Over-Under Duplex with Three-Bedroom
New
For Sale
$315,000
3100 Vimy Ridge Avenue, Norfolk, VA 23509
Multi Family Residential, Over/Under, Norfolk, VA
Property Size1,750 SF
Price / SF$180
Days on Market4
Property Features for 3100 Vimy Ridge Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-8
Subdivision
LAFAYETTE ANNEX
Elementary school
Lindenwood Elementary
Middle school
Azalea Gardens Middle
Standard status
Active
Size
1,750 SF
Taxes and HOA fees
Tax Annual Amount
2967
Building Details
Year built
1922
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Coastal Virginia Chesapeake · Keller Williams Realty
Listed By:
Jamese Harte
(757) 361-0106
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 17 at 2:06AM
MLS# 10657798
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.
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,750 square feet arranged as an upper residence and a lower residence. Each unit has three bedrooms and one bathroom. The property was built in 1922 and has a shingle roof; it is offered in as-is condition.
Both units are occupied by long-term tenants, who pay their own utilities. The property is zoned R-8 and is located in Norfolk, Virginia.
Both units are occupied by long-term tenants, who pay their own utilities. The property is zoned R-8 and is located in Norfolk, Virginia.
Key Highlights
- Two‑unit duplex with upper and lower residences
- Each unit has 3 bedrooms and 1 bathroom
- 1,750 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,921
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,420
$458.4K
Cap Rate 7%
$327,443
$327.4K
Cap Rate 9%
$254,678
$254.7K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$34.7K $19.80/SF
− Vacancy
−$1.9K −$1.09/SF
EGI
$32.7K $18.71/SF
− OpEx
−$9.8K −$5.61/SF
NOI
$22.9K $13.10/SF
Area
Norfolk, VA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$458,420
Cap Rate 7%
$327,443
Cap Rate 9%
$254,678
Alternative Uses
Best Use
Multifamily LT 5
$327.4K
$286.5K – $382.0K
NOI $22,921 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$294.1K
$257.3K – $343.1K
NOI $20,585 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$371.2K
$324.8K – $433.1K
NOI $25,987 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 23509, VA
12,963
Population
5,920
Households
2.2
Avg Household Size
38
Median Age
29%
College-Educated
86%
High-School Grad
2.5 sq mi
ZIP Area
5,185
Density / Sq Mi
$70,715
Median Household Income
$38,850
Median Earnings
$1,259
Median Rent
$238,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a three-bedroom, one-bath layout in an upper-and-lower configuration.
Where is this duplex located?
The property is located at 3100 Vimy Ridge Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two‑unit duplex with upper and lower residences; Each unit has 3 bedrooms and 1 bathroom; 1,750 square feet
