Two-Unit Residential
For Sale
$575,000
826 13th Street, Virginia Beach, VA 23451
Multi Family Residential, Side by Side, Virginia Beach, VA
Property Size1,568 SF
Lot Size0.16 Acres
Price / SF$366.71
Days on Market50
Property Features for 826 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R5D
Subdivision
LAKEWOOD - 142
Elementary school
W.T. Cooke Elementary
Middle school
Virginia Beach Middle
Standard status
Active
Size
1,568 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Annual Amount
4330
Building Details
Year built
1979
Roof type
Shingle
Architectural style
Other
Listing Agency:
Long & Foster Real Estate Inc.
(757) 428-4600
Listed By:
Jeremy Caleb Johnson
Added: Aug 28
Changed: Oct 9
Last Checked: Oct 16 at 5:06PM
MLS# 10651276
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.
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Investment Insights
Based on property information with market context.
This residential duplex contains two side-by-side units, each configured with two bedrooms and one bathroom. The building totals 1,568 square feet and was constructed in 1979. A shingle roof is reported, and the property is zoned R5D. The parcel measures 7,056 square feet.
Current leases end on May 31, 2027, and August 31, 2027. The property is at 826 13th Street in Virginia Beach, with access to the Boardwalk, restaurants, outdoor recreation, and the ViBe District.
Current leases end on May 31, 2027, and August 31, 2027. The property is at 826 13th Street in Virginia Beach, with access to the Boardwalk, restaurants, outdoor recreation, and the ViBe District.
Key Highlights
- Two leased units, with lease end dates of 5/31/27 and 8/31/27
- Each unit has 2 bedrooms and 1 bathroom
- 7,056‑square‑foot lot; zoned R5D
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,537
Cap Rate
3.57%
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 3.57%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,033 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$402.2K
$352.0K – $469.3K
NOI $28,157 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased, with current terms ending in 2027.
Where is this duplex located?
The property is located at 826 13th Street Virginia Beach, VA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two leased units, with lease end dates of 5/31/27 and 8/31/27; Each unit has 2 bedrooms and 1 bathroom; 7,056‑square‑foot lot; zoned R5D
