827 Mt Vernon Avenue Portsmouth, VA 23707
MULTI_FAMILY - Portsmouth, VA
Property Features for 827 Mt Vernon Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,336 SF
Taxes and HOA fees
- Tax Annual Amount
- 2785
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1918
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Marty Miller (757) 468-5000
Listing office Shaffer Realty LLC Chesapeake, VA (757) 468-5000
Listing date Jul 10, 2026
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Investment Insights
Based on property information with market context.
The property is located in a central Portsmouth area near Olde Towne, the Naval Hospital, shipyard, port, and interstates.
For sale at 827 Mt Vernon Avenue in Portsmouth, this duplex is presented as a residential income property with a straightforward, matched unit layout.
Key Highlights
- Side‑by‑side duplex built in 1918
- Each unit has 3 bedrooms and 1 bathroom
- Central air and heating in both units
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 | $31.4k | $13.44 |
| − Vacancy | −$2.4k | −$1.03 |
| EGI | $29.0k | $12.41 |
| − OpEx | −$8.7k | −$3.72 |
| NOI | $20.3k | $8.68 |
