Updated 4-Unit
834 C Avenue Norfolk, VA 23504
New
834 C Avenue, Norfolk, VA, 23504
$599,999
For Sale
$599,999
MULTI_FAMILY - Norfolk, VA
Property Size3,400 SF
Price / SF$176.47
Days on Market4
Property Features for 834 C Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Zoning
- R-11
- Standard status
- Active
- Size
- 3,400 SF
Taxes and HOA fees
- Tax Annual Amount
- 5012
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1987
Listing Agency
ListWithFreedom.com Inc
(855) 456-4945
905 US Hwy 321 NW Ste. 360, Boynton Beach, VA
Listed by
Ralph Harvey · License #5002985
(855) 456-4945
Added: Jul 15 Checked: Jul 18 at 3:06 am
MLS# 10644438
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 updated 4-unit quadplex offers four units with the same layout and consistent interior finishes, including light gray paint and LVP flooring. Stainless steel appliances are included in the units. HVAC systems are new within the last 24 months, and three of the four units are described as Trane. Separate meter utilities are noted.
The property is located at 834 C Avenue in Norfolk, Virginia, and is listed under zoning R-11. Public remarks indicate exterior walks are acceptable.
Leases are described as including a provision allowing a new owner to cancel the lease upon sale, giving the new owner the option to choose which unit to reside in. Video walkthroughs of all units are available upon request.
The property is located at 834 C Avenue in Norfolk, Virginia, and is listed under zoning R-11. Public remarks indicate exterior walks are acceptable.
Leases are described as including a provision allowing a new owner to cancel the lease upon sale, giving the new owner the option to choose which unit to reside in. Video walkthroughs of all units are available upon request.
Key Highlights
- 4‑unit quadplex in Norfolk; all units share the same layout
- Newer HVACs—installed within the last 24 months; 3/4 are Trane
- Separate meter utilities
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 | $67.3k | $19.80 |
| − Vacancy | −$3.7k | −$1.09 |
| EGI | $63.6k | $18.71 |
| − OpEx | −$19.1k | −$5.61 |
| NOI | $44.5k | $13.10 |
3,400 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$636.2K
$556.7K – $742.2K
NOI $44,532 @ 7.0% cap · market cap 7.42%
Second Best
Apartment 5plus
$571.3K
$499.9K – $666.6K
NOI $39,993 @ 7.0% cap · market cap 6.67%
Theoretical Best
Office A
$721.3K
$631.1K – $841.5K
NOI $50,488 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four units with the same layout, updated finishes, new HVAC, stainless appliances, and separate-meter utilities.
Where is this quadplex located?
The property is located at 834 C Avenue Norfolk, VA.
What is the asking price?
The asking price for this property is $599,999.
What are key features of this property?
This property features: 4‑unit quadplex in Norfolk; all units share the same layout; Newer HVACs—installed within the last 24 months; 3/4 are Trane; Separate meter utilities
