Over-Under Duplex with Two Vacant
200 Armstrong Street Portsmouth, VA 23704
200 Armstrong Street, Portsmouth, VA, 23704
$239,000
For Sale
$239,000
Over/Under, Duplex,Multi Family Residential - Portsmouth, VA
Property Size2,398 SF
Price / SF$99.67
Days on Market117
Property Features for 200 Armstrong Street
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Zoning
- UR
- Exterior features
- Corner, Shed
- Standard status
- Active
- Size
- 2,398 SF
Taxes and HOA fees
- Tax Annual Amount
- 2766
Building Details
- Year built
- 1896
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
- Additional Structures
- Packing Shed, Shed(s)
Listing Agency
Rock Steady Group
(757) 538-7500
1548A Holland Rd. Ste 201, Suffolk, VA
Listed by
Dalton Schwartz
(757) 374-0707
Added: Mar 24 Checked: Jul 18 at 8:06 am
MLS# 10626422
Listing URL
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Investment Insights
Based on property information with market context.
This over-under duplex offers two separate residential units, both currently vacant for immediate occupancy. The first-floor unit provides 3 bedrooms and 1 bath, while the second-floor unit offers 2 bedrooms and 1 bath. The property sits on a spacious corner lot and includes a backyard with a storage shed that conveys as-is.
Parking is available with abundant street parking supported by the corner-lot setting, along with additional off-street parking.
Zoning is listed as UR. The listing is offered for sale at 200 Armstrong Street, Portsmouth, VA 23704, with the surrounding area described as close to restaurants, shopping, transportation, and military bases.
Parking is available with abundant street parking supported by the corner-lot setting, along with additional off-street parking.
Zoning is listed as UR. The listing is offered for sale at 200 Armstrong Street, Portsmouth, VA 23704, with the surrounding area described as close to restaurants, shopping, transportation, and military bases.
Key Highlights
- Over/under duplex on a corner lot in Portsmouth, built in 1896
- First‑floor unit: 3 bedrooms, 1 bath
- Second‑floor unit: 2 bedrooms, 1 bath
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 | $32.2k | $13.44 |
| − Vacancy | −$2.5k | −$1.03 |
| EGI | $29.8k | $12.41 |
| − OpEx | −$8.9k | −$3.72 |
| NOI | $20.8k | $8.68 |
2,398 SF · lease $13.44/SF/yr · vacancy 7.69% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$297.5K
$260.3K – $347.1K
NOI $20,825 @ 7.0% cap · market cap 8.71%
Second Best
Apartment 5plus
$274.3K
$240.0K – $320.0K
NOI $19,199 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$763.4K
$668.0K – $890.7K
NOI $53,440 @ 7.0% cap · market cap 22.36%
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 - Over-under duplex on a corner lot with two vacant units, offering 3 bed/1 bath and 2 bed/1 bath layouts.
Where is this duplex located?
The property is located at 200 Armstrong Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Over/under duplex on a corner lot in Portsmouth, built in 1896; First‑floor unit: 3 bedrooms, 1 bath; Second‑floor unit: 2 bedrooms, 1 bath
