Updated
For Sale
$275,000
3207 Scott Street, Portsmouth, VA 23707
Multi Family Residential, Converted S.F., Portsmouth, VA
Property Size1,650 SF
Price / SF$166.67
Days on Market97
Property Features for 3207 Scott Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
UR
Subdivision
WESTHAVEN PARK
Elementary school
Westhaven Elementary
Middle school
William E. Waters Middle
Standard status
Active
Size
1,650 SF
Taxes and HOA fees
Tax Annual Amount
2934
Building Details
Year built
1941
Roof type
Shingle
Architectural style
Other
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 436-3636
Listed By:
David Wilkey · License #232478
(757) 690-0439
Added: Jul 27
Changed: Oct 2
Last Checked: Oct 31 at 10:06AM
MLS# 10646135
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 1,650-square-foot duplex was built in 1941 and is fully occupied. Improvements include a shingle roof installed in 2020, an updated kitchen in 2021, HVAC replacement in 2023, and renovated bathrooms with fresh interior paint in 2025. Electrical panel work was completed in 2016.
Shopping centers, restaurants, and everyday services are nearby, with interstate access for travel throughout the area.
Shopping centers, restaurants, and everyday services are nearby, with interstate access for travel throughout the area.
Key Highlights
- Fully occupied duplex with 1,650 square feet
- Roof replaced in 2020; shingle roofing
- Kitchen updated in 2021
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
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 - Both residences are occupied, and improvements include work to the kitchen, bathrooms, HVAC, roof, and electrical panels.
Where is this duplex located?
The property is located at 3207 Scott Street 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 1,650 square feet; Roof replaced in 2020; shingle roofing; Kitchen updated in 2021
