4512 Bankhead Avenue, Norfolk, VA 23513
- Added:
- Jun 19, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 21 at 11:06 pm
Property Features for 4512 Bankhead Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-7
- Standard status
- Active
- Size
- 1,579 SF
Taxes and HOA fees
- Tax Annual Amount
- 3108
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1950
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Liz Schuyler (866) 203-6000
Listing office RE/MAX Allegiance 4000 Virginia Beach Blvd. #164, Virginia Beach, VA (757) 490-7300
Listing date Jun 19, 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
- Waterfront property with Waterfront feature listed
- Built in 1950; shingle roof
- Over/Under duplex that can be used as a single‑family home or converted back to true duplex living
- Expansive backyard includes above‑ground pool, large deck, multiple sheds, firepit, pergola, and mini‑greenhouse (convey AS IS)
- Flexible living or rental setup: owner‑occupy, rent one unit, or maximize income with two rentals
Overview
Set in an established neighborhood, the property is described as being close to military bases, beaches, interstates, shopping, dining, and entertainment, giving it day-to-day convenience for both owner-occupants and renters.
For buyers seeking flexible occupancy, the configuration supports multiple approaches: owner-occupy while renting out one unit, or operate with two rental units depending on how the duplex is set up. The property is zoned R-7, and the over-under format can be a practical fit for households that want rental flexibility without starting from a blank slate.
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 | $31.3k | $19.80 |
| − Vacancy | −$1.7k | −$1.09 |
| EGI | $29.5k | $18.71 |
| − OpEx | −$8.9k | −$5.61 |
| NOI | $20.7k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.2416501
- Latitude
- 36.8828378
