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Six-Unit Apartment Building
For Sale
$1,250,000

315 15th St, Virginia Beach, VA 23451

Six one-bedroom residences offer a straightforward multifamily configuration, with five units currently leased.

Property SizeContact for details
Days on Market17

Property Features for 315 15th St

General Information

Standard status Active
Property subtype Residential Income

Units

Unit Mix 6 x 1BR
Multifamily Units 6

Additional Details

Highway Access Yes

Taxes and HOA fees

Annual Taxes $5,952
Listing Agency: Atlantic Sothebys Int'l Realty
Listed By: Lea Marie Ngowakl · License #54173
Source: Exprealty
Added: Aug 27 Changed: Sep 11 Last Checked: Sep 12 at 2:15PM

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 Atlantic Sothebys Int'l Realty

Investment Insights

Based on property information with market context.

This six-unit apartment property includes one-bedroom residences of approximately 713 square feet each. Five units are currently leased, providing an established occupancy position within a compact multifamily asset.

The property is located at 315 15th St in Virginia Beach’s Beach Borough, near the Virginia Beach Oceanfront, Boardwalk, Atlantic Fun Park, ViBe Creative District, dining, coffee shops, boutiques, and beachside entertainment. Java Surf and the restaurants surrounding Rudee Inlet are also nearby. Access to I-264 connects the property with the broader Hampton Roads region.

Key Highlights

  • Six‑unit apartment property with one‑bedroom residences
  • Approximately 713‑square‑foot residences
  • Five units currently leased

Property Analytics

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Current Use

Door Doctor Hardware & Home Improvement

Suggested Use

Top Pick Auto Parts Store Nail Salon HVAC Service Skin Care Clinic Garden Center Plumbing Service

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

Lease Details

6
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,247
Businesses Nearby

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
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

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 - Six one-bedroom residences offer a straightforward multifamily configuration, with five units currently leased.
Where is this apartment building located?
The property is located at 315 15th St Virginia Beach, VA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Six‑unit apartment property with one‑bedroom residences; Approximately 713‑square‑foot residences; Five units currently leased
More about this property
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