169 D VIEW Avenue Norfolk, VA 23503
MULTI_FAMILY - Norfolk, VA
Property Features for 169 D VIEW Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 2,000 SF
Taxes and HOA fees
- Tax Annual Amount
- 2864
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1929
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Jonathan Minerick License #5014919 (888) 400-2513
Listing office homecoin.com 600 B St. Suite 300, San Diego, VA (888) 400-2513
Listing date Jul 3, 2026
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Investment Insights
Based on property information with market context.
The property is located in Norfolk, Virginia, listed as just 3 blocks to Ocean View Beach Park. It is also described as close to Harris Teeter Shopping Center, supporting convenient access to everyday retail needs.
For tenants, the configuration provides two full, self-contained homes with the same bedroom and bath count, along with direct access to a private backyard area. For buyers and owner-operators, the duplex format can help streamline management while offering consistent unit layouts. The included appliances and dedicated shed storage reduce immediate move-in burdens, and the attic presents additional flexibility for future use depending on the owner’s plans.
Key Highlights
- Newly renovated over/under duplex with waterfront features and Year Built 1929
- Each unit offers 2 bedrooms and 1 bath
- New everything throughout both units; all appliances, sheds, and picnic tables convey
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.6k | $19.80 |
| − Vacancy | −$2.2k | −$1.09 |
| EGI | $37.4k | $18.71 |
| − OpEx | −$11.2k | −$5.61 |
| NOI | $26.2k | $13.10 |
