Norfolk Multifamily Investment
For Sale
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717 Guy Avenue, Norfolk, VA 23505
32-unit apartment building in Norfolk, VA, built in 1985.
Property Size21,300 SF
Lot Size2.08 Acres
Days on Market73
Property Features for 717 Guy Avenue
General Information
Standard status
Active
Size
21,300 SF
Lot size
2.08 Acres
Property subtype
Multifamily
Building Details
Year Built
1985
Listing Agency:
Marcus & Millichap - Hampton Roads
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: May 20
Changed: Jul 10
Last Checked: Jul 29 at 4:27AM
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 Marcus & Millichap - Hampton Roads
Investment Insights
Based on property information with market context.
The property at 717 Guy Avenue, located in Norfolk, VA, presents an investment opportunity. Constructed in 1985, the building comprises thirty-two units, consisting of twenty-two one-bedroom, one-bathroom units and ten two-bedroom, one-bathroom units. The property is situated on a 2.08-acre lot. Norfolk, situated in the Hampton Roads metropolitan area with a population exceeding 1.7 million, serves as a significant economic and cultural center. Its central location within the region contributes to a diverse population and a stable demand for housing. Norfolk's economy is supported by major military installations, including Naval Station Norfolk, which drives consistent demand for rental properties.
Key Highlights
- Thirty‑two unit apartment building.
- Located in Norfolk, VA, part of the Hampton Roads metropolitan area.
- Strong rental demand due to proximity to Naval Station Norfolk.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
696
Businesses Nearby
Explore this area
Business Placement
Demographics for 23505, VA
27,785
Population
13,715
Households
2
Avg Household Size
32
Median Age
32%
College-Educated
91%
High-School Grad
6.6 sq mi
ZIP Area
4,210
Density / Sq Mi
$55,678
Median Household Income
$40,814
Median Earnings
$1,279
Median Rent
$318,600
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 32-unit apartment building in Norfolk, VA, built in 1985.
Where is this apartment building located?
The property is located at 717 Guy Avenue Norfolk, VA.
What are key features of this property?
This property features: Thirty‑two unit apartment building.; Located in Norfolk, VA, part of the Hampton Roads metropolitan area.; Strong rental demand due to proximity to Naval Station Norfolk.
