12-Unit Mixed-Use
For Sale
Contact for pricing
1509 Halstead Ave, Norfolk, VA 23502
Two two-story buildings combine one-bedroom apartments with commercial space in Norfolk.
Property SizeContact for details
Days on Market144
Property Features for 1509 Halstead Ave
General Information
Standard status
Active
Property subtype
Mixed Use, Multifamily
Listing Agency:
Marcus & Millichap - Hampton Roads
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 30 at 1:58PM
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.
This Norfolk mixed-use portfolio comprises two separate two-story buildings with 12 one-bedroom, one-bathroom apartments and seven commercial units. The residential component includes four apartments at 1509 Halstead Avenue and eight apartments at 5010 E Princess Anne Road. The Halstead Avenue building was constructed in 1975, while the Princess Anne Road building dates to 1932.
The properties are located at 1509 Halstead Ave and 5010 E Princess Anne Road in Norfolk, Virginia. The sites encompass 0.124 acres and 0.36 acres, respectively, placing the combined asset within the Hampton Roads market. The source information identifies access to the region’s employers and a diverse employment base spanning port operations, shipyards, maritime industries, aerospace, food and beverage processing, and the U.S. Armed Forces.
The properties are located at 1509 Halstead Ave and 5010 E Princess Anne Road in Norfolk, Virginia. The sites encompass 0.124 acres and 0.36 acres, respectively, placing the combined asset within the Hampton Roads market. The source information identifies access to the region’s employers and a diverse employment base spanning port operations, shipyards, maritime industries, aerospace, food and beverage processing, and the U.S. Armed Forces.
Key Highlights
- Four one‑bedroom, one‑bathroom apartments at 1509 Halstead Avenue
- Eight one‑bedroom, one‑bathroom apartments and seven commercial units at 5010 E Princess Anne Road
- 1509 Halstead Avenue building constructed in 1975
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 23502, VA
20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two two-story buildings combine one-bedroom apartments with commercial space in Norfolk.
Where is this mixed-use property located?
The property is located at 1509 Halstead Ave Norfolk, VA.
What are key features of this property?
This property features: Four one‑bedroom, one‑bathroom apartments at 1509 Halstead Avenue; Eight one‑bedroom, one‑bathroom apartments and seven commercial units at 5010 E Princess Anne Road; 1509 Halstead Avenue building constructed in 1975
