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10-Unit Brick Apartment Building
For Sale
$1,150,000

734 Johnson Ave, Norfolk, VA 23504

Nine apartments are occupied, while one unit remains available for lease.

Property SizeContact for details
Days on Market9

Property Features for 734 Johnson Ave

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Multifamily Units 10

Building Details

Year Built 1988
Construction all-brick
Listing Agency: EXIT Realty Central
Listed By: Phyllis Willoughby
Source: Veritygroup
Added: Oct 7 Changed: Oct 12 Last Checked: Oct 7 at 2:12PM

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 EXIT Realty Central

Investment Insights

Based on property information with market context.

This 10-unit apartment property has all-brick construction and was built in 1988. Nine units are occupied, and one is vacant.

The building is located at 734 Johnson Ave in Norfolk’s Huntersville neighborhood.

Key Highlights

  • 10 apartments in an all‑brick building
  • Nine occupied units and one vacant unit
  • Built in 1988

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Home Appliance Store Carpet & Flooring Store Pet Grooming Service Locksmith Tanning Salon (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units

Location Intelligence

Trade Area within ½ mile

1,013
Businesses Nearby

Demographics for 23504, VA

22,465
Population
9,462
Households
2.4
Avg Household Size
30
Median Age
24%
College-Educated
83%
High-School Grad
4.1 sq mi
ZIP Area
5,479
Density / Sq Mi
$43,156
Median Household Income
$26,707
Median Earnings
$872
Median Rent
$259,500
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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Nine apartments are occupied, while one unit remains available for lease.
Where is this apartment building located?
The property is located at 734 Johnson Ave Norfolk, VA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 10 apartments in an all‑brick building; Nine occupied units and one vacant unit; Built in 1988
More about this property
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