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    1427 W Ocean View Ave Norfolk, VA 23503

    For Sale
    $740,000

    Side by Side, Quadruplex,Multi Family Residential - Norfolk, VA

    Type:Quadruplex
    Property size:
    2,750 SF
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 1427 W Ocean View Ave

    General Information

    Property type
    Residential
    Property subtype
    Quadruplex
    Standard status
    Active
    Zoning
    R-12
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Size
    2,750 SF

    Building Details

    Year built
    1917
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Iron Valley Real Estate Hampton Roads (757) 645-9700 [email protected]

    Listing agent Nick Kemp (757) 645-9700

    Listing date Nov 20, 2025

    MLS# 10610906 Listing URL

    Copyright © 2025 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.

    Overview

    Ocean View Quadplex Multi-Family Residential

    This fully furnished, four-unit quadplex is currently operating as a mid-term rental property. The property consists of three one-bedroom, one-bathroom units and one two-bedroom, one-bathroom unit. Each unit is equipped with its own washer and dryer. The building features new exterior decks and a 2024 roof. Located in Ocean View, the property is steps from the beach and near the Ocean View Fishing Pier. It is approximately 6.5 miles from Norfolk Naval Base, about 7 miles from Little Creek, and around 22 miles across the HRBT to Langley. The property is suitable for house hacking or investment purposes. The property size is 2,750 square feet. The zoning is R-12.
    Property Profile Location Intelligence

    Current Use by Public Records

    ClOCK WORK DELIVERY ... Courier Service

    Suggested Use

    Realty agency Restaurant Gym & Fitness Auto Repair Shop Accounting Firm Wholesale Shop Bar & Pub HVAC Service Grocery Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norfolk
    County
    Norfolk
    State
    Virginia
    Longitude
    -76.2920809
    Latitude
    36.9668723

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    FAQs

    What type of property is this?
    Quadplex - Fully furnished quadplex near the beach in Norfolk, Virginia.
    Where is this quadplex located?
    The property is located at 1427 W Ocean View Ave Norfolk, VA.
    What is the asking price?
    The asking price for this property is $740,000.
    What are key features of this property?
    This property features: - Fully furnished and operating as a mid-term rental quadplex.; - Ocean View location, steps to the beach and near the Ocean View Fishing Pier.; - **New exterior decks and 2024 roof.**
    (757) 645-9700
    Request Owner's contact information
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    Norfolk, VA 23503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1427 W Ocean View Ave Norfolk, VA 23503
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