Side-by-Side
For Sale
$295,000
606 Walker Avenue, Norfolk, VA 23523
Multi Family Residential, Side by Side, Norfolk, VA
Property Size1,676 SF
Price / SF$176.01
Days on Market50
Property Features for 606 Walker Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-11
Subdivision
BERKLEY
Elementary school
St. Helena Elementary
Middle school
Blair Middle
Standard status
Active
Size
1,676 SF
Taxes and HOA fees
Tax Annual Amount
3101
Amenities
in-unit washer and dryer
fenced-in backyard
storage shed
front porch
Building Details
Year built
1910
Roof type
Shingle
Architectural style
Other
Listing Agency:
Providence Realty Inc.
(757) 472-8001
Listed By:
Christopher Walton
Added: Sep 16
Changed: Oct 2
Last Checked: Nov 4 at 4:06AM
MLS# 10653875
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.
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Investment Insights
Based on property information with market context.
This side-by-side duplex contains two 2-bedroom, 1-bath units across 1,676 square feet. Each residence has its own kitchen, living room, washer and dryer, and separate meter. The building was constructed in 1910 and has a shingle roof. Interior finishes include LVP flooring, and the property also has a fenced backyard, storage shed, and front porch. Newer appliances are noted in one unit.
Located at 606 Walker Avenue in Norfolk, the property is zoned R-11. One unit is leased through 11/30/26, while the other is vacant.
Located at 606 Walker Avenue in Norfolk, the property is zoned R-11. One unit is leased through 11/30/26, while the other is vacant.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms and 1 bathroom
- 1,676 square feet; built in 1910 with a shingle roof
- Separate meters, kitchens, living rooms, and washers and dryers for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,952
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,040
$439.0K
Cap Rate 7%
$313,600
$313.6K
Cap Rate 9%
$243,911
$243.9K
Market Conditions
NOI Build-Up for 1,676 SF
Gross rent
$33.2K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$31.4K $18.71/SF
− OpEx
−$9.4K −$5.61/SF
NOI
$22.0K $13.10/SF
Area
Norfolk, VA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$439,040
Cap Rate 7%
$313,600
Cap Rate 9%
$243,911
Alternative Uses
Best Use
Multifamily LT 5
$313.6K
$274.4K – $365.9K
NOI $21,952 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$281.6K
$246.4K – $328.6K
NOI $19,714 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$355.5K
$311.1K – $414.8K
NOI $24,888 @ 7.0% cap · market cap 8.44%
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
296
Businesses Nearby
Explore this area
Business Placement
Demographics for 23523, VA
7,061
Population
3,472
Households
2
Avg Household Size
33
Median Age
13%
College-Educated
82%
High-School Grad
2.1 sq mi
ZIP Area
3,362
Density / Sq Mi
$37,189
Median Household Income
$35,456
Median Earnings
$986
Median Rent
$222,000
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 - Separate meters and a mix of leased and vacant occupancy support flexible use of the two residences.
Where is this duplex located?
The property is located at 606 Walker Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms and 1 bathroom; 1,676 square feet; built in 1910 with a shingle roof; Separate meters, kitchens, living rooms, and washers and dryers for both units
