2-Unit Duplex with Private
New
For Sale
$405,000
6668 Hudson Ave, Norfolk, VA 23502
Both residences offer two bedrooms, one-and-a-half baths, central air and heat, and separate backyard space.
Property Size2,140 SF
Price / SF$189.25
Days on Market3
Property Features for 6668 Hudson Ave
General Information
Standard status
Active
Size
2,140 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Highway Access
Yes
Amenities
central air & heat
entry foyer with LED lighting
dusk to dawn security lights
storage units
private backyard
privacy fence
sidewalks
Building Details
Year Built
1989
Listing Agency:
United Real Estate Richmond
(804) 359-9200
Listed By:
The Elliott Real Estate Team
(804) 404-5566
Source:
Elliottreteam
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:28AM
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 United Real Estate Richmond
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Investment Insights
Based on property information with market context.
This 1989 duplex contains two 1,000-square-foot residences, each with two bedrooms and one-and-a-half baths. Unit A has recently received new flooring, appliances, bathroom fixtures, and interior paint. Both homes include central air and heat, a foyer, a primary bedroom with two closets, and a 7-by-7-foot storage unit. The property also has a privacy fence, outdoor security lighting, and driveway parking for two cars per unit.
Set on a private flag lot in Norfolk’s Maple Hall neighborhood, the duplex is near I-64 and 3.7 miles from Town Center. Area military bases are also identified as nearby. Unit B currently has a long-term tenant.
Set on a private flag lot in Norfolk’s Maple Hall neighborhood, the duplex is near I-64 and 3.7 miles from Town Center. Area military bases are also identified as nearby. Unit B currently has a long-term tenant.
Key Highlights
- Two residences, each measuring 1,000 square feet
- Both units have 2 bedrooms and 1.5 baths
- Unit A recently updated with new flooring, appliances, bathroom fixtures, and paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,029
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,580
$560.6K
Cap Rate 7%
$400,414
$400.4K
Cap Rate 9%
$311,433
$311.4K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$42.4K $19.80/SF
− Vacancy
−$2.3K −$1.09/SF
EGI
$40.0K $18.71/SF
− OpEx
−$12.0K −$5.61/SF
NOI
$28.0K $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%
$560,580
Cap Rate 7%
$400,414
Cap Rate 9%
$311,433
Alternative Uses
Best Use
Multifamily LT 5
$400.4K
$350.4K – $467.2K
NOI $28,029 @ 7.0% cap · market cap 6.92%
Second Best
Apartment 5plus
$359.6K
$314.7K – $419.5K
NOI $25,172 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$454.0K
$397.2K – $529.6K
NOI $31,778 @ 7.0% cap · market cap 7.85%
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
925
Businesses Nearby
Explore this area
Business Placement
Demographics for 23502, VA
20,547
Population
8,839
Households
2.3
Avg Household Size
39
Median Age
24%
College-Educated
89%
High-School Grad
9.9 sq mi
ZIP Area
2,075
Density / Sq Mi
$66,467
Median Household Income
$37,213
Median Earnings
$1,335
Median Rent
$244,800
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
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer two bedrooms, one-and-a-half baths, central air and heat, and separate backyard space.
Where is this duplex located?
The property is located at 6668 Hudson Ave Norfolk, VA.
What is the asking price?
The asking price for this property is $405,000.
What are key features of this property?
This property features: Two residences, each measuring 1,000 square feet; Both units have 2 bedrooms and 1.5 baths; Unit A recently updated with new flooring, appliances, bathroom fixtures, and paint
