4001 Chesapeake Avenue, Hampton, VA 23669
MULTI_FAMILY - Hampton, VA
- Added:
- Jun 26, 2026
- Days on Market:
- 11
- Last Refresh:
- Jul 6 at 2:06 pm
Property Features for 4001 Chesapeake Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R13
- Standard status
- Active
- Size
- 3,909 SF
Taxes and HOA fees
- Tax Annual Amount
- 4006
Utilities
- Water front
- 1
Building Details
- Year built
- 1968
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Tara Helmick (757) 725-4086
Listing office AMW Real Estate Inc 6632 George Washington Mem Hwy, Yorktown, VA (757) 806-5906
Listing date Jun 26, 2026
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.
HighLights
- Fully updated duplex built in 1968 with waterfront views
- Gated, direct access to Merrimack Shores Park; no HOA and city‑maintained streets
- Two separate living spaces with private entrances, full kitchens, and patios
- Front unit: 3BR/2.5BA leased to long‑term tenants; lease ends Aug. 22
- Rear unit: 4BR/1BA vacant and includes space for a potential second bath
- Over $70,000 in updates including new driveway, carpet, and two remodeled baths; transferable short‑term rental zoning (subject to city requirements)
Overview
The property provides beautiful water views and direct gated access to Merrimack Shores Park. The community has no HOA, and the streets are city-maintained, supporting straightforward access and day-to-day convenience.
Updates noted for the duplex include over $70,000 in improvements such as a new driveway, new carpet, and two remodeled baths. The listing also references transferable short-term rental zoning, subject to applicable city requirements. With one unit currently occupied and the other available for immediate use, this layout may appeal to owner-occupants, investors seeking separate unit flexibility, or buyers looking to accommodate multiple lifestyle and rental scenarios within the same building.
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 | $68.0k | $17.40 |
| − Vacancy | −$3.5k | −$0.90 |
| EGI | $64.5k | $16.50 |
| − OpEx | −$19.3k | −$4.95 |
| NOI | $45.1k | $11.55 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hampton
- County
- York
- State
- Virginia
- Longitude
- -76.352
- Latitude
- 37.0064775
