Updated
For Sale
$324,500
607 E Pembroke Ave, Hampton, VA 23669
Two-unit layout supports living in one residence while leasing the other.
Property Size1,506 SF
Price / SF$215.47
Days on Market87
Property Features for 607 E Pembroke Ave
General Information
Standard status
Active
Size
1,506 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1917
Listing Agency:
1st Class Real Estate Flagship
Listed By:
Troy Brimmer
(757) 553-8843
Source:
Distinctlyrealestate
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 15 at 2:58AM
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 1st Class Real Estate Flagship
Investment Insights
Based on property information with market context.
This 1,506-square-foot duplex was built in 1917 and has been recently updated. The two-unit configuration offers separate residential sides within one property, providing flexibility for an owner occupant who wants to reside in one unit and lease the second.
Located at 607 E Pembroke Ave in Hampton, Virginia, the property is offered for sale and may also suit investors seeking a residential income asset. Its established construction date and updated condition provide a straightforward combination of existing character and refreshed functionality.
Located at 607 E Pembroke Ave in Hampton, Virginia, the property is offered for sale and may also suit investors seeking a residential income asset. Its established construction date and updated condition provide a straightforward combination of existing character and refreshed functionality.
Key Highlights
- Recently updated duplex with two residential units
- 1,506 square feet of property size
- Built in 1917
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,389
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,780
$347.8K
Cap Rate 7%
$248,414
$248.4K
Cap Rate 9%
$193,211
$193.2K
Market Conditions
NOI Build-Up for 1,506 SF
Gross rent
$26.2K $17.40/SF
− Vacancy
−$1.4K −$0.90/SF
EGI
$24.8K $16.50/SF
− OpEx
−$7.5K −$4.95/SF
NOI
$17.4K $11.55/SF
Area
Hampton, VA
Vacancy
5.20%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,780
Cap Rate 7%
$248,414
Cap Rate 9%
$193,211
Alternative Uses
Best Use
Multifamily LT 5
$248.4K
$217.4K – $289.8K
NOI $17,389 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$229.3K
$200.7K – $267.5K
NOI $16,052 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$391.6K
$342.7K – $456.9K
NOI $27,415 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Explore this area
Business Placement
Demographics for 23669, VA
41,030
Population
17,589
Households
2.3
Avg Household Size
38
Median Age
31%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
3,391
Density / Sq Mi
$66,999
Median Household Income
$41,874
Median Earnings
$1,202
Median Rent
$246,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit layout supports living in one residence while leasing the other.
Where is this duplex located?
The property is located at 607 E Pembroke Ave Hampton, VA.
What is the asking price?
The asking price for this property is $324,500.
What are key features of this property?
This property features: Recently updated duplex with two residential units; 1,506 square feet of property size; Built in 1917
