1802 Atlanta Avenue Portsmouth, VA 23704
MULTI_FAMILY - Portsmouth, VA
- Added:
- Jul 7, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 11 at 3:06 am
Property Features for 1802 Atlanta Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- UR
- Standard status
- Active
- Size
- 2,400 SF
Taxes and HOA fees
- Tax Annual Amount
- 3245
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1930
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Shannon Paschall (757) 751-0003
Listing office AtCoastal Realty 582 Lynnhaven Pkwy Ste 400, Virginia Beach, VA (757) 751-0003
Listing date Jul 7, 2026
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.
Both units benefit from separate water, gas, and electric meters. The property also features spacious porches and a 4-car driveway, along with additional street parking.
The downstairs unit is currently rented, and the upstairs unit is vacant and available for tours with notice requirements for the occupied unit.
Key Highlights
- Duplex built in 1930 with Waterfront feature
- Downstairs unit is rented for $1,600/month (tenant would like to remain)
- Total of 6 bedrooms and 3 full baths: 3BR/2BA downstairs; 2BR plus bonus room/1BA upstairs
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 | $32.3k | $13.44 |
| − Vacancy | −$2.5k | −$1.03 |
| EGI | $29.8k | $12.41 |
| − OpEx | −$8.9k | −$3.72 |
| NOI | $20.8k | $8.68 |
