Updated Duplex with Separate
For Sale
$287,000
732 30th St, Newport News, VA 23607
Two-unit residential property with refreshed interiors, individual utility metering, and washer/dryer connections in each residence.
Property Size1,494 SF
Price / SF$192.10
Days on Market54
Property Features for 732 30th St
General Information
Standard status
Active
Size
1,494 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
washer/dryer hookups
Building Details
Year Built
1955
Buildings
1
Tenancy
Multi
Listing Agency:
Value Up Realty LLC
Listed By:
Jenifer Spratley
(757) 291-1249
Source:
Horakrealtygroup
Added: Aug 17
Changed: Sep 16
Last Checked: Oct 7 at 5:48PM
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 Value Up Realty LLC
Investment Insights
Based on property information with market context.
This duplex contains two occupied residences, each configured with 2 bedrooms and 1 bath. Separate utility meters and washer/dryer hookups support straightforward operation for both units. Improvements include a roof replacement in 2019, HVAC updates in 2019 and 2026, kitchen renovations with granite countertops and stainless steel appliances in 2019, and newer carpet installed in 2026.
Located at 732 30th St in Newport News, the property is near Newport News Shipbuilding, major employers, shopping, dining, and interstate access. The existing occupancy and updated unit features provide a clear snapshot of the current residential income property.
Located at 732 30th St in Newport News, the property is near Newport News Shipbuilding, major employers, shopping, dining, and interstate access. The existing occupancy and updated unit features provide a clear snapshot of the current residential income property.
Key Highlights
- Two 2‑bedroom, 1‑bath units; both are currently occupied
- Separate utility meters and washer/dryer hookups for each unit
- Roof replaced in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,247
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,940
$344.9K
Cap Rate 7%
$246,386
$246.4K
Cap Rate 9%
$191,633
$191.6K
Market Conditions
NOI Build-Up for 1,494 SF
Gross rent
$26.0K $17.40/SF
− Vacancy
−$1.4K −$0.91/SF
EGI
$24.6K $16.49/SF
− OpEx
−$7.4K −$4.95/SF
NOI
$17.2K $11.54/SF
Area
Newport News, VA
Vacancy
5.22%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,940
Cap Rate 7%
$246,386
Cap Rate 9%
$191,633
Alternative Uses
Best Use
Multifamily LT 5
$246.4K
$215.6K – $287.5K
NOI $17,247 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$219.6K
$192.2K – $256.3K
NOI $15,375 @ 7.0% cap · market cap 5.36%
Theoretical Best
Office A
$317.3K
$277.6K – $370.2K
NOI $22,211 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
417
Businesses Nearby
Explore this area
Business Placement
Demographics for 23607, VA
23,498
Population
10,764
Households
2.2
Avg Household Size
33
Median Age
14%
College-Educated
85%
High-School Grad
6.0 sq mi
ZIP Area
3,916
Density / Sq Mi
$42,904
Median Household Income
$33,746
Median Earnings
$1,104
Median Rent
$146,400
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 - Two-unit residential property with refreshed interiors, individual utility metering, and washer/dryer connections in each residence.
Where is this duplex located?
The property is located at 732 30th St Newport News, VA.
What is the asking price?
The asking price for this property is $287,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bath units; both are currently occupied; Separate utility meters and washer/dryer hookups for each unit; Roof replaced in 2019
