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Remodeled 6-Unit Apartment Building
For Sale
$970,000

1005 Hillside Ave, Norfolk, VA 23503

Updated interiors and separate utility metering support straightforward property management.

Property SizeContact for details
Days on Market24

Property Features for 1005 Hillside Ave

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 6

Building Details

Year Built 1974
Buildings 1
Listing Agency: Inlet Realty
Listed By: Christian Phillips · License #0225248295
Source: Honorableservicerealty
Added: Aug 6 Changed: Aug 28 Last Checked: Aug 29 at 12:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Inlet Realty

Investment Insights

Based on property information with market context.

Constructed in 1974, this six-unit apartment building has undergone a full remodel, with refreshed interiors throughout every residence. Separate utility meters serve each unit, providing distinct utility allocation across the property.

The building is located at 1005 Hillside Ave in Norfolk, Virginia, approximately two blocks from the beach. Its coastal setting and updated unit interiors define the property’s primary physical and locational features.

Key Highlights

  • Six‑unit apartment building constructed in 1974
  • Full remodel completed with updates throughout all units
  • Separate utility meters for each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Dental Office Big Box & Wholesale Store Spa & Massage Center HVAC Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

220
Businesses Nearby

Demographics for 23503, VA

31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated interiors and separate utility metering support straightforward property management.
Where is this apartment building located?
The property is located at 1005 Hillside Ave Norfolk, VA.
What is the asking price?
The asking price for this property is $970,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 1974; Full remodel completed with updates throughout all units; Separate utility meters for each unit
More about this property
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