 AC lot
    View details
    9 Decatur St
    APARTMENT HOUSE (UNDER 5 UNITS)

    9 Decatur St, Portsmouth, VA 23702-2114

    Value Estimation by Request
    3,910 sqft 0.22 AC lot
    View details
    801 Randolph St
    APARTMENT HOUSE (5+ UNITS)

    801 Randolph St, Portsmouth, VA 23704-4721

    Value Estimation by Request
    4,930 sqft 0.24 AC lot
    View details
    850 Crawford Pkwy
    APARTMENT HOUSE (5+ UNITS)

    850 Crawford Pkwy, Portsmouth, VA 23704-2304

    Value Estimation by Request
    43,301 sqft 1.15 AC lot
    View details
    7 Carver Cir
    APARTMENT HOUSE (UNDER 5 UNITS)

    7 Carver Cir, Portsmouth, VA 23701-3003

    Value Estimation by Request
    2,440 sqft 0.45 AC lot
    View details

    Portsmouth, VA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Portsmouth, VA on our real estate platform. These investment opportunities span a total of 3,080 square feet of properties for sale, with an estimated market value of $650,000.

    Sale prices for two-family homes in Portsmouth, VA start at $650,000, averaging $650,000, and reaching up to $650,000 — 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 97K
    Population Growth (5Y) -6.7%
    Median Household Income $59,342
    College Educated 29.1%

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $16.32 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Portsmouth city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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