Duplex with Shared
For Sale
$297,500
652 Dune St, Norfolk, VA 23503
The building has a two-level layout with separate 3-bedroom and 1-bedroom residences.
Property Size1,900 SF
Lot Size0.80 Acres
Price / SF$156.58
Days on Market12
Property Features for 652 Dune St
General Information
Standard status
Active
Size
1,900 SF
Lot size
0.80 Acres
Property subtype
Multi-Family
Additional Details
Asking Price
$595,000
Amenities
shared laundry room
Building Details
Year Built
1949
Listing Agency:
Ocean Realty
Listed By:
Cindy Hall
(757) 583-4397
Source:
Honorableservicerealty
Added: Oct 4
Last Checked: Oct 7 at 2:06PM
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 Ocean Realty
Investment Insights
Based on property information with market context.
At 652 Dune St, this 1949 duplex has a 3-bedroom, 2-bathroom residence upstairs and a 1-bedroom, 1-bathroom residence on the ground level. A shared laundry room is also located on the ground floor.
The property must be purchased together with 646 Dune St. The combined land area across the two parcels is approximately 35,000 square feet.
The property must be purchased together with 646 Dune St. The combined land area across the two parcels is approximately 35,000 square feet.
Key Highlights
- Two‑level unit configuration: 3 bed/2 bath upstairs and 1 bed/1 bath downstairs
- Shared laundry room on the ground level
- Must be purchased together with 646 Dune St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,886
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,720
$497.7K
Cap Rate 7%
$355,514
$355.5K
Cap Rate 9%
$276,511
$276.5K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$37.6K $19.80/SF
− Vacancy
−$2.1K −$1.09/SF
EGI
$35.6K $18.71/SF
− OpEx
−$10.7K −$5.61/SF
NOI
$24.9K $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%
$497,720
Cap Rate 7%
$355,514
Cap Rate 9%
$276,511
Alternative Uses
Best Use
Multifamily LT 5
$355.5K
$311.1K – $414.8K
NOI $24,886 @ 7.0% cap · market cap 8.37%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,349 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$403.1K
$352.7K – $470.2K
NOI $28,214 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
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
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 - The building has a two-level layout with separate 3-bedroom and 1-bedroom residences.
Where is this duplex located?
The property is located at 652 Dune St Norfolk, VA.
What is the asking price?
The asking price for this property is $297,500.
What are key features of this property?
This property features: Two‑level unit configuration: 3 bed/2 bath upstairs and 1 bed/1 bath downstairs; Shared laundry room on the ground level; Must be purchased together with 646 Dune St
