Renovated 24-Unit Multifamily
For Sale
Contact for pricing
1217 Colonial Ave, Norfolk, VA 23517
Colonial Lofts is a 24-unit apartment property built in 1918, recently renovated with multiple systems improvements.
Property SizeContact for details
Days on Market125
Property Features for 1217 Colonial Ave
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Multifamily Units
24
Building Details
Year Built
1918
Tenancy
Multi
Listing Agency:
TSCG - The Shopping Center Group
Listed By:
Joe Kennedy · License #VA0225222573
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 4:09PM
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 TSCG - The Shopping Center Group
Investment Insights
Based on property information with market context.
Colonial Lofts is a 24-unit multifamily apartment building originally constructed in 1918. The property has been recently renovated, including a new roof, plumbing, HVAC, and separately metered electrical. Interior updates include refinished hardwood floors and renovated kitchens and bathrooms.
The property is located at 1217 Colonial Ave in Norfolk’s Ghent neighborhood. It sits across the street from Harris Teeter and is within walking distance of restaurants, bars, and local entertainment and cultural amenities.
The building is positioned to serve tenants seeking access to major regional employment centers, including Sentara Norfolk General Hospital, Eastern Virginia Medical School (EVMS), the Port of Norfolk, Downtown Norfolk, Old Dominion University (ODU), and the Norfolk Naval Base.
The property is located at 1217 Colonial Ave in Norfolk’s Ghent neighborhood. It sits across the street from Harris Teeter and is within walking distance of restaurants, bars, and local entertainment and cultural amenities.
The building is positioned to serve tenants seeking access to major regional employment centers, including Sentara Norfolk General Hospital, Eastern Virginia Medical School (EVMS), the Port of Norfolk, Downtown Norfolk, Old Dominion University (ODU), and the Norfolk Naval Base.
Key Highlights
- 24‑unit apartment property built in 1918 at 1217 Colonial Avenue in Norfolk’s Ghent neighborhood.
- Recently renovated with new roof, plumbing, HVAC, and separately metered electrical.
- Renovated interiors include refinished hardwood floors and renovated kitchens and bathrooms.
Property Analytics
Property Profile
Current Use
Lease Details
24
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,526
Businesses Nearby
Explore this area
Business Placement
Demographics for 23517, VA
5,237
Population
2,901
Households
1.8
Avg Household Size
33
Median Age
55%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
6,546
Density / Sq Mi
$63,556
Median Household Income
$46,689
Median Earnings
$1,397
Median Rent
$355,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Colonial Lofts is a 24-unit apartment property built in 1918, recently renovated with multiple systems improvements.
Where is this apartment building located?
The property is located at 1217 Colonial Ave Norfolk, VA.
What are key features of this property?
This property features: 24‑unit apartment property built in 1918 at 1217 Colonial Avenue in Norfolk’s Ghent neighborhood.; Recently renovated with new roof, plumbing, HVAC, and separately metered electrical.; Renovated interiors include refinished hardwood floors and renovated kitchens and bathrooms.
