Duplex with Laundry
For Sale
$275,000
370 Carver Circle, Portsmouth, VA 23701
Multi Family Residential, Side by Side, Portsmouth, VA
Property Size2,070 SF
Price / SF$132.85
Days on Market367
Property Features for 370 Carver Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
URH
Subdivision
DOUGLAS PARK - 122
Lot features
Wooded
Elementary school
Douglass Park Elementary
Middle school
Cradock Middle
Standard status
Active
Size
2,070 SF
Taxes and HOA fees
Tax Annual Amount
2860
Amenities
washer/dryer hookups
spacious yard
Building Details
Year built
1942
Roof type
Shingle
Architectural style
Other
Listing Agency:
The Real Estate Group
(757) 961-9090
Listed By:
Ryan Harrell
(757) 410-8500
Added: Oct 24, 2025
Changed: Oct 2
Last Checked: Oct 25 at 1:06PM
MLS# 10607416
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.
Built in 1942, this 2,070-square-foot duplex property is zoned URH. The described unit has three bedrooms and two bathrooms, with washer and dryer connections. Interior features include wood-look flooring and multiple windows.
The Portsmouth property is positioned near shipyards, military installations, interstate access, and shopping centers. A yard provides outdoor space. The property is occupied, and advance notice is needed to arrange a showing.
The Portsmouth property is positioned near shipyards, military installations, interstate access, and shopping centers. A yard provides outdoor space. The property is occupied, and advance notice is needed to arrange a showing.
Key Highlights
- 2,070‑square‑foot duplex property
- Three‑bedroom, two‑bath unit
- Washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,977
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,540
$359.5K
Cap Rate 7%
$256,814
$256.8K
Cap Rate 9%
$199,744
$199.7K
Market Conditions
NOI Build-Up for 2,070 SF
Gross rent
$27.8K $13.44/SF
− Vacancy
−$2.1K −$1.03/SF
EGI
$25.7K $12.41/SF
− OpEx
−$7.7K −$3.72/SF
NOI
$18.0K $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%
$359,540
Cap Rate 7%
$256,814
Cap Rate 9%
$199,744
Alternative Uses
Best Use
Multifamily LT 5
$256.8K
$224.7K – $299.6K
NOI $17,977 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$236.8K
$207.2K – $276.2K
NOI $16,573 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$659.0K
$576.6K – $768.9K
NOI $46,131 @ 7.0% cap · market cap 16.77%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 23701, VA
24,629
Population
10,318
Households
2.4
Avg Household Size
41
Median Age
23%
College-Educated
90%
High-School Grad
7.7 sq mi
ZIP Area
3,199
Density / Sq Mi
$63,389
Median Household Income
$44,633
Median Earnings
$1,313
Median Rent
$218,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The occupied residence offers a three-bedroom, two-bath layout and washer and dryer connections.
Where is this duplex located?
The property is located at 370 Carver Circle 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: 2,070‑square‑foot duplex property; Three‑bedroom, two‑bath unit; Washer and dryer hookups
