Beach Area Multifamily Investment
For Sale
Contact for pricing
Pending
414 19th St, Virginia Beach, VA 23451
Eight-unit apartment building near the ocean in Short-Term Rental Overlay.
Property SizeContact for details
Days on Market189
Property Features for 414 19th St
General Information
Standard status
Pending
Total Parking Spaces
14
Property subtype
Multifamily
Zoning
Rt3
Occupancy
100%
Net Operating Income
$85,531
Building Details
Year Built
1972
Year Renovated
2024
Buildings
1
Stories
2
Units
8
Listing Agency:
Inlet Realty
Listed By:
Christian Phillips · License #0225248295
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 8 at 10:27AM
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 Inlet Realty
Investment Insights
Based on property information with market context.
Located four blocks from the ocean and adjacent to a new surf park, this eight-unit apartment building at 414 19th Street presents a multifamily investment opportunity. The property features eight apartments, each with two bedrooms and one bathroom, as well as on-site laundry facilities. Situated in the Short-Term Rental Overlay District, the property is suitable for investors seeking flexibility. The consistent two-bedroom floorplan mix accommodates both year-round residents and seasonal demand. There is potential for value-add through cosmetic upgrades and rent optimization while maintaining occupancy. The property is currently operating with annual leases in place. Buyers should verify Short-Term Rental eligibility, licensing, occupancy limits, taxes, fees, and any required permits or inspections.
Key Highlights
- Eight‑unit apartment building in a desirable beach area location.
- Located in the Short‑Term Rental Overlay District, offering potential for STR income.
- Four blocks from the ocean and adjacent to the new surf park.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,376
Businesses Nearby
Explore this area
Business Placement
Demographics for 23451, VA
44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Eight-unit apartment building near the ocean in Short-Term Rental Overlay.
Where is this apartment building located?
The property is located at 414 19th St Virginia Beach, VA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Eight‑unit apartment building in a desirable beach area location.; Located in the Short‑Term Rental Overlay District, offering potential for STR income.; Four blocks from the ocean and adjacent to the new surf park.
