Portsmouth Duplex
2200 Pearl Street Portsmouth, VA 23704
New
2200 Pearl Street, Portsmouth, VA, 23704
$150,000
For Sale
$150,000
MULTI_FAMILY - Portsmouth, VA
Property Size1,420 SF
Price / SF$105.63
Days on Market4
Property Features for 2200 Pearl Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- UR
- Standard status
- Active
- Size
- 1,420 SF
Taxes and HOA fees
- Tax Annual Amount
- 2132
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1920
- Roof type
- Metal
- Architectural style
- Other
Listing Agency
Abrams Realty
(757) 644-3800
4560 South Blvd. Suite #120, Virginia Beach, VA
Listed by
Amanda Broadus
(757) 642-0118
Added: Jul 15 Checked: Jul 18 at 7:06 pm
MLS# 10644485
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 property is a duplex in Portsmouth. The listing describes an oversized lot with a spacious yard, offering room for possible future expansion. The duplex is offered for sale on an as-is, where-is basis.
The address is 2200 Pearl Street, Portsmouth, Virginia 23704.
For investors or owner-occupants seeking a residential income duplex, the primary features highlighted are the duplex configuration and the available yard/lot area.
The address is 2200 Pearl Street, Portsmouth, Virginia 23704.
For investors or owner-occupants seeking a residential income duplex, the primary features highlighted are the duplex configuration and the available yard/lot area.
Key Highlights
- Duplex property with waterfront features
- Year built: 1920
- Metal roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $19.1k | $13.44 |
| − Vacancy | −$1.5k | −$1.03 |
| EGI | $17.6k | $12.41 |
| − OpEx | −$5.3k | −$3.72 |
| NOI | $12.3k | $8.68 |
1,420 SF · lease $13.44/SF/yr · vacancy 7.69% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$176.2K
$154.2K – $205.5K
NOI $12,332 @ 7.0% cap · market cap 8.22%
Second Best
Apartment 5plus
$162.4K
$142.1K – $189.5K
NOI $11,369 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$452.1K
$395.6K – $527.4K
NOI $31,645 @ 7.0% cap · market cap 21.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex in Portsmouth with an oversized lot and yard, sold as-is where-is.
Where is this duplex located?
The property is located at 2200 Pearl Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Duplex property with waterfront features; Year built: 1920; Metal roof
