Four-Unit Multifamily
For Sale
$430,000
2061 E Ocean View Ave, Norfolk, VA 23503
Occupied apartments offer separate electric service and proximity to the Chesapeake Bay, parks, shopping, dining, and major roadways.
Property SizeContact for details
Days on Market41
Property Features for 2061 E Ocean View Ave
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
100%
Building Details
Tenancy
Multi
Listing Agency:
Judy Boone Realty Inc.
(757) 587-2800
Listed By:
Lisa Martin
Source:
Exprealty
Added: Jul 2
Changed: Jul 31
Last Checked: Aug 11 at 10:29AM
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 Judy Boone Realty Inc.
Investment Insights
Based on property information with market context.
Located at 2061 E Ocean View Ave in Norfolk, this four-unit multifamily property is directly across the street from the Chesapeake Bay. The building contains four two-bedroom apartments, each with separate electric service. All units are occupied, and water, sewer, and trash are included in rent. All windows are being replaced, and the property is offered as-is.
The property must be sold together with the adjacent quadruplex at 2057 E Ocean View Ave, creating a combined eight-unit multifamily opportunity. The Ocean View location is near parks, shopping, dining, and major roadways. The property may qualify for DSCR financing for eligible investors based on property cash flow rather than personal income.
The property must be sold together with the adjacent quadruplex at 2057 E Ocean View Ave, creating a combined eight-unit multifamily opportunity. The Ocean View location is near parks, shopping, dining, and major roadways. The property may qualify for DSCR financing for eligible investors based on property cash flow rather than personal income.
Key Highlights
- Four two‑bedroom apartments, each with separate electric service
- All units occupied with water, sewer, and trash included in rent
- Directly across the street from the Chesapeake Bay
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
115
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Occupied apartments offer separate electric service and proximity to the Chesapeake Bay, parks, shopping, dining, and major roadways.
Where is this quadplex located?
The property is located at 2061 E Ocean View Ave Norfolk, VA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Four two‑bedroom apartments, each with separate electric service; All units occupied with water, sewer, and trash included in rent; Directly across the street from the Chesapeake Bay
