Norfolk Multifamily Investment
230 E 40th St, Norfolk, VA 23504
16-unit multifamily community in Norfolk, Virginia.
Type:Multifamily
Property size:
32,793 SFLot size:
0.33 AcresPrice / SF:
$102/SF- Added:
- Mar 19, 2026
- Days on Market:
- 74
- Last Refresh:
- Mar 20 at 8:46 pm
Property Features for 230 E 40th St
General Information
- Standard status
- Active
- Size
- 32,793 SF
- Lot size
- 0.33 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1918
Listing agent Altay Uzun License #VA 0225214405
Listing office Marcus & Millichap - Hampton Roads
Listing date Mar 19, 2026
Source Crexi
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 Marcus & Millichap - Hampton Roads
HighLights
- 16‑unit multifamily community in Norfolk, Virginia.
- All units are spacious two‑bedroom, two‑bathroom apartments.
- Located in the heart of the Hampton Roads metropolitan area.
- Close proximity to major military installations, including Naval Station Norfolk.
- Easy access to Interstates 64, 264, and 564, and Granby Street.
- Located within 10 minutes of Norfolk International Airport, IKEA, and the Simon Premium Outlet Mall.
Overview
Woodrow Court is a 16-unit multifamily community located at 230 East 40th Street in Norfolk, Virginia. The property consists of one four-story building constructed in 1918 and situated on approximately 0.329 acres. Woodrow Court is comprised entirely of spacious two-bedroom, two-bathroom units, offering an attractive unit mix well suited to today’s renter demand. Positioned in the heart of the Hampton Roads metropolitan area, home to more than 1.7 million residents, Norfolk serves as a major economic and cultural hub within the region. The city benefits from a diverse and stable economic base anchored by major military installations, including Naval Station Norfolk, the largest naval base in the world. The consistent presence of military personnel, defense contractors, and related industries provides durable demand for rental housing and supports long-term occupancy stability. Woodrow Court offers convenient regional connectivity with easy access to Interstates 64, 264, and 564; as well as Granby Street, one of Norfolk’s primary commercial corridors. The property is located within 10 minutes of Norfolk International Airport, IKEA, and the Simon Premium Outlet Mall; and is in proximity to numerous employment centers throughout the metro area. The combination of a strong unit mix, transit-oriented access, and proximity to major economic drivers positions Woodrow Court as a compelling multifamily investment in a stable coastal Virginia market.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.2790213
- Latitude
- 36.8838512
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 16-unit multifamily community in Norfolk, Virginia.
Where is this apartment building located?
The property is located at 230 E 40th St Norfolk, VA.
What is the asking price?
The asking price for this property is $3,375,000.
What are key features of this property?
This property features: 16‑unit multifamily community in Norfolk, Virginia.; All units are spacious two‑bedroom, two‑bathroom apartments.; Located in the heart of the Hampton Roads metropolitan area.
