3BR 2BA Duplex
370 Carver Circle Portsmouth, VA 23701
370 Carver Circle, Portsmouth, VA, 23701
$275,000
For Sale
$275,000
MULTI_FAMILY - Portsmouth, VA
Property Size2,070 SF
Price / SF$132.85
Days on Market271
Property Features for 370 Carver Circle
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- 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 agency
The Real Estate Group
(757) 961-9090
Listed by
Ryan Harrell
(757) 410-8500
Added: Oct 24, 2025 Updated: Jul 18 at 6:27AM Checked: Jul 21 at 9:06AM
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.
Investment Insights
Based on property information with market context.
This for-sale duplex features two residential units, each with three bedrooms and two bathrooms. Interior amenities include flooring, multiple windows for natural light, and washer/dryer hookups. The property also includes a yard suitable for outdoor use.
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.
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 |
2,070 SF · lease $13.44/SF/yr · vacancy 7.69% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Occupied duplex offers two 3-bedroom, 2-bath units with washer/dryer hookups and a spacious yard.
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: 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
