226 S Willard Avenue, Hampton, VA 23663
- Added:
- Jun 18, 2026
- Days on Market:
- 6
- Last Refresh:
- Jun 23 at 1:06 pm
Property Features for 226 S Willard Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R13
- Standard status
- Active
- Size
- 2,740 SF
Taxes and HOA fees
- Tax Annual Amount
- 4690
Utilities
- Water front features
- Creek
- Water front
- 1
Building Details
- Year built
- 1893
- Roof type
- Shingle, Slate
- Architectural style
- Other
Listing agent Joyclyn Kananen (866) 825-7169
Listing office EXP Realty LLC 4175 Ironbound Rd., Virginia Beache, VA (866) 825-7169
Listing date Jun 18, 2026
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.
HighLights
- Historic 2‑story home (built 1893) on a corner lot with partial water views of Mill Creek and the Bay from the upper porch
- Currently configured as a duplex: each unit has 3 bedrooms and 1 full bath
- Interior features include hardwood floors, high ceilings, built‑in bookshelves, and ceramic‑tiled bathrooms
- Double covered porches plus detached garage
- Could be converted back to a 6‑bedroom, 2‑bath single‑family home
- As‑is sale; TLC includes fresh paint and ceiling drywall repairs for the upper unit after a previous leak
Overview
Located in historic Phoebus, the upper level provides partial water views of Mill Creek and the Bay from the upper porch and top deck. The property is listed in zoning R13 and is described as being near downtown Phoebus, Fort Monroe, and Buckroe Beach.
The existing duplex layout may fit investors or occupants seeking two separate living spaces, while the structure can also be converted back to a single-family residence with 6 bedrooms and 2 full baths, depending on buyer preference and design approach. With the noted as-is condition and targeted repair items, this offering can be a workable option for buyers comfortable managing interior updates and completing the identified ceiling drywall repairs.
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 | $47.7k | $17.40 |
| − Vacancy | −$2.5k | −$0.90 |
| EGI | $45.2k | $16.50 |
| − OpEx | −$13.6k | −$4.95 |
| NOI | $31.6k | $11.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- York
- State
- Virginia
- Longitude
- -76.3216112
- Latitude
- 37.0144007
