Duplex with Fenced
9200 Hickory Street, Norfolk, VA 23503
For Sale
New
$395,000
Multi Family Residential, Side by Side, Norfolk, VA
Property Size1,618 SF
Price / SF$244.13
Days on Market7
Property Features for 9200 Hickory Street
General Information
Property type
Property subtype
Subdivision
Lot features
Elementary school
Middle school
Standard status
Size
Taxes and HOA fees
Tax Annual Amount
Amenities
fully fenced backyard
Building Details
Year built
Roof type
Architectural style
Buildings
Listing Agency:
Garrett Realty Partners
Listed By:
Greg Garrett · License VA #0225071029
(757) 873-1002
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 10 at 1:06AM
MLS# 10660466
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 1,618-square-foot duplex contains two side-by-side units, each with renovated interiors and updated finishes. The building has all-brick construction and a shingle roof; it was built in 1956.
Set on a corner lot in Norfolk, the property includes a fully fenced backyard.
Set on a corner lot in Norfolk, the property includes a fully fenced backyard.
Key Highlights
- Two side‑by‑side residential units
- 1,618 square feet
- All‑brick construction with a shingle roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,192
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$423,840
$423.8K
Cap Rate 7%
$302,743
$302.7K
Cap Rate 9%
$235,467
$235.5K
Market Conditions
NOI Build-Up for 1,618 SF
Gross rent
$32.0K $19.80/SF
− Vacancy
−$1.8K −$1.09/SF
EGI
$30.3K $18.71/SF
− OpEx
−$9.1K −$5.61/SF
NOI
$21.2K $13.10/SF
Area
Norfolk, 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%
$423,840
Cap Rate 7%
$302,743
Cap Rate 9%
$235,467
Alternative Uses
Best Use
Multifamily LT 5
$302.7K
$264.9K – $353.2K
NOI $21,192 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,032 @ 7.0% cap · market cap 4.82%
Theoretical Best
Office A
$343.2K
$300.3K – $400.4K
NOI $24,026 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
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Business Placement
Demographics for 23503, VA
31,932
Population
15,350
Households
2.1
Avg Household Size
35
Median Age
31%
College-Educated
91%
High-School Grad
5.0 sq mi
ZIP Area
6,386
Density / Sq Mi
$62,428
Median Household Income
$42,850
Median Earnings
$1,195
Median Rent
$273,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Norfolk, VA
Properties on Market for Duplexes in Norfolk
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - The two-unit layout pairs renovated living spaces with a fenced outdoor area.
Where is this duplex located?
The property is located at 9200 Hickory Street Norfolk, VA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two side‑by‑side residential units; 1,618 square feet; All‑brick construction with a shingle roof
