Duplex with Updated Rear
New
For Sale
$899,000
4459 Ocean View Avenue, Virginia Beach, VA 23455
Multi Family Residential, Side by Side, Virginia Beach, VA
Property Size2,688 SF
Price / SF$334.45
Days on Market5
Property Features for 4459 Ocean View Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
CHESAPEAKE BEACH
Lot features
Deck, Shed
Elementary school
Hermitage Elementary
Middle school
Great Neck Middle
Standard status
Active
Size
2,688 SF
Taxes and HOA fees
Tax Annual Amount
6629
Building Details
Year built
1979
Roof type
Shingle
Architectural style
Other
Listing Agency:
BHHS RW Towne Realty · Berkshire Hathaway HomeServices
(757) 422-2200
Listed By:
Matthew Zachary
(757) 690-0439
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 26 at 1:06AM
MLS# 10658687
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,688-square-foot duplex in Virginia Beach was built in 1979. Both residences have two bedrooms and one-and-a-half bathrooms. The rear home is larger and features a renovated kitchen with granite countertops, an updated full bathroom, and an expanded primary bedroom with a large closet. The front home has a porch, an open kitchen-to-living-room layout, and a wood-burning fireplace.
A deck off the rear residence opens onto a spacious backyard with a detached shed. The property is just off the beach.
A deck off the rear residence opens onto a spacious backyard with a detached shed. The property is just off the beach.
Key Highlights
- 2,688‑square‑foot duplex in Virginia Beach
- Each residence has 2 bedrooms and 1.5 bathrooms
- Rear residence includes a larger primary bedroom, updated kitchen and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,207
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$704,140
$704.1K
Cap Rate 7%
$502,957
$503.0K
Cap Rate 9%
$391,189
$391.2K
Market Conditions
NOI Build-Up for 2,688 SF
Gross rent
$53.2K $19.80/SF
− Vacancy
−$2.9K −$1.09/SF
EGI
$50.3K $18.71/SF
− OpEx
−$15.1K −$5.61/SF
NOI
$35.2K $13.10/SF
Area
Virginia Beach, 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%
$704,140
Cap Rate 7%
$502,957
Cap Rate 9%
$391,189
Alternative Uses
Best Use
Multifamily LT 5
$503.0K
$440.1K – $586.8K
NOI $35,207 @ 7.0% cap · market cap 3.92%
Second Best
Apartment 5plus
$466.1K
$407.8K – $543.8K
NOI $32,627 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$689.6K
$603.4K – $804.5K
NOI $48,269 @ 7.0% cap · market cap 5.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
Explore this area
Business Placement
Demographics for 23455, VA
50,599
Population
22,286
Households
2.3
Avg Household Size
38
Median Age
42%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
3,329
Density / Sq Mi
$88,223
Median Household Income
$49,119
Median Earnings
$1,610
Median Rent
$397,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences provide matching bedroom and bathroom counts, with different interior features and outdoor spaces.
Where is this duplex located?
The property is located at 4459 Ocean View Avenue Virginia Beach, VA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,688‑square‑foot duplex in Virginia Beach; Each residence has 2 bedrooms and 1.5 bathrooms; Rear residence includes a larger primary bedroom, updated kitchen and full bath
