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    Norfolk, VA
    Duplex

    Norfolk, VA Duplexes for Sale

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    Norfolk Turnkey Investment Opportunity
    Updated: Apr 8
    Norfolk Turnkey Investment Opportunity

    319 Ashlawn Drive, Norfolk, VA 23505

    $250,000
    1,650 sqft
    Turnkey investment opportunity with immediate income potential.
    Tenant‑occupied with built‑in cash flow from day one.
    Two units: a 2‑bedroom, 1‑bath unit (approx. 1,000 sqft) and a 1‑bedroom, 1‑bath unit.
    Existing tenants in place, offering steady income and reduced vacancy concerns.
    Waterfront features.
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    This listing looks promising.

    Here's a quick look at some key insights for

    319 Ashlawn Drive, Norfolk, VA 23505

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    • Est. Cap Rate

      8.6%
      Above avg (5.9%)

    • Est. NOI

      $22K
      Annual

    • Price @ 7% Cap

      $309K
      Above asking

    • Property Type

      Duplex
      Built 1942
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    Renovated Duplex with Shared Backyard
    Updated: Jun 10
    Renovated Duplex with Shared Backyard

    9220 Atwood Avenue, Norfolk, VA 23503

    $389,000
    1,600 sqft
    Renovated over/under duplex built in 1954
    New flooring throughout and updated kitchen with new cabinets, countertops, and appliances
    Roof replaced with shingle roofing
    Large shared backyard
    Upstairs unit will be vacant in September
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    Renovated Over-Under Duplex
    Renovated Over-Under Duplex

    169 D VIEW Avenue, Norfolk, VA 23503

    $389,000
    2,000 sqft

    Over-under duplex with two renovated 2-bedroom units, private backyard, and new exterior improvements plus on-site storage.

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    Duplex with Bay-View Apartment
    Duplex with Bay-View Apartment

    1607 E Ocean View Avenue, Norfolk, VA 23503

    $499,900
    2,228 sqft

    Duplex with two separately equipped units, including an upstairs 1-bedroom with water views.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Bayfront Duplex with Direct Beach Access
    Bayfront Duplex with Direct Beach Access

    842 W Ocean View (A-B) Avenue, Norfolk, VA 23503

    $1,850,000
    3,332 sqft

    Two must-sell duplex addresses include 840 and 842 W Ocean View Ave with shared waterfront setting.

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    Norfolk Duplex with Garage
    Norfolk Duplex with Garage

    2615 Ballentine Boulevard, Norfolk, VA 23509

    $230,000
    2,665 sqft

    Duplex with garage, carport, and partially finished attic.

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    Norfolk Duplex on Corner Lot
    Norfolk Duplex on Corner Lot

    1052 Hannah Street, Norfolk, VA 23505

    $319,900
    1,392 sqft

    Fully rented duplex, ideal for investors or owner occupants.

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    Updated Over-Under Duplex
    Updated Over-Under Duplex

    415 Middlesex Street, Norfolk, VA 23523

    $350,000
    1,580 sqft

    Over-under duplex with two 2-bedroom, 1-bath units, central air and heating, and a vacant adjacent lot included in the sale.

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    Historic Ghent Duplex Opportunity
    Historic Ghent Duplex Opportunity

    817 Maury Ave, Norfolk, VA 23517

    $250,000
    3,922 sqft

    Charming duplex in Norfolk's Ghent Historic District, close to downtown.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Side-by-Side Duplex with STR Permits
    Side-by-Side Duplex with STR Permits

    4401 Ocean View Avenue, Virginia Beach, VA 23455

    $1,800,000
    3,536 sqft

    Licensed short-term rental duplex with recently updated kitchens and bathrooms, sold fully furnished near the beach.

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    Over-Under Duplex Short-Term Rental
    Over-Under Duplex Short-Term Rental

    4405 Ocean View Avenue, Virginia Beach, VA 23455

    $1,600,000
    3,260 sqft

    Two-unit over-under duplex with updated kitchens and baths, including an ADA-compliant downstairs unit, sold fully furnished.

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    Portsmouth Duplex with Two 2BR Units
    Portsmouth Duplex with Two 2BR Units

    114 Riverview Avenue, Portsmouth, VA 23704

    $320,000
    2,900 sqft

    Duplex for sale with two 2-bedroom, 1-bath units and covered porches plus a fenced backyard.

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    Two-Unit Duplex With Separate Entrances
    Two-Unit Duplex With Separate Entrances

    238 Webster Avenue, Portsmouth, VA 23704

    $330,000
    2,260 sqft

    Duplex for sale with two separate units, each with 2 bedrooms and 1 full bath, plus updated interiors.

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    Norfolk, VA Duplexes Market Trends and Statistics

    Explore 9 duplexes for sale in Norfolk, VA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 20,369 square feet of properties for sale, with an estimated market value of $4,527,800.

    Sale prices for duplexes in Norfolk, VA start at $230,000, averaging $503,088, and reaching up to $1,850,000 — 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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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 13
    Duplexes 9
    Quadplexes 7
    Short term rental properties 2
    Triplexes 1

    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
    23509 $230K
    23517 $250K
    23505 $285K
    23513 $285K
    23504 $299.5K

    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
    • 23505
    • 23509
    • 23517

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