Two-Unit Residential
For Sale
$270,000
556 Bellwood Road, Newport News, VA 23607
Multi Family Residential, Newport News, VA
Property Size1,000 SF
Price / SF$270
Days on Market55
Property Features for 556 Bellwood Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R7
Subdivision
ALL OTHERS AREA 107
Elementary school
Carver Elementary
Middle school
Homer L. Hines Middle
Standard status
Active
Size
1,000 SF
Taxes and HOA fees
Tax Annual Amount
3196
Amenities
central air
Building Details
Year built
1938
Roof type
Shingle
Listing Agency:
Southern Realty Inc.
(757) 877-2222
Listed By:
Maria Baggett
(757) 206-4444
Added: Sep 4
Changed: Oct 2
Last Checked: Oct 28 at 10:06PM
MLS# 10652396
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 1,000-square-foot duplex, built in 1938, contains two distinct units. Unit A has two bedrooms, one bathroom, and an additional room; Unit B has one bedroom, one bathroom, and a great room. Both units have central air, with separate electrical and gas meters and shared water service. The property has a shingle roof and R7 zoning.
Both units are tenant-occupied under a month-to-month arrangement. Public transportation, restaurants, and other facilities are accessible nearby. The property is offered as-is, and showings require at least 24 hours’ notice.
Both units are tenant-occupied under a month-to-month arrangement. Public transportation, restaurants, and other facilities are accessible nearby. The property is offered as-is, and showings require at least 24 hours’ notice.
Key Highlights
- 1,000‑square‑foot duplex built in 1938
- Unit A has 2 bedrooms, 1 bathroom, and an additional room
- Unit B has 1 bedroom, 1 bathroom, and a great room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,544
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,880
$230.9K
Cap Rate 7%
$164,914
$164.9K
Cap Rate 9%
$128,267
$128.3K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$17.4K $17.40/SF
− Vacancy
−$908 −$0.91/SF
EGI
$16.5K $16.49/SF
− OpEx
−$4.9K −$4.95/SF
NOI
$11.5K $11.54/SF
Area
Newport News, VA
Vacancy
5.22%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,880
Cap Rate 7%
$164,914
Cap Rate 9%
$128,267
Alternative Uses
Best Use
Multifamily LT 5
$164.9K
$144.3K – $192.4K
NOI $11,544 @ 7.0% cap · market cap 4.28%
Second Best
Apartment 5plus
$147.0K
$128.6K – $171.5K
NOI $10,291 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$212.4K
$185.8K – $247.8K
NOI $14,867 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
610
Businesses Nearby
Explore this area
Business Placement
Demographics for 23607, VA
23,498
Population
10,764
Households
2.2
Avg Household Size
33
Median Age
14%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
3,916
Density / Sq Mi
$42,904
Median Household Income
$33,746
Median Earnings
$1,104
Median Rent
$146,400
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 - The units offer a two-bedroom layout and a one-bedroom layout, each with central air.
Where is this duplex located?
The property is located at 556 Bellwood Road Newport News, VA.
What is the asking price?
The asking price for this property is $270,000.
What are key features of this property?
This property features: 1,000‑square‑foot duplex built in 1938; Unit A has 2 bedrooms, 1 bathroom, and an additional room; Unit B has 1 bedroom, 1 bathroom, and a great room
