Two-Unit Duplex with Covered
For Sale
$329,999
1909 High Street, Portsmouth, VA 23704
MULTI_FAMILY - Portsmouth, VA
Property Size1,581 SF
Price / SF$208.73
Days on Market50
Property Features for 1909 High Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
NMU
Subdivision
PARK VIEW - 039
Lot features
Deck, Patio, Shed
Elementary school
Park View Elementary
Middle school
Churchland Middle
Directions
I-264 W to Effingham St, right on High St to 1909
Standard status
Active
Size
1,581 SF
Taxes and HOA fees
Tax Annual Amount
1361
Utilities
Water front features
Waterfront
Amenities
eat-in kitchen
fireplace
covered patio
wood deck
fenced backyard
detached storage outbuilding
Building Details
Year built
1900
Roof type
Shingle
Architectural style
Other
Listing Agency:
Cottage Street Realty LLC
(703) 848-9292
Listed By:
Debbie Crevier-Kent · License #0225030213
(703) 242-0005
Added: Jun 17
Changed: Jul 30
Last Checked: Aug 5 at 4:06PM
MLS# 10639458
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 two-story two-unit duplex offers flexible living arrangements with three bedrooms and 2.5 baths spread across two stacked units. The home features an eat-in kitchen, a fireplace, and outdoor space including a covered patio, wood deck, and fenced backyard. A detached storage outbuilding adds convenient extra storage. The exterior is low-maintenance with vinyl and brick, and the roof is shingle.
Upgrades for 2025 include luxury vinyl plank flooring and ductless mini-split systems, along with forced-air heat and central air. All appliances convey, supporting an owner-occupant or investor plan. The property is located within a designated Portsmouth Opportunity Zone, and public transportation is on the corner.
Waterfront features are indicated as well, providing an additional detail for due diligence when evaluating the property’s surroundings.
Upgrades for 2025 include luxury vinyl plank flooring and ductless mini-split systems, along with forced-air heat and central air. All appliances convey, supporting an owner-occupant or investor plan. The property is located within a designated Portsmouth Opportunity Zone, and public transportation is on the corner.
Waterfront features are indicated as well, providing an additional detail for due diligence when evaluating the property’s surroundings.
Key Highlights
- NMU zoning, two‑story duplex with three bedrooms and 2.5 baths across two stacked units
- 2025 upgrades: luxury vinyl plank flooring and ductless mini‑split systems
- Forced‑air heat and central air plus appliances convey
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 | $21.2k | $13.44 |
| − Vacancy | −$1.6k | −$1.03 |
| EGI | $19.6k | $12.41 |
| − OpEx | −$5.9k | −$3.72 |
| NOI | $13.7k | $8.68 |
1,581 SF · lease $13.44/SF/yr · vacancy 7.69% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$196.1K
$171.6K – $228.8K
NOI $13,730 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$503.3K
$440.4K – $587.2K
NOI $35,233 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 23704, VA
19,505
Population
9,538
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
4,334
Density / Sq Mi
$44,739
Median Household Income
$34,488
Median Earnings
$1,279
Median Rent
$197,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-story duplex in NMU zoning with 2025 upgrades, ductless mini-splits, and outdoor living space with patio and deck.
Where is this duplex located?
The property is located at 1909 High Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $329,999.
What are key features of this property?
This property features: NMU zoning, two‑story duplex with three bedrooms and 2.5 baths across two stacked units; 2025 upgrades: luxury vinyl plank flooring and ductless mini‑split systems; Forced‑air heat and central air plus appliances convey
