1052 Hannah Street Norfolk, VA 23505
MULTI_FAMILY - Norfolk, VA
Property Features for 1052 Hannah Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-8
- Standard status
- Active
- Size
- 1,392 SF
Taxes and HOA fees
- Tax Annual Amount
- 3558
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1964
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jacob Jansen (877) 366-2213
Listing office LPT Realty LLC 770 Lynnhaven Parkway #120, Arlington, VA (757) 217-0900
Listing date May 28, 2026
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Investment Insights
Based on property information with market context.
Key Highlights
- Fully rented duplex providing immediate cash flow.
- Located near multiple military bases, ensuring strong rental demand.
- Solid brick construction.
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 | $27.6k | $19.80 |
| − Vacancy | −$1.5k | −$1.09 |
| EGI | $26.0k | $18.71 |
| − OpEx | −$7.8k | −$5.61 |
| NOI | $18.2k | $13.10 |
