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    243 Newport News Ave Hampton, VA 23669

    For Sale
    $349,900

    Fully leased triplex with recent exterior upgrades and good rental numbers.

    Property Features for 243 Newport News Ave

    General Information

    Exterior features
    exterior_features, : ["Asphalt Shingle"]

    Building Details

    Year built
    1903

    Source: Mid-Atlantic Residential Agent Mid-Atlantic Residential

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Triplex with Upgrades

    This fully leased triplex presents an opportunity for investors seeking to expand or initiate a rental portfolio. The property features a large lot with parking spaces located at the rear, complemented by a spacious wrap-around front porch. Exterior upgrades include vinyl siding, vinyl windows, and an architectural shingled roof that is approximately 5 years old. One of the interior units was renovated several years ago and is equipped with a tankless water heater.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    York
    State
    Virginia
    Longitude
    -76.3514245
    Latitude
    37.0214607

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    FAQs

    What type of property is this?
    Triplex - Fully leased triplex with recent exterior upgrades and good rental numbers.
    Where is this triplex located?
    The property is located at 243 Newport News Ave Hampton, VA.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Fully leased triplex providing immediate rental income.; - Large lot with rear parking.; - Recently upgraded exterior: vinyl siding, vinyl windows, and architectural shingle roof (approx. 5 years old).
    Request Owner's contact information
    243 Newport News Ave Hampton, VA 23669
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    243 Newport News Ave Hampton, VA 23669
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