Separately Metered
70 Manly Street, Portsmouth, VA 23702
For Sale
New
$299,900
Multi Family Residential, Portsmouth, VA
Property Size1,490 SF
Price / SF$201.28
Days on Market5
Property Features for 70 Manly Street
General Information
Property type
Property subtype
Subdivision
Lot features
Elementary school
Middle school
Standard status
Size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Amenities
privately fenced yard
Building Details
Year built
Roof type
Listing Agency:
Atlantic Sothebys Int'l Realty · Sotheby's International Realty
(757) 777-9870
Listed By:
Coco Hanauer
(757) 340-5555
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 7 at 11:06AM
MLS# 10660040
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,490-square-foot duplex contains two occupied units, each served by a separate meter and paired with a privately fenced yard. The property was built in 1918 and has been renovated, with a shingle roof.
Located at 70 Manly Street in Portsmouth, the property offers a two-unit residential configuration with individual outdoor space for each residence.
Located at 70 Manly Street in Portsmouth, the property offers a two-unit residential configuration with individual outdoor space for each residence.
Key Highlights
- Two occupied units, each with a separate meter
- A fenced yard for each unit
- 1,490 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,940
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,800
$258.8K
Cap Rate 7%
$184,857
$184.9K
Cap Rate 9%
$143,778
$143.8K
Market Conditions
NOI Build-Up for 1,490 SF
Gross rent
$20.0K $13.44/SF
− Vacancy
−$1.5K −$1.03/SF
EGI
$18.5K $12.41/SF
− OpEx
−$5.5K −$3.72/SF
NOI
$12.9K $8.68/SF
Area
Portsmouth County, VA
Vacancy
7.69%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,800
Cap Rate 7%
$184,857
Cap Rate 9%
$143,778
Alternative Uses
Best Use
Multifamily LT 5
$184.9K
$161.8K – $215.7K
NOI $12,940 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$170.4K
$149.1K – $198.8K
NOI $11,929 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$474.4K
$415.1K – $553.4K
NOI $33,205 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
Demographics for 23702, VA
12,239
Population
5,278
Households
2.3
Avg Household Size
33
Median Age
9%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
5,100
Density / Sq Mi
$48,288
Median Household Income
$35,716
Median Earnings
$1,228
Median Rent
$188,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Duplexes in Portsmouth, VA
Properties on Market for Duplexes in Portsmouth
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both units are occupied, each with its own meter and fenced yard.
Where is this duplex located?
The property is located at 70 Manly Street Portsmouth, VA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Two occupied units, each with a separate meter; A fenced yard for each unit; 1,490 square feet
