2-Unit Duplex with Covered Outdoor
New
For Sale
$285,000
6342 Glenoak Drive, Norfolk, VA 23513
Multi Family Residential, Over/Under, Norfolk, VA
Property Size2,200 SF
Price / SF$129.55
Days on Market5
Property Features for 6342 Glenoak Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R-6
Subdivision
GREEN HILL FARMS - 097
Lot features
Corner
Elementary school
Willard Model Elementary
Middle school
Norview Middle
Standard status
Active
Size
2,200 SF
Taxes and HOA fees
Tax Annual Amount
5500
Building Details
Year built
1950
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keffer Realty
Listed By:
Crystal Lovell
(757) 482-2606
Added: Oct 6
Changed: Oct 9
Last Checked: Oct 10 at 7:06PM
MLS# 10656697
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.
Investment Insights
Based on property information with market context.
Built in 1950, this 2,200-square-foot duplex contains two leased residences. The lower unit has three bedrooms and one bathroom, along with living and dining rooms, an eat-in kitchen, a laundry area, and a screened porch. Upstairs, the two-bedroom unit includes one updated bathroom, an updated kitchen, a living area, and a covered balcony. The property has a shingle roof and is offered in its current condition.
The duplex sits on a corner lot in Norfolk and is zoned R-6. Both units are occupied by tenants.
The duplex sits on a corner lot in Norfolk and is zoned R-6. Both units are occupied by tenants.
Key Highlights
- Two leased residences in a 2,200‑square‑foot duplex
- Lower unit has 3 bedrooms and 1 bathroom
- Upper unit has 2 bedrooms and 1 updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,878
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,560
$517.6K
Cap Rate 7%
$369,686
$369.7K
Cap Rate 9%
$287,533
$287.5K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$49.6K $22.56/SF
− Vacancy
−$2.6K −$1.17/SF
EGI
$47.1K $21.39/SF
− OpEx
−$21.2K −$9.62/SF
NOI
$25.9K $11.76/SF
Area
Norfolk, VA
Vacancy
5.20%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,560
Cap Rate 7%
$369,686
Cap Rate 9%
$287,533
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.2K – $480.3K
NOI $28,815 @ 7.0% cap · market cap 10.11%
Second Best
Apartment 5plus
$369.7K
$323.5K – $431.3K
NOI $25,878 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$466.7K
$408.4K – $544.5K
NOI $32,669 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
293
Businesses Nearby
Explore this area
Business Placement
Demographics for 23513, VA
29,105
Population
13,040
Households
2.2
Avg Household Size
35
Median Age
22%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
5,707
Density / Sq Mi
$66,875
Median Household Income
$39,547
Median Earnings
$1,187
Median Rent
$226,900
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with individual kitchens and living areas.
Where is this duplex located?
The property is located at 6342 Glenoak Drive Norfolk, VA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Two leased residences in a 2,200‑square‑foot duplex; Lower unit has 3 bedrooms and 1 bathroom; Upper unit has 2 bedrooms and 1 updated bathroom
