Side-by-Side
New
For Sale
$350,000
707 Rosemont Road, Virginia Beach, VA 23452
Multi Family Residential, Side by Side, Virginia Beach, VA
Property Size1,650 SF
Price / SF$212.12
Days on Market5
Property Features for 707 Rosemont Road
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Subdivision
PECAN GARDENS
Elementary school
Windsor Oaks Elementary
Middle school
Plaza Middle
Standard status
Active
Size
1,650 SF
Taxes and HOA fees
Tax Annual Amount
2781
Amenities
fully fenced yard
dedicated driveway space
Building Details
Year built
1979
Roof type
Shingle
Architectural style
Other
Listing Agency:
CoastalVA Realty Inc.
(757) 248-2638
Listed By:
James Callahan
(757) 965-3669
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 9:06AM
MLS# 10658444
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.
Built in 1979, this 1,650-square-foot brick duplex has a side-by-side layout and a shingle roof. One unit was renovated a couple of years ago; the other requires full renovation. The front unit includes Lifeproof laminate flooring and an electric fireplace.
The property has a fully enclosed yard and dedicated driveway space. It is being sold as-is, with no repairs to be completed by the seller.
The property has a fully enclosed yard and dedicated driveway space. It is being sold as-is, with no repairs to be completed by the seller.
Key Highlights
- 1,650 square feet of building area
- Side‑by‑side brick duplex configuration
- One unit renovated a couple of years ago; the other needs full renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,840
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,800
$436.8K
Cap Rate 7%
$312,000
$312.0K
Cap Rate 9%
$242,667
$242.7K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$32.7K $19.80/SF
− Vacancy
−$1.5K −$0.89/SF
EGI
$31.2K $18.91/SF
− OpEx
−$9.4K −$5.67/SF
NOI
$21.8K $13.24/SF
Area
ZIP 23452
Vacancy
4.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,800
Cap Rate 7%
$312,000
Cap Rate 9%
$242,667
Alternative Uses
Best Use
Multifamily LT 5
$312.0K
$273.0K – $364.0K
NOI $21,840 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$289.7K
$253.5K – $338.0K
NOI $20,282 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$427.7K
$374.2K – $499.0K
NOI $29,938 @ 7.0% cap · market cap 8.55%
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
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 23452, VA
59,076
Population
23,455
Households
2.5
Avg Household Size
37
Median Age
35%
College-Educated
95%
High-School Grad
15.1 sq mi
ZIP Area
3,912
Density / Sq Mi
$77,327
Median Household Income
$44,009
Median Earnings
$1,571
Median Rent
$324,000
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
Frequently Asked Questions
What type of property is this?
Duplex - Brick construction, a fenced yard, and dedicated driveway parking serve this two-unit residential property.
Where is this duplex located?
The property is located at 707 Rosemont Road Virginia Beach, VA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,650 square feet of building area; Side‑by‑side brick duplex configuration; One unit renovated a couple of years ago; the other needs full renovation
