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103-Unit Apartment Portfolio
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1443 W Ocean View Ave, Norfolk, VA 23503

Multifamily portfolio comprising apartment homes distributed among multiple buildings and locations.

Property SizeContact for details
Days on Market139

Property Features for 1443 W Ocean View Ave

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 48 x 1BR/1BA, 47 x 2BR/1BA, 8 x 2BR/1.5BA
Multifamily Units 103

Building Details

Buildings 12
Listing Agency: Marcus & Millichap - Hampton Roads
Listed By: Altay Uzun · License #VA 0225214405
Source: Crexi
Added: Apr 14 Changed: Aug 29 Last Checked: Aug 29 at 11:24PM

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.

OV Living is an apartment portfolio comprising 103 units across twelve buildings in ten distinct locations. The unit mix includes 48 one-bedroom, one-bathroom apartments; 47 two-bedroom, one-bathroom apartments; and 8 two-bedroom, one-and-a-half-bathroom apartments.

The portfolio is located at 1443 W Ocean View Ave in Norfolk, Virginia. Its distributed building configuration and mix of one- and two-bedroom residences provide a range of apartment layouts within the portfolio.

Key Highlights

  • 103‑unit multifamily portfolio
  • Twelve buildings across ten distinct locations
  • 48 one‑bedroom/one‑bathroom units

Property Analytics

Current Use

OV Coast Apartment Building

Suggested Use

Top Pick HVAC Service Auto Repair Shop Grocery & Convenience Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Accounting Firm

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

103
Residential units

Location Intelligence

Trade Area within ½ mile

58
Businesses Nearby

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

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 - Multifamily portfolio comprising apartment homes distributed among multiple buildings and locations.
Where is this apartment building located?
The property is located at 1443 W Ocean View Ave Norfolk, VA.
What are key features of this property?
This property features: 103‑unit multifamily portfolio; Twelve buildings across ten distinct locations; 48 one‑bedroom/one‑bathroom units
More about this property
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