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32-Unit Apartment Portfolio
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3515 Pleasant Ave, Norfolk, VA 23518

Four-building multifamily asset with two-bedroom residences and select on-site laundry facilities.

Property SizeContact for details
Days on Market143

Property Features for 3515 Pleasant Ave

General Information

Standard status Active
Property subtype Multifamily

Units

Unit Mix 32 x 2BR/1BA
Multifamily Units 32

Amenities

linoleum flooring
carpeting
matching appliances
spacious closets
baseboard heating
on-site laundry facility

Building Details

Buildings 4
Listing Agency: Marcus & Millichap - Hampton Roads
Listed By: Altay Uzun · License #VA 0225214405
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 1:40PM

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 Marcus & Millichap - Hampton Roads

Investment Insights

Based on property information with market context.

The East Ocean View Portfolio comprises 32 two-bedroom, one-bathroom apartments distributed across four buildings in Norfolk, Virginia. The buildings were constructed between 1974 and 1988, and residences include linoleum and carpet flooring, matching appliances, spacious closets, and baseboard heating. Select properties also provide on-site laundry facilities.

Located at 3515 Pleasant Ave, the portfolio is positioned within the Hampton Roads market. The regional economy includes port operations, shipyards, maritime industries, aerospace, food and beverage processing, and the U.S. Armed Forces. Hampton Roads also includes seven universities and three community colleges that graduate approximately 17,000 students annually.

Key Highlights

  • 32 two‑bedroom, one‑bathroom apartment units
  • Four buildings constructed between 1974 and 1988
  • Linoleum and carpet flooring in residences

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Building Supply Dental Office Skin Care Clinic Parking Lot & Garage Auto Parts Store

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

32
Residential units

Location Intelligence

Trade Area within ½ mile

330
Businesses Nearby

Demographics for 23518, VA

30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
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 - Four-building multifamily asset with two-bedroom residences and select on-site laundry facilities.
Where is this apartment building located?
The property is located at 3515 Pleasant Ave Norfolk, VA.
What are key features of this property?
This property features: 32 two‑bedroom, one‑bathroom apartment units; Four buildings constructed between 1974 and 1988; Linoleum and carpet flooring in residences
More about this property
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