Listing Agency: SVN Palmetto

Listed By: Kyle Kennedy · License #NC 283921

Source: Crexi

Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 4:55PM

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Investment Insights

Based on property information with market context.

This multifamily apartment building is offered for sale and provides 78 units.

The property is located at 1001 7th Street in Portsmouth, Virginia 23704.

Additional unit mix, building condition details, and operational specifics are not provided in the available information.

Key Highlights

• Multifamily apartment property with 78 units for sale

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Accounting Firm Storage Facility Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

78

Residential units

Location Intelligence

Trade Area within ½ mile

378

Businesses Nearby

Explore this area Business Placement

Demographics for 23704, VA

19,505

Population

9,538

Households

2

Avg Household Size

36

Median Age

22%

College-Educated

86%

High-School Grad

4.5 sq mi

ZIP Area

4,334

Density / Sq Mi

$44,739

Median Household Income

$34,488

Median Earnings

$1,279

Median Rent

$197,400

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Apartment multifamily property offering 78 units for sale.

Where is this apartment building located?

The property is located at 1001 7th Street Portsmouth, VA.

What are key features of this property?

This property features: Multifamily apartment property with 78 units for sale