Norfolk Duplex on Corner
1052 Hannah Street Norfolk, VA 23505
1052 Hannah Street, Norfolk, VA, 23505
$319,900
For Sale
$319,900
MULTI_FAMILY - Norfolk, VA
Property Size1,392 SF
Price / SF$229.81
Days on Market50
Property Features for 1052 Hannah Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-8
- Standard status
- Active
- Size
- 1,392 SF
Taxes and HOA fees
- Tax Annual Amount
- 3558
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1964
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
LPT Realty LLC
(757) 217-0900
770 Lynnhaven Parkway #120, Arlington, VA
Listed by
Jacob Jansen
(877) 366-2213
Added: May 28 Checked: Jul 16 at 4:06 pm
MLS# 10636859
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This is a fully rented brick duplex situated on a corner lot. The property is located in Norfolk, VA. The duplex layout and solid brick construction offer an excellent opportunity for investors or future owner occupants seeking immediate cash flow, with tenants already in place. Its location is conveniently near multiple military bases, offering strong rental demand and long-term investment potential. The property contains 1,392 square feet and is zoned R-8.
Key Highlights
- Fully rented duplex providing immediate cash flow.
- Located near multiple military bases, ensuring strong rental demand.
- Solid brick construction.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $19.80 |
| − Vacancy | −$1.5k | −$1.09 |
| EGI | $26.0k | $18.71 |
| − OpEx | −$7.8k | −$5.61 |
| NOI | $18.2k | $13.10 |
1,392 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$260.5K
$227.9K – $303.9K
NOI $18,232 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$233.9K
$204.7K – $272.9K
NOI $16,374 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$295.3K
$258.4K – $344.5K
NOI $20,670 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Fully rented duplex, ideal for investors or owner occupants.
Where is this duplex located?
The property is located at 1052 Hannah Street Norfolk, VA.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: Fully rented duplex providing immediate cash flow.; Located near multiple military bases, ensuring strong rental demand.; Solid brick construction.
