32-Unit Apartment Building
For Sale
Contact for pricing
1240 W Ocean View Ave, Norfolk, VA 23503
Two-story multifamily property offering a mix of one- and two-bedroom residences.
Property Size32,400 SF
Lot Size0.99 Acres
Days on Market142
Property Features for 1240 W Ocean View Ave
General Information
Standard status
Active
Size
32,400 SF
Lot size
0.99 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
32
Building Details
Year Built
1981
Buildings
2
Stories
2
Listing Agency:
Marcus & Millichap - Hampton Roads
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 4:23PM
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 Marcus & Millichap - Hampton Roads
Investment Insights
Based on property information with market context.
This multifamily property includes 32 units distributed between two two-story apartment buildings. Constructed in 1981, the buildings provide a combination of one-bedroom and two-bedroom residences within a 32,400-square-foot apartment asset.
The property occupies approximately 0.99 acres at 1240 W Ocean View Ave in Norfolk, Virginia. Its unit mix and multi-building configuration provide a clearly defined apartment property profile for evaluation.
The property occupies approximately 0.99 acres at 1240 W Ocean View Ave in Norfolk, Virginia. Its unit mix and multi-building configuration provide a clearly defined apartment property profile for evaluation.
Key Highlights
- 32 units across two buildings
- Two two‑story apartment buildings
- 32,400 sf total property size
Property Analytics
Property Profile
Current Use
Lease Details
32
Residential units
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
Demographics for 23503, VA
31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
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?
Apartment building - Two-story multifamily property offering a mix of one- and two-bedroom residences.
Where is this apartment building located?
The property is located at 1240 W Ocean View Ave Norfolk, VA.
What are key features of this property?
This property features: 32 units across two buildings; Two two‑story apartment buildings; 32,400 sf total property size
