Duplex with Fenced
3904 Marsha St, Portsmouth, VA 23703
For Sale
$349,900
Two residences offer distinct bedroom and bathroom configurations, with one unit available for immediate occupancy.
Property Size3,335 SF
Price / SF$104.92
Days on Market35
Property Features for 3904 Marsha St
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
gas heat
central air conditioning
Western Branch Trail
fully fenced yard
deck
shed
new dishwasher
Building Details
Year Built
Buildings
Listing Agency:
BHHS RW Towne Realty
Listed By:
Crush Real State Group
(757) 690-2300
Source:
Wesellhamptonroadsva
Added: Oct 11
Changed: Nov 12
Last Checked: Nov 12 at 7:17AM
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 BHHS RW Towne Realty
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Investment Insights
Based on property information with market context.
This 3,335-square-foot duplex, built in 1957, has two units: Unit A offers three bedrooms and 1.5 bathrooms, while Unit B has two bedrooms and two full bathrooms. Unit A is available for immediate occupancy; Unit B is occupied. The property includes a fully fenced yard, deck, and shed, and is directly adjacent to the Western Branch Trail.
Gas heat and central air conditioning serve the property. A new dishwasher is included, along with refrigerators, electric stoves, and HVAC systems, all conveying as-is. A washer and dryer in Unit B also convey as-is. The owner will provide yard maintenance.
Gas heat and central air conditioning serve the property. A new dishwasher is included, along with refrigerators, electric stoves, and HVAC systems, all conveying as-is. A washer and dryer in Unit B also convey as-is. The owner will provide yard maintenance.
Key Highlights
- 3,335‑square‑foot duplex built in 1957
- Unit A has 3 bedrooms and 1.5 bathrooms and is available for immediate occupancy
- Unit B has 2 bedrooms and 2 full bathrooms and is occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,963
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,260
$579.3K
Cap Rate 7%
$413,757
$413.8K
Cap Rate 9%
$321,811
$321.8K
Market Conditions
NOI Build-Up for 3,335 SF
Gross rent
$44.8K $13.44/SF
− Vacancy
−$3.4K −$1.03/SF
EGI
$41.4K $12.41/SF
− OpEx
−$12.4K −$3.72/SF
NOI
$29.0K $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%
$579,260
Cap Rate 7%
$413,757
Cap Rate 9%
$321,811
Alternative Uses
Best Use
Multifamily LT 5
$413.8K
$362.0K – $482.7K
NOI $28,963 @ 7.0% cap · market cap 8.28%
Second Best
Apartment 5plus
$381.4K
$333.8K – $445.0K
NOI $26,701 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.06M
$929.0K – $1.24M
NOI $74,322 @ 7.0% cap · market cap 21.24%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
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Business Placement
Demographics for 23703, VA
26,388
Population
10,856
Households
2.4
Avg Household Size
38
Median Age
29%
College-Educated
91%
High-School Grad
13.9 sq mi
ZIP Area
1,898
Density / Sq Mi
$75,804
Median Household Income
$46,288
Median Earnings
$1,377
Median Rent
$273,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Portsmouth, VA
Properties on Market for Duplexes in Portsmouth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct bedroom and bathroom configurations, with one unit available for immediate occupancy.
Where is this duplex located?
The property is located at 3904 Marsha St Portsmouth, VA.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 3,335‑square‑foot duplex built in 1957; Unit A has 3 bedrooms and 1.5 bathrooms and is available for immediate occupancy; Unit B has 2 bedrooms and 2 full bathrooms and is occupied
