Renovated Over-Under
New
For Sale
$329,000
639 W 26th Street, Norfolk, VA 23517
Multi Family Residential, Converted S.F., Over/Under, Norfolk, VA
Property Size2,300 SF
Price / SF$143.04
Days on Market4
Property Features for 639 W 26th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
I-1
Subdivision
PARK PLACE - 187
Lot features
Corner, Pump
Elementary school
Lake Taylor School
Middle school
Blair Middle
Directions
From Tidewater Drive, take E 27th Street to W 26th Street
Standard status
Active
Size
2,300 SF
Taxes and HOA fees
Tax Annual Amount
3323
Amenities
in-unit washer/dryer
Building Details
Year built
1910
Roof type
Shingle
Architectural style
Other
Listing Agency:
Cottage Street Realty LLC
(703) 848-9292
Listed By:
Debbie Crevier-Kent · License #0225030213
(703) 242-0005
Added: Oct 14
Changed: Oct 17
Last Checked: Oct 17 at 7:06AM
MLS# 10657642
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 over-under duplex contains two residential units within a 2,300-square-foot building. Renovation work was completed in 2022, including granite countertops and stainless steel appliances. Each unit has its own washer and dryer, and the building has a shingle roof.
The property is zoned I-1 and dates to 1910. Both units are currently leased under 12-month terms, with tenants paying utilities.
The property is zoned I-1 and dates to 1910. Both units are currently leased under 12-month terms, with tenants paying utilities.
Key Highlights
- Two‑unit over‑under duplex
- 2,300‑square‑foot building
- Renovated in 2022 with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,125
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$602,500
$602.5K
Cap Rate 7%
$430,357
$430.4K
Cap Rate 9%
$334,722
$334.7K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$45.5K $19.80/SF
− Vacancy
−$2.5K −$1.09/SF
EGI
$43.0K $18.71/SF
− OpEx
−$12.9K −$5.61/SF
NOI
$30.1K $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%
$602,500
Cap Rate 7%
$430,357
Cap Rate 9%
$334,722
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.1K
NOI $30,125 @ 7.0% cap · market cap 9.16%
Second Best
Apartment 5plus
$386.5K
$338.2K – $450.9K
NOI $27,054 @ 7.0% cap · market cap 8.22%
Theoretical Best
Office A
$487.9K
$426.9K – $569.2K
NOI $34,154 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
Explore this area
Business Placement
Demographics for 23517, VA
5,237
Population
2,901
Households
1.8
Avg Household Size
33
Median Age
55%
College-Educated
97%
High-School Grad
0.8 sq mi
ZIP Area
6,546
Density / Sq Mi
$63,556
Median Household Income
$46,689
Median Earnings
$1,397
Median Rent
$355,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased on 12-month terms, with tenants responsible for utilities.
Where is this duplex located?
The property is located at 639 W 26th Street Norfolk, VA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Two‑unit over‑under duplex; 2,300‑square‑foot building; Renovated in 2022 with granite countertops and stainless steel appliances
