5-Unit Apartment Building with
For Sale
$700,000
1957 E Ocean View Ave, Norfolk, VA 23503
All-brick multifamily property with off-street parking, a detached garage, and separately metered apartment electricity.
Property SizeContact for details
Days on Market34
Property Features for 1957 E Ocean View Ave
General Information
Standard status
Active
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,540
Listing Agency:
BHHS RW Towne Realty
(757) 217-4200
Listed By:
Katie Howlett
Source:
Exprealty
Added: Jul 10
Changed: Aug 10
Last Checked: Aug 11 at 11:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS RW Towne Realty
Investment Insights
Based on property information with market context.
Located at 1957 E Ocean View Ave in Norfolk, this 3,175-square-foot all-brick apartment building contains five units: four one-bedroom, one-bath apartments and one two-bedroom, two-bath apartment. A detached garage and off-street parking are also included, with the garage providing an additional occupied component. All apartments and the garage are currently occupied.
Unit E has updated kitchen and bath finishes, luxury vinyl plank flooring, and fresh paint. Unit C includes washer and dryer hookups. Electricity is separately metered for each apartment and paid by the tenants, while the owner handles gas, water, sewer, and trash. The property sits across the street from the Chesapeake Bay in Norfolk’s Cottage Line area of Ocean View. Its high-elevation lot does not require flood insurance.
Unit E has updated kitchen and bath finishes, luxury vinyl plank flooring, and fresh paint. Unit C includes washer and dryer hookups. Electricity is separately metered for each apartment and paid by the tenants, while the owner handles gas, water, sewer, and trash. The property sits across the street from the Chesapeake Bay in Norfolk’s Cottage Line area of Ocean View. Its high-elevation lot does not require flood insurance.
Key Highlights
- 3,175‑square‑foot all‑brick building with five apartments
- Unit mix includes four 1‑bedroom/1‑bath units and one 2‑bedroom/2‑bath unit
- Detached garage and off‑street parking included
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 23503, VA
31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - All-brick multifamily property with off-street parking, a detached garage, and separately metered apartment electricity.
Where is this apartment building located?
The property is located at 1957 E Ocean View Ave Norfolk, VA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,175‑square‑foot all‑brick building with five apartments; Unit mix includes four 1‑bedroom/1‑bath units and one 2‑bedroom/2‑bath unit; Detached garage and off‑street parking included
