Portsmouth Duplex With Two
18 Barney Place Portsmouth, VA 23702
For Sale
$329,900
MULTI_FAMILY - Portsmouth, VA
Property Size2,110 SF
Price / SF$156.35
Days on Market8
Property Features for 18 Barney Place
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
HR
Standard status
Active
Size
2,110 SF
Taxes and HOA fees
Tax Annual Amount
2099
Utilities
Water front features
Waterfront
Building Details
Year built
1928
Roof type
Composition
Architectural style
Other
Listing Agency:
Iron Valley Real Est Norfolk
(757) 900-4873
Listed By:
Ellen Davina Hughes
(757) 900-4873
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 30 at 9:06AM
MLS# 10645641
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.
Investment Insights
Based on property information with market context.
This Portsmouth duplex offers two side-by-side units, with each residence having its own private driveway and a covered front porch. The property also includes a fenced backyard that provides outdoor space usable by both units.
The home is located at 18 Barney Place in Portsmouth, Virginia 23702. The listing is zoned HR.
As a residential income property, the duplex configuration supports either owner-occupancy with rental income from the second unit or leasing both units, according to the listing remarks.
The home is located at 18 Barney Place in Portsmouth, Virginia 23702. The listing is zoned HR.
As a residential income property, the duplex configuration supports either owner-occupancy with rental income from the second unit or leasing both units, according to the listing remarks.
Key Highlights
- Duplex with two side‑by‑side units
- Each unit has its own private driveway and covered front porch
- Fenced backyard provides usable outdoor space for both units
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 | $28.4k | $13.44 |
| − Vacancy | −$2.2k | −$1.03 |
| EGI | $26.2k | $12.41 |
| − OpEx | −$7.9k | −$3.72 |
| NOI | $18.3k | $8.68 |
2,110 SF · lease $13.44/SF/yr · vacancy 7.69% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.8K
$229.1K – $305.4K
NOI $18,324 @ 7.0% cap · market cap 5.55%
Second Best
Apartment 5plus
$241.3K
$211.2K – $281.6K
NOI $16,893 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$671.7K
$587.8K – $783.7K
NOI $47,022 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex features two side-by-side units, each with a private driveway, covered front porch, and fenced backyard area.
Where is this duplex located?
The property is located at 18 Barney Place Portsmouth, VA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Duplex with two side‑by‑side units; Each unit has its own private driveway and covered front porch; Fenced backyard provides usable outdoor space for both units
