4-Unit Multifamily with Covered
444 Dinwiddie Street Portsmouth, VA 23704
New
444 Dinwiddie Street, Portsmouth, VA, 23704
$410,000
For Sale
$410,000
MULTI_FAMILY - Portsmouth, VA
Property Size3,700 SF
Price / SF$110.81
Days on Market4
Property Features for 444 Dinwiddie Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- HLO
- Standard status
- Active
- Size
- 3,700 SF
Taxes and HOA fees
- Tax Annual Amount
- 5713
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1880
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
1st Class Real Estate Integrity
(757) 431-7521
644 Independence Pkwy Ste 100, Chesapeake, VA
Listed by
Imad Rayanne
(757) 431-7521
Added: Jul 15 Checked: Jul 18 at 3:06 pm
MLS# 10644433
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 4-unit multifamily property is located at 444 Dinwiddie Street, Portsmouth, VA 23704. The building offers a covered front porch, back deck, and balcony, along with generous outdoor space. Recent renovation work is described as updated kitchens, bathrooms, flooring, doors, and fresh paint throughout. An upstairs storage area is noted as a potential space that could convert to an additional fifth unit.
The property is described as being near public transportation, including bus and ferry routes, with convenient access to the Naval Shipyard, military bases, tunnels, interstates, and downtown Portsmouth.
As an HLO-zoned, four-unit investment, the building provides income-oriented housing with multiple outdoor gathering areas and an interior renovation package that includes refreshed finishes across the units.
The property is described as being near public transportation, including bus and ferry routes, with convenient access to the Naval Shipyard, military bases, tunnels, interstates, and downtown Portsmouth.
As an HLO-zoned, four-unit investment, the building provides income-oriented housing with multiple outdoor gathering areas and an interior renovation package that includes refreshed finishes across the units.
Key Highlights
- 1880‑built 4‑unit building in Olde Towne Portsmouth with waterfront feature
- Recent renovations include updated kitchens, bathrooms, flooring, doors, and fresh paint throughout
- Historic Victorian character with abundant natural light and a large covered front porch
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 | $49.7k | $13.44 |
| − Vacancy | −$3.8k | −$1.03 |
| EGI | $45.9k | $12.41 |
| − OpEx | −$13.8k | −$3.72 |
| NOI | $32.1k | $8.68 |
3,700 SF · lease $13.44/SF/yr · vacancy 7.69% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$459.0K
$401.7K – $535.6K
NOI $32,133 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$423.2K
$370.3K – $493.7K
NOI $29,623 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,456 @ 7.0% cap · market cap 20.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily with recent interior renovations and a large covered front porch.
Where is this quadplex located?
The property is located at 444 Dinwiddie Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $410,000.
What are key features of this property?
This property features: 1880‑built 4‑unit building in Olde Towne Portsmouth with waterfront feature; Recent renovations include updated kitchens, bathrooms, flooring, doors, and fresh paint throughout; Historic Victorian character with abundant natural light and a large covered front porch
