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Two-Building Apartment Community
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605 W Ocean View Ave, Norfolk, VA 23503

Pirate’s Cove Apartments offers 24 multifamily units across two two-story buildings with on-site laundry and off-street parking.

Property SizeContact for details
Days on Market124

Property Features for 605 W Ocean View Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Highway Access Yes
Multifamily Units 24

Building Details

Year Built 1978
Stories 2
Tenancy Multi
Listing Agency: One South Commercial
Listed By: Tom Rosman · License #VA 0225030879
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 20 at 10:08PM

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 One South Commercial

Investment Insights

Based on property information with market context.

Pirate’s Cove Apartments offers 24 multifamily residential units in two separate two-story buildings constructed in 1978. The property includes 20 one-bedroom, one-bath units and four two-bedroom, one-bath units. Each apartment is described as having air conditioning, a fully equipped kitchen, and carpeting in the bedrooms. On-site laundry facilities are also available for resident convenience, along with ample off-street parking for residents and visitors.

The property is located on West Ocean View Avenue in Norfolk’s Ocean View neighborhood and is positioned adjacent to Willoughby Bay, with public access to Willoughby Beach and Chesapeake Bay directly across West Ocean View Avenue. Pirate’s Cove is also described as being adjacent to I-64, providing access to downtown Norfolk, the Norfolk Naval Station, Virginia Beach, Newport News, and other Hampton Roads points.

This listing represents a residential income property with a defined unit mix and established building configuration, suitable for buyers seeking a waterfront-adjacent apartment community.

Key Highlights

  • 24 multifamily units in two buildings at 605‑611 W Ocean View Ave, Norfolk (Ocean View neighborhood).
  • Two‑story buildings constructed in 1978, with 12 units per building.
  • Unit mix: 20 apartments are 1 bed/1 bath and 4 apartments are 2 bed/1 bath.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

24
Residential units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

105
Businesses Nearby

Demographics for 23503, VA

31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Pirate’s Cove Apartments offers 24 multifamily units across two two-story buildings with on-site laundry and off-street parking.
Where is this apartment building located?
The property is located at 605 W Ocean View Ave Norfolk, VA.
What are key features of this property?
This property features: 24 multifamily units in two buildings at 605‑611 W Ocean View Ave, Norfolk (Ocean View neighborhood).; Two‑story buildings constructed in 1978, with 12 units per building.; Unit mix: 20 apartments are 1 bed/1 bath and 4 apartments are 2 bed/1 bath.
(804) 353-0009 Call to check price and availability
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