Residential Apartment
For Sale
Contact for pricing
771 Sheppard Ave, Norfolk, VA 23518
Portfolio includes thirteen total units across eight buildings on 2.29 acres.
Property SizeContact for details
Lot Size2.29 Acres
Days on Market123
Property Features for 771 Sheppard Ave
General Information
Standard status
Active
Lot size
2.29 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
13
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Hampton Roads
Listed By:
Altay Uzun · License #VA 0225214405
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 3:59PM
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 portfolio consists of thirteen total apartment units distributed across eight buildings constructed between 1948 and 1969. Unit mix includes five one-bedroom, one-bath units, six two-bedroom, one-bath units, one three-bedroom, two-bath unit, and one three-bedroom, one-bath unit.
The property is described as centrally located, providing residents easy access to Hampton Roads’ top employers.
This offering is best suited for buyers seeking a multi-building residential income portfolio with a defined unit mix and established footprint totaling 2.29 acres.
The property is described as centrally located, providing residents easy access to Hampton Roads’ top employers.
This offering is best suited for buyers seeking a multi-building residential income portfolio with a defined unit mix and established footprint totaling 2.29 acres.
Key Highlights
- Portfolio of 13 total units across eight buildings on 2.29 acres
- Unit mix includes five 1BD/1BA units, six 2BD/1BA units, one 3BD/2BA unit, and one 3BD/1BA unit
- Eight buildings built between 1948 and 1969
Property Analytics
Property Profile
Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
473
Businesses Nearby
Explore this area
Business Placement
Demographics for 23518, VA
30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
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 - Portfolio includes thirteen total units across eight buildings on 2.29 acres.
Where is this apartment building located?
The property is located at 771 Sheppard Ave Norfolk, VA.
What are key features of this property?
This property features: Portfolio of 13 total units across eight buildings on 2.29 acres; Unit mix includes five 1BD/1BA units, six 2BD/1BA units, one 3BD/2BA unit, and one 3BD/1BA unit; Eight buildings built between 1948 and 1969
