Leased
New
For Sale
$540,000
826 13th St, Virginia Beach, VA 23451
Both residential units are currently leased, providing an existing rental configuration.
Property Size1,568 SF
Price / SF$344.39
Days on Market3
Property Features for 826 13th St
General Information
Standard status
Active
Size
1,568 SF
Property subtype
Multi Family Home
Zoning
R5D
Additional Details
Tenant in Place
Yes
Building Details
Building Size
1,568 SF
Year Built
1979
Listing Agency:
Long & Foster Real Estate Inc.
(757) 428-4600
Listed By:
Jeremy Caleb Johnson
Source:
Jamesallengroup
Added: Oct 29
Last Checked: Oct 29 at 2:48PM
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 Long & Foster Real Estate Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,568-square-foot duplex was built in 1979 and is zoned R5D. Both residential units are currently leased, establishing an existing rental use at the property.
The duplex is at 826 13th St in Virginia Beach, within a few blocks of the Virginia Beach Wave Garden surf park.
The duplex is at 826 13th St in Virginia Beach, within a few blocks of the Virginia Beach Wave Garden surf park.
Key Highlights
- Two residential units are currently leased
- 1,568‑square‑foot duplex
- R5D zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,537
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,740
$410.7K
Cap Rate 7%
$293,386
$293.4K
Cap Rate 9%
$228,189
$228.2K
Market Conditions
NOI Build-Up for 1,568 SF
Gross rent
$31.0K $19.80/SF
− Vacancy
−$1.7K −$1.09/SF
EGI
$29.3K $18.71/SF
− OpEx
−$8.8K −$5.61/SF
NOI
$20.5K $13.10/SF
Area
Virginia Beach, VA
Vacancy
5.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$410,740
Cap Rate 7%
$293,386
Cap Rate 9%
$228,189
Alternative Uses
Best Use
Multifamily LT 5
$293.4K
$256.7K – $342.3K
NOI $20,537 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,033 @ 7.0% cap · market cap 3.52%
Theoretical Best
Office A
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
841
Businesses Nearby
Explore this area
Business Placement
Demographics for 23451, VA
44,879
Population
24,897
Households
1.8
Avg Household Size
41
Median Age
57%
College-Educated
97%
High-School Grad
19.8 sq mi
ZIP Area
2,267
Density / Sq Mi
$97,945
Median Household Income
$57,472
Median Earnings
$1,697
Median Rent
$591,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residential units are currently leased, providing an existing rental configuration.
Where is this duplex located?
The property is located at 826 13th St Virginia Beach, VA.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two residential units are currently leased; 1,568‑square‑foot duplex; R5D zoning
