Side-by-Side
4300 Tides Ct, Norfolk, VA 23518
For Sale
$315,000
Multi Family Residential, Side by Side, Norfolk, VA
Property Size1,652 SF
Price / SF$190.68
Days on Market54
Property Features for 4300 Tides Ct
General Information
Property type
Property subtype
Subdivision
Lot features
Elementary school
Middle school
Standard status
Size
Taxes and HOA fees
Tax Annual Amount
Building Details
Year built
Roof type
Architectural style
Listing Agency:
Proactive Real Estate Services
Listed By:
Beatrice Daniels
(757) 383-9510
Added: Sep 18
Changed: Oct 2
Last Checked: Nov 10 at 10:06AM
MLS# 10654287
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.
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Investment Insights
Based on property information with market context.
Built in 1978, this tenant-occupied, side-by-side duplex contains 1,652 square feet. Each residence has two bedrooms and one bathroom. Both units have new water heaters, and Unit B has a new HVAC unit. Unit A includes a washer and dryer; Unit B has washer and dryer hookups. The building has a shingle roof replaced in 2022.
The property is in Norfolk’s East Beach Oceanview area, near highways, military bases, and shopping.
The property is in Norfolk’s East Beach Oceanview area, near highways, military bases, and shopping.
Key Highlights
- 1,652‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units
- Separate electric and water meters for each unit
- New water heaters in both residences; Unit B has a new HVAC unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,637
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,740
$432.7K
Cap Rate 7%
$309,100
$309.1K
Cap Rate 9%
$240,411
$240.4K
Market Conditions
NOI Build-Up for 1,652 SF
Gross rent
$32.7K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.9K $18.71/SF
− OpEx
−$9.3K −$5.61/SF
NOI
$21.6K $13.10/SF
Area
Norfolk, VA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,740
Cap Rate 7%
$309,100
Cap Rate 9%
$240,411
Alternative Uses
Best Use
Multifamily LT 5
$309.1K
$270.5K – $360.6K
NOI $21,637 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$277.6K
$242.9K – $323.9K
NOI $19,432 @ 7.0% cap · market cap 6.17%
Theoretical Best
Office A
$350.4K
$306.6K – $408.9K
NOI $24,531 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
Explore this area
Business Placement
Demographics for 23518, VA
30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Norfolk, VA
Properties on Market for Duplexes in Norfolk
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and water meters serve the two residences.
Where is this duplex located?
The property is located at 4300 Tides Ct Norfolk, VA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,652‑square‑foot duplex with two 2‑bedroom, 1‑bathroom units; Separate electric and water meters for each unit; New water heaters in both residences; Unit B has a new HVAC unit
