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Over-Under Duplex
For Sale
$280,000

1503 Elm Avenue, Portsmouth, VA 23704

Multi Family Residential, Over/Under, Portsmouth, VA

Property Size3,390 SF
Price / SF$82.60
Days on Market96

Property Features for 1503 Elm Avenue

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning URH
Subdivision PRENTIS PARK
Lot features Corner
Elementary school Waterview Elementary
Middle school Other Middle School
Standard status Active
Size 3,390 SF

Taxes and HOA fees

Tax Annual Amount 4805

Building Details

Year built 1900
Roof type Shingle
Architectural style Other
Listing Agency: RE/MAX Ultra · RE/MAX International
Listed By: Reigne Brown
Added: Jul 16 Changed: Oct 2 Last Checked: Oct 19 at 1:06AM
MLS# 10643938

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.

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Investment Insights

Based on property information with market context.

This over-under duplex contains four bedrooms across its two units, with a total of 3,390 square feet. Built in 1900, the property has a shingle roof and sits on an oversized corner parcel with partial fencing. Each residence has its own layout, and utilities are separately metered.

Located in Portsmouth, the property has access to freeways, bridges, and tunnels. Military installations, shipyards, naval hospitals, shopping, entertainment, and local landmarks are also identified among the surrounding destinations.

Key Highlights

  • Four bedrooms across two units
  • 3,390 square feet of building area
  • URH zoning

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Accounting Firm Electrical Service Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop

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
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

701
Businesses Nearby

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
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

Frequently Asked Questions

What type of property is this?
Duplex - URH-zoned property offers separate utility metering for each unit.
Where is this duplex located?
The property is located at 1503 Elm Avenue Portsmouth, VA.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Four bedrooms across two units; 3,390 square feet of building area; URH zoning
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