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6-Unit Apartment Building
For Sale
$395,000

1041 Chesapeake Ave, Chesapeake, VA 23324

Fully occupied apartments offer one-bedroom layouts with individual water, gas, and power use.

Property SizeContact for details
Days on Market21

Property Features for 1041 Chesapeake Ave

General Information

Standard status Active
Property subtype Residential Income
Occupancy 100%

Units

Unit Mix 6 x 1BR/1BA
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $3,935
Listing Agency: Keffer Realty
Listed By: Tyler Keffer
Source: Exprealty
Added: Aug 6 Changed: Aug 21 Last Checked: Aug 25 at 11:06AM

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 Keffer Realty

Investment Insights

Based on property information with market context.

This 6-unit apartment property is fully occupied and includes a mix of layouts that are generally similar in size. Every apartment has 1 bedroom and 1 bathroom, with water, gas, and power used by the individual units. The property is older but has been maintained, and the sale is structured without major renovations or displacement of the current tenants.

Located at 1041 Chesapeake Ave in Chesapeake, VA, the property offers an established occupied configuration. Rent ledgers are available for review. Property tours require at least 24 hours’ advance notice.

Key Highlights

  • 6 occupied apartment units
  • Each apartment includes 1 bedroom and 1 bathroom
  • Multiple layouts with generally similar unit sizes

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Kitchen & Bath Showroom Bakery

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
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

414
Businesses Nearby

Demographics for 23324, VA

24,239
Population
9,834
Households
2.5
Avg Household Size
34
Median Age
21%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,618
Density / Sq Mi
$57,774
Median Household Income
$39,642
Median Earnings
$1,145
Median Rent
$242,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Apartment building - Fully occupied apartments offer one-bedroom layouts with individual water, gas, and power use.
Where is this apartment building located?
The property is located at 1041 Chesapeake Ave Chesapeake, VA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 6 occupied apartment units; Each apartment includes 1 bedroom and 1 bathroom; Multiple layouts with generally similar unit sizes
More about this property
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