Two-Unit Residential Income
739 S Rosemont Road Virginia Beach, VA 23452
739 S Rosemont Road, Virginia Beach, VA, 23452
$375,000
For Sale
$375,000
MULTI_FAMILY - Virginia Beach, VA
Property Size2,142 SF
Price / SF$175.07
Days on Market61
Property Features for 739 S Rosemont Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- A12
- Standard status
- Active
- Size
- 2,142 SF
Taxes and HOA fees
- Tax Annual Amount
- 3485
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1999
- Roof type
- Shingle
- Architectural style
- Other
Listing agency
The Real Estate Group
(757) 961-9090
Listed by
Alexandra Serrano
(757) 410-8500
Added: May 22 Updated: Jul 18 at 6:27AM Checked: Jul 21 at 10:06AM
MLS# 10636160
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 duplex features two identical units built in 1999, arranged side by side, with each unit offering 2 bedrooms and 1.5 bathrooms. The property includes a roof described as being in good shape, HVAC that has been maintained and replaced, and a water heater replacement noted for the 741 unit. Front and back doors have been replaced recently at each unit. The sale is offered as-is, with rent roll available upon request.
The property is located at 739 S Rosemont Road in Virginia Beach, Virginia (23452). Both units are currently tenant occupied on month-to-month leases, and the seller indicates the tenants have been long time and pay on time.
Operationally, each unit’s identical layout and side-by-side configuration can simplify ongoing maintenance and management. Please refer to the available rent roll for current income details, and confirm all information with the seller during due diligence.
The property is located at 739 S Rosemont Road in Virginia Beach, Virginia (23452). Both units are currently tenant occupied on month-to-month leases, and the seller indicates the tenants have been long time and pay on time.
Operationally, each unit’s identical layout and side-by-side configuration can simplify ongoing maintenance and management. Please refer to the available rent roll for current income details, and confirm all information with the seller during due diligence.
Key Highlights
- Duplex built in 1999 (739 and 741 S Rosemont) with waterfront feature listed as “Waterfront.”
- Both units feature 2 bedrooms and 1.5 bathrooms with an identical side‑by‑side layout.
- Shingle roof reported in good shape.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.4k | $19.80 |
| − Vacancy | −$1.9k | −$0.89 |
| EGI | $40.5k | $18.91 |
| − OpEx | −$12.2k | −$5.67 |
| NOI | $28.4k | $13.24 |
2,142 SF · lease $19.80/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$405.0K
$354.4K – $472.5K
NOI $28,352 @ 7.0% cap · market cap 7.56%
Second Best
Apartment 5plus
$376.1K
$329.1K – $438.8K
NOI $26,329 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$555.2K
$485.8K – $647.7K
NOI $38,864 @ 7.0% cap · market cap 10.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1999, this side-by-side duplex offers two 2-bedroom units with 1.5 bathrooms each.
Where is this duplex located?
The property is located at 739 S Rosemont Road Virginia Beach, VA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex built in 1999 (739 and 741 S Rosemont) with waterfront feature listed as “Waterfront.”; Both units feature 2 bedrooms and 1.5 bathrooms with an identical side‑by‑side layout.; Shingle roof reported in good shape.
