Side-by-Side
For Sale
$300,000
500 Virginian Dr, Norfolk, VA 23505
Both residences are occupied under leases extending into 2027, providing established tenancy at the property.
Property SizeContact for details
Days on Market38
Property Features for 500 Virginian Dr
General Information
Standard status
Active
Property subtype
Residential Income
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,966
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Atlantic Sothebys Int'l Realty
(757) 777-9870
Listed By:
Lea Marie Ngowakl
Source:
Exprealty
Added: Jul 23
Changed: Aug 21
Last Checked: Aug 29 at 1:14PM
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 Atlantic Sothebys Int'l Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex in Norfolk’s Suburban Acres neighborhood includes two separate residences with generous living areas. Both units are currently tenant occupied, with lease terms extending through 07/31/2027 and 05/31/2027. The property is offered with established tenancy in place, while the available photos depict Unit A and are virtually staged.
The duplex is located near Naval Station Norfolk, Old Dominion University, Sentara Leigh Hospital, Norfolk Premium Outlets, and the Military Circle redevelopment area. Additional nearby amenities include dining and retail options along Granby Street and in Downtown Norfolk, as well as The Dirty Buffalo, Jessy’s Taqueria, Starbucks, Target, and Harris Teeter.
The duplex is located near Naval Station Norfolk, Old Dominion University, Sentara Leigh Hospital, Norfolk Premium Outlets, and the Military Circle redevelopment area. Additional nearby amenities include dining and retail options along Granby Street and in Downtown Norfolk, as well as The Dirty Buffalo, Jessy’s Taqueria, Starbucks, Target, and Harris Teeter.
Key Highlights
- Two‑unit, side‑by‑side duplex configuration
- Both units tenant occupied with leases ending 07/31/2027 and 05/31/2027
- Located in Norfolk’s Suburban Acres neighborhood
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 23505, VA
27,785
Population
13,715
Households
2
Avg Household Size
32
Median Age
32%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,210
Density / Sq Mi
$55,678
Median Household Income
$40,814
Median Earnings
$1,279
Median Rent
$318,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied under leases extending into 2027, providing established tenancy at the property.
Where is this duplex located?
The property is located at 500 Virginian Dr Norfolk, VA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Two‑unit, side‑by‑side duplex configuration; Both units tenant occupied with leases ending 07/31/2027 and 05/31/2027; Located in Norfolk’s Suburban Acres neighborhood
