Remodeled Side-by-Side
6224 Geneva Way Norfolk, VA 23513
New
For Sale
$350,000
MULTI_FAMILY - Norfolk, VA
Property Size1,904 SF
Price / SF$183.82
Days on Market5
Property Features for 6224 Geneva Way
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-11
Standard status
Active
Size
1,904 SF
Taxes and HOA fees
Tax Annual Amount
3280
Utilities
Water front features
Waterfront
Building Details
Year built
1988
Roof type
Shingle
Architectural style
Other
Listing Agency:
World Class Realty & Prop Mgmt
(757) 228-7773
Listed By:
Conner Walters
(757) 270-1623
Added: Jul 23
Changed: Jul 26
Last Checked: Jul 27 at 1:06PM
MLS# 10645580
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.
This townhome-style side-by-side duplex has been completely remodeled and is ready for move-in or rental use. Each unit features new LVP flooring in the living area, updated eat-in kitchens with granite counters and shaker cabinetry, and two spacious bedrooms upstairs with an updated hall bath. Additional convenience includes a first-floor half bath and laundry hook-ups in each unit. Both units have central air and heat, and each has a fully fenced backyard.
The property is located in Norfolk, Virginia. It is zoned R-11.
The duplex is configured as two separate units with individual water and electric meters.
The property is located in Norfolk, Virginia. It is zoned R-11.
The duplex is configured as two separate units with individual water and electric meters.
Key Highlights
- Side‑by‑side duplex townhome‑style property remodeled and ready to move in or rent
- Each unit has separate water and electric meters
- Upgraded eat‑in kitchens with granite counters and shaker cabinetry
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 | $37.7k | $19.80 |
| − Vacancy | −$2.1k | −$1.09 |
| EGI | $35.6k | $18.71 |
| − OpEx | −$10.7k | −$5.61 |
| NOI | $24.9k | $13.10 |
1,904 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$356.3K
$311.7K – $415.6K
NOI $24,938 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$319.9K
$280.0K – $373.3K
NOI $22,396 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$403.9K
$353.4K – $471.2K
NOI $28,273 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Townhome-style side-by-side duplex offers fully remodeled interiors, separate water and electric meters, and fenced backyards.
Where is this duplex located?
The property is located at 6224 Geneva Way Norfolk, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Side‑by‑side duplex townhome‑style property remodeled and ready to move in or rent; Each unit has separate water and electric meters; Upgraded eat‑in kitchens with granite counters and shaker cabinetry
