1721 E Ocean View Ave Norfolk, VA 23503

Listing agency Hampton Roads Office a***@marcusmillichap.com Show Phone

Listed by Altay Uzun · License #License(s): VA: 0225214405 Show Phone

Source Marcusmillichap

Added: Apr 3 Updated: Jul 10 at 1:16PM Checked: Jul 22 at 2:09AM

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Investment Insights

Based on property information with market context.

OV Living is a 103-unit multifamily portfolio located in Norfolk, VA, spanning ten distinct locations across twelve buildings. The unit mix includes forty-eight one-bedroom/one-bathroom units, forty-seven two-bedroom/one-bathroom units, and eight two-bedroom/one-and-a-half-bathroom units. Norfolk, VA, is situated in the heart of the Hampton Roads metropolitan area, which has a population of over 1.7 million people. Its central location within the region establishes it as a significant economic and cultural hub, attracting a diverse population and providing a stable demand for housing. Norfolk benefits from a robust and diversified economy. It is home to major military installations, including the Naval Station Norfolk, which is the largest naval base in the world. The presence of military personnel and related industries provides a consistent demand for rental properties.

Key Highlights

• 103‑unit multifamily portfolio offers immediate scale and diversification.
• Located in Norfolk, VA, a central economic and cultural hub within the Hampton Roads metropolitan area.
• Diverse unit mix featuring one and two‑bedroom options.

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FAQs

What type of property is this?

Apartment building - 103-unit multifamily portfolio across ten locations in Norfolk, Virginia.

Where is this apartment building located?

The property is located at 1721 E Ocean View Ave Norfolk, VA.

What are key features of this property?

This property features: 103‑unit multifamily portfolio offers immediate scale and diversification.; Located in Norfolk, VA, a central economic and cultural hub within the Hampton Roads metropolitan area.; Diverse unit mix featuring one and two‑bedroom options.