Duplex on Large
New
For Sale
$285,000
2508 Shell Road, Hampton, VA 23661
Multi Family Residential, Over/Under, Hampton, VA
Property Size2,208 SF
Lot Size0.54 Acres
Price / SF$129.08
Days on Market7
Property Features for 2508 Shell Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
ALL OTHERS AREA 102
Elementary school
Hunter B. Andrews
Middle school
Hunter B. Andrews
Standard status
Active
Size
2,208 SF
Lot size
0.54 Acres
Taxes and HOA fees
Tax Annual Amount
1441
Building Details
Year built
1900
Roof type
Shingle
Architectural style
Other
Listing Agency:
Redfin Corporation
(703) 665-6665
Listed By:
Chasin Washington
(571) 730-7004
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 13 at 5:06PM
MLS# 10656827
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 duplex contains approximately 2,208 square feet on a 0.54-acre parcel. Built in 1900, the building has a shingle roof and is being conveyed as-is. Buyers are responsible for reviewing the property’s condition, zoning, permitted use, and rental-income potential.
Shopping, dining, military installations, and major highways are among the surrounding amenities in Hampton and the Peninsula.
Shopping, dining, military installations, and major highways are among the surrounding amenities in Hampton and the Peninsula.
Key Highlights
- 2,208 square feet on a 0.54‑acre lot
- Built in 1900 with a shingle roof
- Conveys as‑is
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,495
Cap Rate
8.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,900
$509.9K
Cap Rate 7%
$364,214
$364.2K
Cap Rate 9%
$283,278
$283.3K
Market Conditions
NOI Build-Up for 2,208 SF
Gross rent
$38.4K $17.40/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$36.4K $16.50/SF
− OpEx
−$10.9K −$4.95/SF
NOI
$25.5K $11.55/SF
Area
Hampton, VA
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,900
Cap Rate 7%
$364,214
Cap Rate 9%
$283,278
Alternative Uses
Best Use
Multifamily LT 5
$364.2K
$318.7K – $424.9K
NOI $25,495 @ 7.0% cap · market cap 8.95%
Second Best
Apartment 5plus
$336.2K
$294.2K – $392.3K
NOI $23,535 @ 7.0% cap · market cap 8.26%
Theoretical Best
Office A
$574.2K
$502.4K – $669.9K
NOI $40,194 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 23661, VA
13,771
Population
6,614
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
92%
High-School Grad
4.7 sq mi
ZIP Area
2,930
Density / Sq Mi
$66,760
Median Household Income
$44,399
Median Earnings
$1,224
Median Rent
$200,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property is offered in its current condition, with buyers responsible for evaluating its condition and permitted use.
Where is this duplex located?
The property is located at 2508 Shell Road Hampton, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 2,208 square feet on a 0.54‑acre lot; Built in 1900 with a shingle roof; Conveys as‑is
