5-Unit Apartment
New
For Sale
$1,200,000
2504 Arctic Ave, Virginia Beach, VA 23451
Two separate buildings offer a mix of one- and three-bedroom apartments in the Old Beach area.
Property SizeContact for details
Days on Market3
Property Features for 2504 Arctic Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Zoning
A-12
Units
Unit Mix
1 x 3BR/1BA, 4 x 1BR/1BA
Multifamily Units
5
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1935
Buildings
2
Listing Agency:
Hornsby Real Estate Co
Listed By:
Brian Wurst
(757) 424-9007
Source:
Abwrealty
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 24 at 1:37PM
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 Hornsby Real Estate Co
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Investment Insights
Based on property information with market context.
This 1935 multifamily property comprises five apartments across two separate buildings. The unit mix includes one three-bedroom, one-bath residence and four one-bedroom, one-bath units. Three apartments are occupied and managed; two are available to show, with two identified for rehabilitation and rent stabilization. The property is offered as-is, where-is.
Situated in Old Beach, the property is two blocks from the beach. It carries A-12 zoning and is within the Old Beach Overlay Redevelopment area; short-term rental use is not permitted.
Situated in Old Beach, the property is two blocks from the beach. It carries A-12 zoning and is within the Old Beach Overlay Redevelopment area; short-term rental use is not permitted.
Key Highlights
- Five apartments across two separate buildings
- Unit mix includes one 3‑bedroom/1‑bath apartment and four 1‑bedroom/1‑bath apartments
- Three units are occupied and managed; two are available to show
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,574
Businesses Nearby
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Business Placement
Demographics for 23451, VA
44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate buildings offer a mix of one- and three-bedroom apartments in the Old Beach area.
Where is this apartment building located?
The property is located at 2504 Arctic Ave Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Five apartments across two separate buildings; Unit mix includes one 3‑bedroom/1‑bath apartment and four 1‑bedroom/1‑bath apartments; Three units are occupied and managed; two are available to show
