8466 Radnor Road, Norfolk, VA 23503
MULTI_FAMILY - Norfolk, VA
- Added:
- Jun 11, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 20 at 11:06 am
Property Features for 8466 Radnor Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Standard status
- Active
- Size
- 1,860 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3300
Utilities
- Water front features
- Waterfront
Building Details
- Year built
- 1950
- Roof type
- Shingle
Listing agent David Cacace (757) 690-0439
Listing office BHHS RW Towne Realty 312 W 21st Street, Chesapeake, VA (757) 217-4200
Listing date Jun 11, 2026
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HighLights
- Two building duplex on a 1/3‑acre lot; both buildings are cinder block and vinyl.
- Unit A (front) includes a covered front porch, large living room, and separate dining area.
- Unit A has vinyl flooring throughout with ceramic tile in the bathroom; approx. 760 SF.
- Unit B (back) has been totally renovated with new kitchen counters, freshly painted cabinets, and new vinyl flooring, carpet, water heater, roof, and sewer line; approx. 1,100 SF.
- Both units are separately metered for power and water/sewer, plus a good sized detached garage.
Overview
The buildings sit on a large lot of approximately one-third acre at 8466 Radnor Road in Norfolk, Virginia. Each building is separately metered for power and for water/sewer, which can support independent utility billing. A good-sized detached garage is also included on the property.
With two duplex buildings on one parcel and independent utilities, this setup can fit buyers looking for an owner-occupied or portfolio scenario where each building can be managed separately. Unit B’s recent improvements, along with Unit A’s defined interior layout, provide a clear, two-unit configuration for residential income use.
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 | $36.8k | $19.80 |
| − Vacancy | −$2.0k | −$1.09 |
| EGI | $34.8k | $18.71 |
| − OpEx | −$10.4k | −$5.61 |
| NOI | $24.4k | $13.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norfolk
- County
- Norfolk
- State
- Virginia
- Longitude
- -76.2350481
- Latitude
- 36.9318589
