Renovated
New
For Sale
$236,000
739 18th Street, Newport News, VA 23607
Multi Family Residential, Side by Side, Newport News, VA
Property Size1,200 SF
Price / SF$196.67
Days on Market5
Property Features for 739 18th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R4
Subdivision
STUART GARDENS
Elementary school
Hidenwood Elementary
Middle school
Huntington Middle
Standard status
Active
Size
1,200 SF
Taxes and HOA fees
Tax Annual Amount
2955
Building Details
Year built
1940
Roof type
Shingle
Architectural style
Other
Listing Agency:
Shaffer Realty LLC
Listed By:
Greg Covington
(757) 468-5000
Added: Oct 5
Changed: Oct 8
Last Checked: Oct 9 at 7:06AM
MLS# 10656593
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.
Investment Insights
Based on property information with market context.
This Newport News duplex contains 1,200 square feet and was built in 1940. Renovation work was completed in 2024. The property has a shingle roof and R4 zoning, and one of its two units is tenant-occupied.
Key Highlights
- 1,200‑square‑foot duplex in Newport News
- Rehabbed in 2024
- One of the two units is tenant‑occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,853
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,060
$277.1K
Cap Rate 7%
$197,900
$197.9K
Cap Rate 9%
$153,922
$153.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$20.9K $17.40/SF
− Vacancy
−$1.1K −$0.91/SF
EGI
$19.8K $16.49/SF
− OpEx
−$5.9K −$4.95/SF
NOI
$13.9K $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%
$277,060
Cap Rate 7%
$197,900
Cap Rate 9%
$153,922
Alternative Uses
Best Use
Multifamily LT 5
$197.9K
$173.2K – $230.9K
NOI $13,853 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$176.4K
$154.4K – $205.8K
NOI $12,349 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$254.9K
$223.0K – $297.3K
NOI $17,840 @ 7.0% cap · market cap 7.56%
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
Location Intelligence
Trade Area within ½ mile
351
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 - One residence is occupied by a tenant, providing rental income alongside the second unit.
Where is this duplex located?
The property is located at 739 18th Street Newport News, VA.
What is the asking price?
The asking price for this property is $236,000.
What are key features of this property?
This property features: 1,200‑square‑foot duplex in Newport News; Rehabbed in 2024; One of the two units is tenant‑occupied
