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River Park Tower Multifamily Opportunity
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2601 West Ave Newport, Newport News, VA 23607

184-unit high-rise with James River views in Newport News.

Property SizeContact for details
Days on Market217

Property Features for 2601 West Ave Newport

General Information

Standard status Active

Building Details

Year Built 1987
Units 184
Listing Agency: Galloway Real Estate
Listed By: Garrison Gore · License #397157
Source: Nmrk
Added: Jan 27 Changed: Aug 8 Last Checked: May 11 at 7:10AM

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 Galloway Real Estate

Investment Insights

Based on property information with market context.

River Park Tower is a landmark 184-unit high-rise in Newport News offering unobstructed views of the James River. This property presents a value-add opportunity and is located within walking proximity to Newport News Shipbuilding, Virginia’s largest private employer and a division of Huntington Ingalls Industries.

Key Highlights

  • Landmark 184‑unit high‑rise with sweeping, unobstructed views of the James River.
  • Rare value‑add opportunity.
  • Walking proximity to Newport News Shipbuilding, Virginia’s largest private employer.

Property Analytics

Current Use

River Park Tower ... Apartment Complex The Hippy And The Egg Restaurant BEVIBLES LLC Bakery tamara's promise tamara's ... Consultant BVF River Park ... Apartment Building

Suggested Use

Top Pick HVAC Service Plumbing Service Bakery (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

334
Businesses Nearby

Demographics for 23607, VA

23,498
Population
10,764
Households
2.2
Avg Household Size
33
Median Age
14%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
3,916
Density / Sq Mi
$42,904
Median Household Income
$33,746
Median Earnings
$1,104
Median Rent
$146,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - 184-unit high-rise with James River views in Newport News.
Where is this apartment building located?
The property is located at 2601 West Ave Newport Newport News, VA.
What are key features of this property?
This property features: Landmark 184‑unit high‑rise with sweeping, unobstructed views of the James River.; Rare value‑add opportunity.; Walking proximity to Newport News Shipbuilding, Virginia’s largest private employer.
More about this property
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