Virginia Beach Quadruplex Investment
For Sale
$1,200,000
315 Roselynn Lane, Virginia Beach, VA 23454
Side by Side, Quadruplex,Multi Family Residential - Virginia Beach, VA
Property Size4,920 SF
Price / SF$243.90
Days on Market300
Property Features for 315 Roselynn Lane
General Information
Property type
Residential
Property subtype
Quadruplex
Zoning
R5D
Subdivision
OCEANA GARDENS WEST
Elementary school
Birdneck Elementary
Middle school
Lynnhaven Middle
High school
First Colonial
Standard status
Active
Size
4,920 SF
Taxes and HOA fees
Tax Annual Amount
6588
Building Details
Year built
1994
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Inlet Realty
(757) 276-3330
Listed By:
Christian Phillips
(757) 675-5164
Added: Dec 14, 2025
Changed: Apr 3
Last Checked: Oct 10 at 7:06AM
MLS# 10613426
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.
Located in Virginia Beach, this property is configured as two duplexes, with each unit featuring 3 bedrooms and 1.5 baths. Situated in a strong rental area near Oceana Naval Air Station, the property experiences consistent tenant demand and offers solid cash-flow potential. This quadruplex can be purchased together with an adjacent property to create a larger portfolio. All three duplexes, totaling six units, were recently appraised, providing built-in value for investment strategies. This presents an opportunity to expand or launch a Virginia Beach rental portfolio with multi-unit housing in a desirable location. The property is zoned R5D and has a property size of 4920 square feet.
Key Highlights
- Strong rental area near Oceana Naval Air Station ensures consistent tenant demand.
- 4‑plex configured as two duplexes provides immediate cash‑flow potential.
- Each unit features 3 bedrooms and 1.5 baths, appealing to a wide range of renters.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,123
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,302,460
$1.3M
Cap Rate 7%
$930,329
$930.3K
Cap Rate 9%
$723,589
$723.6K
Market Conditions
NOI Build-Up for 4,920 SF
Gross rent
$97.4K $19.80/SF
− Vacancy
−$4.4K −$0.89/SF
EGI
$93.0K $18.91/SF
− OpEx
−$27.9K −$5.67/SF
NOI
$65.1K $13.24/SF
Area
ZIP 23454
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,302,460
Cap Rate 7%
$930,329
Cap Rate 9%
$723,589
Alternative Uses
Best Use
Multifamily LT 5
$930.3K
$814.0K – $1.09M
NOI $65,123 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$862.1K
$754.4K – $1.01M
NOI $60,350 @ 7.0% cap · market cap 5.03%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,115 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
997
Businesses Nearby
Explore this area
Business Placement
Demographics for 23454, VA
58,665
Population
24,253
Households
2.4
Avg Household Size
38
Median Age
43%
College-Educated
94%
High-School Grad
22.5 sq mi
ZIP Area
2,607
Density / Sq Mi
$97,835
Median Household Income
$48,961
Median Earnings
$1,600
Median Rent
$401,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Rare side-by-side quadruplex near Oceana Naval Air Station.
Where is this quadplex located?
The property is located at 315 Roselynn Lane Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Strong rental area near Oceana Naval Air Station ensures consistent tenant demand.; 4‑plex configured as two duplexes provides immediate cash‑flow potential.; Each unit features 3 bedrooms and 1.5 baths, appealing to a wide range of renters.
