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Multifamily Residential Building
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2107 Pretty Lake Avenue, Norfolk, VA 23518

Residential income property offered for sale in Norfolk, VA, for investors or operators seeking rental ownership.

Property SizeContact for details
Days on Market144

Property Features for 2107 Pretty Lake Avenue

General Information

Standard status Active
Class B
Property subtype Multifamily
Zoning R-C

Building Details

Year Built 1989
Year Renovated 2023
Buildings 2
Stories 3
Units 33
Listing Agency: Greysteel
Listed By: Kyle Tangney · License #VA 0225081719
Source: Crexi
Added: May 27 Changed: Oct 7 Last Checked: Oct 16 at 6:34AM

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 Greysteel

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Investment Insights

Based on property information with market context.

This offering is a multifamily residential building presented as a residential income property for sale. As an apartment-style asset, the property is designed to support rental housing operations rather than single-tenant or owner-occupied use.

Located at 2107 Pretty Lake Avenue in Norfolk, Virginia 23518, the property provides a straightforward, local option for buyers looking to add multifamily real estate within the Norfolk market. The address supports direct identification for touring, underwriting, and due diligence with the seller or listing broker.

For investors, this type of property can fit a strategy focused on owning and operating rental housing. For owner-operators or purchasing partners, it offers an avenue to acquire a multifamily residential asset through a for-sale transaction. Because no additional building specifics (such as unit count, layout details, condition, or amenities) were provided in the available information, prospective buyers should plan to review the offering materials, current rent and lease details, and the physical condition through a formal inspection and underwriting process.

Key Highlights

  • Residential income property built in 1989
  • Offered for sale in Norfolk, VA

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Spa & Massage Center Hair Salon Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

130
Businesses Nearby

Demographics for 23518, VA

30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Residential income property offered for sale in Norfolk, VA, for investors or operators seeking rental ownership.
Where is this apartment building located?
The property is located at 2107 Pretty Lake Avenue Norfolk, VA.
What are key features of this property?
This property features: Residential income property built in 1989; Offered for sale in Norfolk, VA
(202) 280-2730 Call to check price and availability
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