Listing Agency: Pinnacle Real Estate Advisors

Listed By: Jules Hochman · License #CO FA40026271

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 10:30PM

Report an Issue

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 Pinnacle Real Estate Advisors

Investment Insights

Based on property information with market context.

Jersey Park is an 80-unit apartment property operating under a project-based Section 8 structure. The asset is located at 775 Wrenn Road in Smithfield, Virginia, an Eastern Virginia town positioned outside Newport News and Norfolk.

Key Highlights

• 80‑unit apartment property
• Project‑based Section 8 structure
• Located in Smithfield, Virginia

Property Analytics

Property Profile

Current Use

Jersey Park Apartments Apartment Building

Suggested Use

Top Pick Electrical Service Bakery Auto Parts Store (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Big Box & Wholesale 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

80

Residential units

Location Intelligence

Trade Area within ½ mile

152

Businesses Nearby

Explore this area Business Placement

Demographics for 23430, VA

18,232

Population

7,961

Households

2.3

Avg Household Size

47

Median Age

32%

College-Educated

93%

High-School Grad

104.1 sq mi

ZIP Area

175

Density / Sq Mi

$103,580

Median Household Income

$53,070

Median Earnings

$1,162

Median Rent

$347,700

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Two-Building Manufacturing Property

17466 Benns Church Boulevard, Smithfield, VA 23430

$975,000

2,500 SF

View details

Retail Space with Office Layout

311 Main St, Smithfield, VA 23430

Contact for pricing

View details

Five-Tenant Strip Center

1201 Benns Church Blvd, Smithfield, VA 23430

Contact for pricing

View details

Retail Space with Loading Ramp

223 Main Street, Smithfield, VA 23430

Contact for pricing

View details

Medical Office with Exam Rooms

200 Gumwood Dr, Smithfield, VA 23430

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Apartment building - Project-based Section 8 housing property serving the Smithfield market in Eastern Virginia.

Where is this apartment building located?

The property is located at 775 Wrenn Road Smithfield, VA.

What are key features of this property?

This property features: 80‑unit apartment property; Project‑based Section 8 structure; Located in Smithfield, Virginia