Virginia Beach Quadruplex Investment
315 Roselynn Lane Virginia Beach, VA 23454
315 Roselynn Lane, Virginia Beach, VA, 23454
$1,200,000
For Sale
$1,200,000
Side by Side, Quadruplex,Multi Family Residential - Virginia Beach, VA
Property Size4,920 SF
Price / SF$243.90
Days on Market216
Property Features for 315 Roselynn Lane
General Information
- Property type
- Residential
- Property subtype
- Quadruplex
- Zoning
- R5D
- 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
4453 Shore Dr., VA Beach, VA
Listed by
Christian Phillips
(757) 675-5164
Added: Dec 14, 2025 Checked: Jul 18 at 7:06 am
MLS# 10613426
Listing URL
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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.
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 | $97.4k | $19.80 |
| − Vacancy | −$4.4k | −$0.89 |
| EGI | $93.0k | $18.91 |
| − OpEx | −$27.9k | −$5.67 |
| NOI | $65.1k | $13.24 |
4,920 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
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.
