Updated Duplex with
For Sale
$275,000
3207 Scott St, Portsmouth, VA 23707
Fully occupied duplex with multiple recent building and interior improvements.
Property Size1,650 SF
Price / SF$166.67
Days on Market95
Property Features for 3207 Scott St
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1941
Year Renovated
2025
Buildings
1
Listing Agency:
Morewitz Realty Inc
Listed By:
Crush Real State Group
(757) 690-2300
Source:
Wesellhamptonroadsva
Added: Jul 29
Changed: Oct 31
Last Checked: Oct 30 at 2:10PM
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 Morewitz Realty Inc
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Investment Insights
Based on property information with market context.
This duplex contains 1,650 square feet and was built in 1941. The property is fully occupied, with established tenants in place. Improvements include a roof replacement completed in 2020, kitchen updates from 2021, HVAC replacement in 2023, and electrical panel upgrades completed in 2016. Bathrooms were renovated and the interiors received fresh paint in 2025.
The property is located near shopping centers, restaurants, and everyday services, with interstate access supporting travel throughout the surrounding area. Its duplex configuration and recent capital improvements provide a clear operating profile for residential income ownership.
The property is located near shopping centers, restaurants, and everyday services, with interstate access supporting travel throughout the surrounding area. Its duplex configuration and recent capital improvements provide a clear operating profile for residential income ownership.
Key Highlights
- Fully occupied duplex with established tenants in place
- 1,650 square feet; built in 1941
- Roof replaced in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,329
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,580
$286.6K
Cap Rate 7%
$204,700
$204.7K
Cap Rate 9%
$159,211
$159.2K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$22.2K $13.44/SF
− Vacancy
−$1.7K −$1.03/SF
EGI
$20.5K $12.41/SF
− OpEx
−$6.1K −$3.72/SF
NOI
$14.3K $8.68/SF
Area
Portsmouth County, VA
Vacancy
7.69%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,580
Cap Rate 7%
$204,700
Cap Rate 9%
$159,211
Alternative Uses
Best Use
Multifamily LT 5
$204.7K
$179.1K – $238.8K
NOI $14,329 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$188.7K
$165.1K – $220.2K
NOI $13,210 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$525.3K
$459.6K – $612.9K
NOI $36,771 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
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Business Placement
Demographics for 23707, VA
14,316
Population
7,216
Households
2
Avg Household Size
36
Median Age
26%
College-Educated
87%
High-School Grad
3.9 sq mi
ZIP Area
3,671
Density / Sq Mi
$51,070
Median Household Income
$37,932
Median Earnings
$1,076
Median Rent
$222,100
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 - Fully occupied duplex with multiple recent building and interior improvements.
Where is this duplex located?
The property is located at 3207 Scott St Portsmouth, VA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Fully occupied duplex with established tenants in place; 1,650 square feet; built in 1941; Roof replaced in 2020
