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Renovated Two-Unit Duplex
For Sale
$320,000

1502 Victory Boulevard, Portsmouth, VA 23702

Updated duplex with separate residential layouts, covered parking, and private driveway access for both units.

Property SizeContact for details
Days on Market185

Property Features for 1502 Victory Boulevard

General Information

Standard status Active
Property subtype Duplex

Additional Details

Multifamily Units 2

Amenities

Asphalt Shingle

Building Details

Year Built 1956
Buildings 1
Listed By: Rachel Beasley · License #0225202373
Source: Kw
Added: Mar 15 Changed: Sep 15 Last Checked: Sep 14 at 2:34PM

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 Rachel Beasley

Investment Insights

Based on property information with market context.

Built in 1956, this duplex contains two residential units arranged with practical living space on the first floor and bedrooms upstairs. Each unit includes a living room, dining area, kitchen, laundry area, and storage closet, while the upper level provides two bedrooms and a hall bathroom.

Recent improvements include a new roof, refinished oak hardwood flooring, updated kitchen cabinetry with granite countertops, new appliances, renovated bathrooms, and fresh paint and fixtures throughout. Both units have private parking provided by the carport and driveway.

Key Highlights

  • Two‑unit duplex with two bedrooms and one hall bathroom in each unit
  • First‑floor living, dining, kitchen, laundry, and storage areas in both units
  • New roof and refinished oak hardwood flooring

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Parking Lot & Garage Pharmacy Building Supply

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

290
Businesses Nearby

Demographics for 23702, VA

12,239
Population
5,278
Households
2.3
Avg Household Size
33
Median Age
9%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
5,100
Density / Sq Mi
$48,288
Median Household Income
$35,716
Median Earnings
$1,228
Median Rent
$188,600
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

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?
Duplex - Updated duplex with separate residential layouts, covered parking, and private driveway access for both units.
Where is this duplex located?
The property is located at 1502 Victory Boulevard Portsmouth, VA.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one hall bathroom in each unit; First‑floor living, dining, kitchen, laundry, and storage areas in both units; New roof and refinished oak hardwood flooring
More about this property
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