370 Carver Circle Portsmouth, VA 23701
MULTI_FAMILY - Portsmouth, VA
- Added:
- Oct 24, 2025
- Days on Market:
- 261
- Last Refresh:
- Jul 11 at 7:06 pm
Property Features for 370 Carver Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- URH
- Standard status
- Active
- Size
- 2,070 SF
Taxes and HOA fees
- Tax Annual Amount
- 2860
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1942
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Ryan Harrell (757) 410-8500
Listing office The Real Estate Group 401 N Great Neck Rd. #126, Chesapeake, VA (757) 961-9090
Listing date Oct 24, 2025
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.
Investment Insights
Based on property information with market context.
The duplex is located in Portsmouth, VA, with convenience to the shipyards, military bases, interstate access, and nearby shopping centers. The listing notes a monthly water utility fee of $150 per unit.
The property is currently occupied, and additional notice is required to schedule showings. Contact the listing agent for details.
Key Highlights
- 3‑bedroom, 2‑bath duplex unit with a spacious yard for entertaining
- Year built 1942; shingle roof
- Interior features include flooring, plentiful windows for natural light, and washer/dryer hookups
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.8k | $13.44 |
| − Vacancy | −$2.1k | −$1.03 |
| EGI | $25.7k | $12.41 |
| − OpEx | −$7.7k | −$3.72 |
| NOI | $18.0k | $8.68 |
