Duplex with Private
1214 Daniel Avenue, Norfolk, VA 23505
For Sale
New
$579,000
Multi Family Residential, Over/Under, Norfolk, VA
Property Size3,450 SF
Price / SF$167.83
Days on Market4
Property Features for 1214 Daniel Avenue
General Information
Property type
Property subtype
Zoning
Subdivision
Elementary school
Middle school
Standard status
Size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Amenities
oak floors
sunrooms
eat-in kitchens
shared walk-in laundry room
walk-in closets
ensuites
attic pull-down staircase
fireplaces
irrigation system
Building Details
Year built
Roof type
Architectural style
Buildings
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 217-4200
Listed By:
Bobby Lawrence
(757) 690-0439
Added: Nov 10
Last Checked: Nov 13 at 11:06PM
MLS# 10660848
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,450-square-foot duplex, built in 1940, contains two residential units, each with an ensuite and its own garage. Interior features include oak flooring, sunrooms with southern exposure, eat-in kitchens, and walk-in closets. A shared laundry room includes a washer and dryer and storage space. The property also has a slate roof, a pull-down attic staircase, and an irrigation system. HVAC systems date to 2006 and 2016, and the water heater is approximately eight years old.
Located in Norfolk, the property is near naval bases, interstate access, restaurants, shopping, and coffeehouses. Zoning is RESID. The seller pays for oil, water, sewer, and electricity in common areas, as well as exterior security lighting. Both tenants carry rental insurance.
Located in Norfolk, the property is near naval bases, interstate access, restaurants, shopping, and coffeehouses. Zoning is RESID. The seller pays for oil, water, sewer, and electricity in common areas, as well as exterior security lighting. Both tenants carry rental insurance.
Key Highlights
- 3,450‑square‑foot duplex with two residential units
- Each unit has an individual garage and ensuite
- Sunrooms with southern exposure; eat‑in kitchens and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,187
Cap Rate
7.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,740
$903.7K
Cap Rate 7%
$645,529
$645.5K
Cap Rate 9%
$502,078
$502.1K
Market Conditions
NOI Build-Up for 3,450 SF
Gross rent
$68.3K $19.80/SF
− Vacancy
−$3.8K −$1.09/SF
EGI
$64.6K $18.71/SF
− OpEx
−$19.4K −$5.61/SF
NOI
$45.2K $13.10/SF
Area
Norfolk, VA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,740
Cap Rate 7%
$645,529
Cap Rate 9%
$502,078
Alternative Uses
Best Use
Multifamily LT 5
$645.5K
$564.8K – $753.1K
NOI $45,187 @ 7.0% cap · market cap 7.80%
Second Best
Apartment 5plus
$579.7K
$507.3K – $676.4K
NOI $40,582 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$731.9K
$640.4K – $853.9K
NOI $51,231 @ 7.0% cap · market cap 8.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 23505, VA
27,785
Population
13,715
Households
2
Avg Household Size
32
Median Age
32%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,210
Density / Sq Mi
$55,678
Median Household Income
$40,814
Median Earnings
$1,279
Median Rent
$318,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Norfolk, VA
Properties on Market for Duplexes in Norfolk
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature sunrooms, ensuite bathrooms, and individual garages.
Where is this duplex located?
The property is located at 1214 Daniel Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: 3,450‑square‑foot duplex with two residential units; Each unit has an individual garage and ensuite; Sunrooms with southern exposure; eat‑in kitchens and walk‑in closets
