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    Five-Unit Multifamily Investment
    Updated: Jun 10
    Five-Unit Multifamily Investment

    367 Middle St, Portsmouth, VA 23704

    $625,000
    Well‑maintained 5‑unit multifamily property built in 1852
    Unit mix includes two 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units
    Select units are furnished, allowing for furnished, mid‑term, or executive rentals
    Located in Portsmouth’s Olde Towne Historic District, within blocks of the Elizabeth River waterfront
    Convenient to Portsmouth‑Norfolk Ferry and nearby dining, coffee shops, museums, parks, and entertainment
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 1 Active listings in Portsmouth, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    The Mercer 8-Unit Apartment Building
    The Mercer 8-Unit Apartment Building

    740 W Princess Anne Rd, Norfolk, VA 23517

    Contact for pricing
    16,344 sqft

    Historic multifamily property near Downtown Norfolk and several major medical institutions.

    View details
    12-Unit Brick Apartment Building
    12-Unit Brick Apartment Building

    1414 Hampton Blvd, Norfolk, VA 23507

    $1,950,000

    Three-story garden-style property with two-bedroom residences in Norfolk’s Ghent neighborhood.

    View details
    8-Unit Apartment Building
    8-Unit Apartment Building

    740-742 West Princess Anne Road, Norfolk, VA 23517

    $2,425,000

    Historic multifamily property near Downtown Norfolk, major medical institutions, and the Ghent submarket.

    View details
    22-Unit Four-Story Apartment Building
    22-Unit Four-Story Apartment Building

    750 W Princess Anne Rd, Norfolk, VA 23517

    Contact for pricing
    0.25 AC lot

    Historic multifamily property offering a mix of one-, two-, and three-bedroom residences in Norfolk’s Ghent neighborhood.

    View details

    Off-Market Properties in Portsmouth, VA

    Consider similar Off-Market properties in Portsmouth, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    327 Washington St
    APARTMENT HOUSE (5+ UNITS)

    327 Washington St, Portsmouth, VA 23704-2434

    $1,190,000
    Estimated value
    11,973 sqft 0.12 AC lot
    View details
    359 Middle St
    APARTMENT HOUSE (5+ UNITS)

    359 Middle St, Portsmouth, VA 23704-2821

    $825,000
    Estimated value
    11,958 sqft 0.12 AC lot
    View details
    320 Dinwiddie St
    APARTMENT HOUSE (5+ UNITS)

    320 Dinwiddie St, Portsmouth, VA 23704-2532

    $975,000
    Estimated value
    8,484 sqft 0.08 AC lot
    View details
    412 Nn St
    APARTMENT HOUSE (5+ UNITS)

    412 Nn St, Portsmouth, VA 23704-2535

    $290,000
    Estimated value
    6,849 sqft 0.08 AC lot
    View details
    119 Dahlgren Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    119 Dahlgren Ave, Portsmouth, VA 23702-2936

    $255,000
    Estimated value
    4,320 sqft 0.24 AC lot
    View details
    424 London St
    APARTMENT HOUSE (UNDER 5 UNITS)

    424 London St, Portsmouth, VA 23704-2549

    $390,000
    Estimated value
    2,464 sqft 0.06 AC lot
    View details
    124 Chautauqua Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    124 Chautauqua Ave, Portsmouth, VA 23707-1533

    $255,000
    Estimated value
    4,165 sqft 0.19 AC lot
    View details
    259 Broad St
    APARTMENT HOUSE (5+ UNITS)

    259 Broad St, Portsmouth, VA 23707-1644

    $775,000
    Estimated value
    8,160 sqft 0.21 AC lot
    View details
    3 Emmons Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    3 Emmons Pl, Portsmouth, VA 23702-2209

    $320,000
    Estimated value
    3,988 sqft 0.20 AC lot
    View details
    10 Emmons Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    10 Emmons Pl, Portsmouth, VA 23702-2210

    $360,000
    Estimated value
    4,370 sqft 0.21 AC lot
    View details
    241 Choate St
    APARTMENT HOUSE (UNDER 5 UNITS)

    241 Choate St, Portsmouth, VA 23707-4570

    $385,000
    Estimated value
    2,781 sqft 0.30 AC lot
    View details
    49 Shelby St
    APARTMENT HOUSE (UNDER 5 UNITS)

    49 Shelby St, Portsmouth, VA 23701-3031

    $390,000
    Estimated value
    2,769 sqft 0.44 AC lot
    View details
    1420 Elm Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1420 Elm Ave, Portsmouth, VA 23704-4549

    $430,000
    Estimated value
    4,580 sqft 0.12 AC lot
    View details
    101 Beacon Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    101 Beacon Rd, Portsmouth, VA 23702-1211

    $530,000
    Estimated value
    4,050 sqft 0.42 AC lot
    View details
    332 Mt Vernon Ave
    APARTMENT HOUSE (5+ UNITS)

    332 Mt Vernon Ave, Portsmouth, VA 23707-1643

    $795,000
    Estimated value
    7,704 sqft 0.16 AC lot
    View details
    721 Dinwiddie St
    APARTMENT HOUSE (UNDER 5 UNITS)

    721 Dinwiddie St, Portsmouth, VA 23704-3648

    $335,000
    Estimated value
    3,135 sqft 0.06 AC lot
    View details
    309 Nn St
    APARTMENT HOUSE (5+ UNITS)

    309 Nn St, Portsmouth, VA 23704-2617

    $370,000
    Estimated value
    9,354 sqft 0.09 AC lot
    View details
    105 Afton Pkwy
    APARTMENT HOUSE (5+ UNITS)

    105 Afton Pkwy, Portsmouth, VA 23702-2973

    $280,000
    Estimated value
    4,571 sqft 0.19 AC lot
    View details
    1520 Prentis Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1520 Prentis Ave, Portsmouth, VA 23704-4606

    $205,000
    Estimated value
    5,324 sqft 0.12 AC lot
    View details
    9 Decatur St
    APARTMENT HOUSE (UNDER 5 UNITS)

    9 Decatur St, Portsmouth, VA 23702-2114

    $325,000
    Estimated value
    3,910 sqft 0.22 AC lot
    View details
    801 Randolph St
    APARTMENT HOUSE (5+ UNITS)

    801 Randolph St, Portsmouth, VA 23704-4721

    $420,000
    Estimated value
    4,930 sqft 0.24 AC lot
    View details
    850 Crawford Pkwy
    APARTMENT HOUSE (5+ UNITS)

    850 Crawford Pkwy, Portsmouth, VA 23704-2304

    Value Estimation by Request
    43,301 sqft 1.15 AC lot
    View details
    7 Carver Cir
    APARTMENT HOUSE (UNDER 5 UNITS)

    7 Carver Cir, Portsmouth, VA 23701-3003

    $310,000
    Estimated value
    2,440 sqft 0.45 AC lot
    View details

    Portsmouth, VA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Portsmouth, VA on our real estate platform.

    Sale prices for two-family homes in Portsmouth, VA average $625,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 97K
    Population Growth (5Y) -6.7%
    Median Household Income $59,342
    College Educated 29.1%

    High-Yield Neighborhoods for Investment

    Identify Portsmouth submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23704 $625K

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $16.32 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Portsmouth city

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Portsmouth city

    Retail

    Property Size Breakdown

    The majority of commercial real estate listings in Portsmouth fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Portsmouth, VA

    • 23704

    Featured Portsmouth Real Estate Agencies

    Realmo connects you with licensed Portsmouth CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    BPRE
    739 High Street, Suite 104 Portsmouth, VA 23707
    Phone: 17575532536
    www.bpreal.estate

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