Side-by-Side
New
For Sale
$349,900
3904 Marsha Street, Portsmouth, VA 23703
Multi Family Residential, Converted S.F., Side by Side, Portsmouth, VA
Property Size3,335 SF
Price / SF$104.92
Days on Market6
Property Features for 3904 Marsha Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
GR
Subdivision
SWEET HAVEN
Lot features
Deck
Elementary school
Churchland Elementary
Middle school
Churchland Middle
Directions
West Norfolk to JoAnn to Marsha
Standard status
Active
Size
3,335 SF
Taxes and HOA fees
Tax Annual Amount
3947
Amenities
large fully fenced yard with deck and shed
Building Details
Year built
1957
Roof type
Shingle, Metal
Architectural style
Other
Listing Agency:
EXP Realty LLC
Listed By:
Rita Roberts
(866) 825-7169
Added: Oct 9
Changed: Oct 12
Last Checked: Oct 14 at 8:06AM
MLS# 10657338
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 renovated duplex is a single-family conversion with 3,335 square feet and a side-by-side layout. Unit A has three bedrooms and 1.5 bathrooms and is available for immediate occupancy; Unit B has two bedrooms and two full bathrooms and is occupied. Gas heat and central air conditioning serve the property. The large, fenced yard includes a deck and shed, and the owner will provide yard maintenance.
The property directly borders the Western Branch Trail. A new dishwasher is included, along with refrigerators, electric stoves, and HVAC systems, all conveyed as-is. A washer and dryer are also included in Unit B. The building was constructed in 1957 and is zoned GR.
The property directly borders the Western Branch Trail. A new dishwasher is included, along with refrigerators, electric stoves, and HVAC systems, all conveyed as-is. A washer and dryer are also included in Unit B. The building was constructed in 1957 and is zoned GR.
Key Highlights
- 3,335 square feet in a side‑by‑side duplex configuration
- 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.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - One residence is available for immediate occupancy, while the second is occupied.
Where is this duplex located?
The property is located at 3904 Marsha Street 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 feet in a side‑by‑side duplex configuration; 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
