114 Riverview Avenue Portsmouth, VA 23704
MULTI_FAMILY - Portsmouth, VA
- Added:
- Jul 8, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 11 at 7:06 pm
Property Features for 114 Riverview Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HR
- Standard status
- Active
- Size
- 2,900 SF
Taxes and HOA fees
- Tax Annual Amount
- 3289
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1900
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Katrice Stancil (757) 278-3945
Listing office ONYX Realty Professionals 2720 N Mall Dr. Ste. 188, Virginia Beach, VA (757) 278-3945
Listing date Jul 8, 2026
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.
The property is located in Portsmouth, Virginia, approximately two blocks from Naval Medical Center Portsmouth. It is also described as minutes from Olde Towne Portsmouth and Downtown Norfolk, supporting convenience for residents and short- or long-term stays.
The duplex is currently operated as an established Airbnb with proven rental history, providing a ready-to-rent setup for buyers seeking rental income or a live-in arrangement.
Key Highlights
- Portsmouth duplex at 114 Riverview Avenue with Waterfront feature
- Each unit has 2 bedrooms and 1 full bath
- Approx. 1,700 SF downstairs and 1,200 SF upstairs (per provided description)
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 | $39.0k | $13.44 |
| − Vacancy | −$3.0k | −$1.03 |
| EGI | $36.0k | $12.41 |
| − OpEx | −$10.8k | −$3.72 |
| NOI | $25.2k | $8.68 |
