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2 Colonial Place Newport News, VA 23601

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For Sale
$750,000

Five properties in prime location with value-add potential.

Type:Multifamily
Lot size:
0.34 Acres
Added:
Mar 5, 2026
Days on Market:
27
Last Refresh:
Mar 25 at 8:55 pm

Property Features for 2 Colonial Place

General Information

Standard status
Active
Lot size
0.34 Acres
Property subtype
Multifamily

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Listing Contact
John Wilson

Listing agent John Wilson

Listing office CBC Brooks Real Estate

Listing date Mar 5, 2026

Source Cbcworldwide

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 CBC Brooks Real Estate


Overview

Residential Portfolio in Excellent Location

This portfolio comprises five properties situated on 0.34 acres. Zoned for mixed-use, the properties have been utilized for residential purposes for many years. Offered below appraised value, the portfolio is sold in "as is, where is" condition. An information package is available upon signing a Confidentiality Agreement. The properties are tenant-occupied, and tenants are not to be disturbed. This investment opportunity is suited for an investor with cash resources and construction expertise or access to construction assistance, as the value-add component involves property improvements. The location is excellent, and improvements to this portfolio can lead to successful resale or sustained rental income. Contingencies for financing or bank appraisals are not accepted. Owner financing is unavailable.
Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Newport News
County
Newport News
State
Virginia
Longitude
-76.4729
Latitude
37.0479

FAQs

What type of property is this?
Multifamily property - Five properties in prime location with value-add potential.
Where is this multifamily property located?
The property is located at 2 Colonial Place Newport News, VA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Portfolio of five properties.; Below appraised value.; Excellent location.
More about this property
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