Side-by-Side
New
For Sale
$980,000
207 89th Street, Virginia Beach, VA 23451
Multi Family Residential, Side by Side, Virginia Beach, VA
Property Size2,419 SF
Price / SF$405.13
Days on Market5
Property Features for 207 89th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5R
Subdivision
NORTH END VA. BEACH
Lot features
Patio, Wooded
Elementary school
Linkhorn Park Elementary
Middle school
Virginia Beach Middle
Directions
Atlantic Avenue -> Left turn on 89th Street -> Home on left
Standard status
Active
Size
2,419 SF
Taxes and HOA fees
Tax Annual Amount
7269
Amenities
private balcony
rooftop terrace
private patio
outdoor shower
fireplace
updated kitchen
newer appliances
jetted tub
Building Details
Year built
1969
Roof type
Shingle
Architectural style
Other
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 436-3636
Listed By:
Shontese Catten
(757) 690-0439
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 3:06PM
MLS# 10656061
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 duplex contains two connected residences with separate entrances. The larger unit measures approximately 1,339 SF and includes a renovated kitchen with newer appliances, a fireplace, a primary suite with adjoining flexible space, an en-suite bath with jetted tub, a balcony, and a rooftop terrace. The second residence is approximately 1,080 SF, with two bedrooms, a full bath, a fireplace, an updated kitchen, a private patio, and an outdoor shower. Both residences have interior connectivity.
The property is a five-minute walk from the beach in Virginia Beach’s North End. Improvements include a new roof, exterior paint, refreshed outdoor areas, updated landscaping, renovated kitchens, and newer appliances. The building was constructed in 1969 and is zoned R5R.
The property is a five-minute walk from the beach in Virginia Beach’s North End. Improvements include a new roof, exterior paint, refreshed outdoor areas, updated landscaping, renovated kitchens, and newer appliances. The building was constructed in 1969 and is zoned R5R.
Key Highlights
- Two residences: approximately 1,339 SF and 1,080 SF
- Five‑minute walk to the beach in Virginia Beach’s North End
- Larger residence has a primary suite, jetted tub, balcony, and rooftop terrace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,683
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,660
$633.7K
Cap Rate 7%
$452,614
$452.6K
Cap Rate 9%
$352,033
$352.0K
Market Conditions
NOI Build-Up for 2,419 SF
Gross rent
$47.9K $19.80/SF
− Vacancy
−$2.6K −$1.09/SF
EGI
$45.3K $18.71/SF
− OpEx
−$13.6K −$5.61/SF
NOI
$31.7K $13.10/SF
Area
Virginia Beach, VA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$633,660
Cap Rate 7%
$452,614
Cap Rate 9%
$352,033
Alternative Uses
Best Use
Multifamily LT 5
$452.6K
$396.0K – $528.1K
NOI $31,683 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$419.5K
$367.0K – $489.4K
NOI $29,362 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$620.5K
$543.0K – $724.0K
NOI $43,438 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 23451, VA
44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer private entrances and interior access between them, along with updated kitchens and separate outdoor areas.
Where is this duplex located?
The property is located at 207 89th Street Virginia Beach, VA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Two residences: approximately 1,339 SF and 1,080 SF; Five‑minute walk to the beach in Virginia Beach’s North End; Larger residence has a primary suite, jetted tub, balcony, and rooftop terrace
