Side-by-Side
For Sale
$234,900
1252 Norview Avenue, Norfolk, VA 23513
Multi Family Residential, Side by Side, Norfolk, VA
Property Size1,423 SF
Price / SF$165.07
Days on Market64
Property Features for 1252 Norview Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-11
Subdivision
NORVIEW
Elementary school
Norview Elementary
Middle school
Norview Middle
Standard status
Active
Size
1,423 SF
Taxes and HOA fees
Tax Annual Amount
2486
Building Details
Year built
1972
Roof type
Shingle
Architectural style
Other
Listing Agency:
Better Homes & Gdns Ntv Am Grp
(757) 495-5500
Listed By:
Susan Jenkins
(757) 672-6732
Added: Aug 12
Changed: Oct 14
Last Checked: Oct 14 at 10:06PM
MLS# 10648918
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.
This side-by-side duplex contains two separate units within 1,423 square feet. Built in 1972, the property has a shingle roof and is zoned R-11. The building requires work, providing a clear renovation scope for its next owner.
The property is at 1252 Norview Avenue in Norfolk, with access to I-64. Norfolk International Airport, Norfolk Naval Station, Norfolk Naval Shipyard, shopping, dining, schools, and major employers are identified nearby.
The property is at 1252 Norview Avenue in Norfolk, with access to I-64. Norfolk International Airport, Norfolk Naval Station, Norfolk Naval Shipyard, shopping, dining, schools, and major employers are identified nearby.
Key Highlights
- Two separate residential units in a side‑by‑side configuration
- 1,423 square feet
- Built in 1972 with a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,638
Cap Rate
7.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,760
$372.8K
Cap Rate 7%
$266,257
$266.3K
Cap Rate 9%
$207,089
$207.1K
Market Conditions
NOI Build-Up for 1,423 SF
Gross rent
$28.2K $19.80/SF
− Vacancy
−$1.5K −$1.09/SF
EGI
$26.6K $18.71/SF
− OpEx
−$8.0K −$5.61/SF
NOI
$18.6K $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%
$372,760
Cap Rate 7%
$266,257
Cap Rate 9%
$207,089
Alternative Uses
Best Use
Multifamily LT 5
$266.3K
$233.0K – $310.6K
NOI $18,638 @ 7.0% cap · market cap 7.93%
Second Best
Apartment 5plus
$239.1K
$209.2K – $279.0K
NOI $16,738 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$301.9K
$264.1K – $352.2K
NOI $21,131 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
400
Businesses Nearby
Explore this area
Business Placement
Demographics for 23513, VA
29,105
Population
13,040
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
5,707
Density / Sq Mi
$66,875
Median Household Income
$39,547
Median Earnings
$1,187
Median Rent
$226,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Two separate residential units offer a flexible configuration under R-11 zoning.
Where is this duplex located?
The property is located at 1252 Norview Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two separate residential units in a side‑by‑side configuration; 1,423 square feet; Built in 1972 with a shingle roof
