Duplex Property with
For Sale
$1,280,000
121 55th Street, Virginia Beach, VA 23451
MULTI_FAMILY - Virginia Beach, VA
Property Size2,016 SF
Price / SF$634.92
Days on Market9
Property Features for 121 55th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5R
Subdivision
NORTH END VA. BEACH
Lot features
Shed
Elementary school
Linkhorn Park Elementary
Middle school
Virginia Beach Middle
Directions
First property on the left (oceanside)
Standard status
Active
Size
2,016 SF
Taxes and HOA fees
Tax Annual Amount
8900
Utilities
Water front features
Waterfront
Building Details
Year built
1940
Roof type
Shingle, Tar/Gravel
Architectural style
Other
Listing Agency:
The Real Estate Group
(757) 961-9090
Listed By:
Drew Goldner
(757) 410-8500
Added: Jul 28
Changed: Aug 4
Last Checked: Aug 5 at 5:06PM
MLS# 10646420
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Investment Insights
Based on property information with market context.
Duplex property offered for sale as-is, with waterfront on the parcel. The current duplex is included, and the buyer is responsible for all due diligence related to development.
Located at 121 55th Street in Virginia Beach, VA 23451, this North End offering sits within R5R zoning. The property is approximately 2,016 square feet and was built in 1940. Roofing is listed as shingle and tar/gravel.
This presents a straightforward opportunity to evaluate the existing duplex and the parcel for future residential development plans based on the buyer’s due diligence.
Located at 121 55th Street in Virginia Beach, VA 23451, this North End offering sits within R5R zoning. The property is approximately 2,016 square feet and was built in 1940. Roofing is listed as shingle and tar/gravel.
This presents a straightforward opportunity to evaluate the existing duplex and the parcel for future residential development plans based on the buyer’s due diligence.
Key Highlights
- Duplex property offered as‑is
- Waterfront feature on the parcel
- Zoned R5R
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 23451, VA
44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex property in R5R zoning with waterfront access, offered as-is for development in Virginia Beach’s North End.
Where is this duplex located?
The property is located at 121 55th Street Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Duplex property offered as‑is; Waterfront feature on the parcel; Zoned R5R
