238 Webster Avenue Portsmouth, VA 23704
MULTI_FAMILY - Portsmouth, VA
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 11:06 pm
Property Features for 238 Webster Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HR
- Standard status
- Active
- Size
- 2,260 SF
Taxes and HOA fees
- Tax Annual Amount
- 2777
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1913
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Katrice Stancil (757) 278-3945
Listing office ONYX Realty Professionals 2720 N Mall Dr. Ste. 188, Virginia Beach, VA (757) 278-3945
Listing date Jul 8, 2026
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.
The home is located at 238 Webster Avenue in Portsmouth, VA. Public remarks note convenience to Naval Medical Center Portsmouth and proximity to Olde Towne Portsmouth, the Elizabeth River waterfront, and Downtown Norfolk.
The property is offered for sale as-is.
Key Highlights
- 1913 duplex with Waterfront feature
- Two separate units: each has 2 bedrooms and 1 full bath
- Each unit is about 1,130 SF; currently operated as an established Airbnb with proven rental history
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 | $30.4k | $13.44 |
| − Vacancy | −$2.3k | −$1.03 |
| EGI | $28.0k | $12.41 |
| − OpEx | −$8.4k | −$3.72 |
| NOI | $19.6k | $8.68 |
