Rehabilitated Duplex with Two
For Sale
$345,000
922 Holladay St, Portsmouth, VA 23704
Two remodeled residences offer separate layouts and laundry hookups in historic Portsmouth near schools, shopping, restaurants, and interstate access.
Property Size3,030 SF
Price / SF$113.86
Days on Market84
Property Features for 922 Holladay St
General Information
Standard status
Active
Size
3,030 SF
Property subtype
Multi-Family
Amenities
washer/dryer hookups
Building Details
Year Built
1895
Year Renovated
2022
Listing Agency:
1st Class Real Estate Flagship
Listed By:
Malisa Hawkins
(757) 553-8843
Source:
Vineyardhomesva
Added: Jul 23
Changed: Oct 8
Last Checked: Oct 7 at 3:40PM
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 1st Class Real Estate Flagship
Investment Insights
Based on property information with market context.
Built in 1895, this duplex contains two fully remodeled residences with updated interiors and separate floor plans. The lower unit includes three bedrooms and one-and-a-half baths, while the upper residence provides three bedrooms and one full bath. Both units have washer and dryer hookups. The upstairs unit also features hardwood flooring and stainless steel appliances.
Renovations completed within the past 5 years include a new roof, replacement windows, new HVAC systems, updated flooring, and contemporary interior finishes. The property also includes the neighboring lot at 908 Holladay St. Located in historic Portsmouth, the duplex is near schools, shopping, restaurants, and interstate access.
Renovations completed within the past 5 years include a new roof, replacement windows, new HVAC systems, updated flooring, and contemporary interior finishes. The property also includes the neighboring lot at 908 Holladay St. Located in historic Portsmouth, the duplex is near schools, shopping, restaurants, and interstate access.
Key Highlights
- Duplex with two remodeled residences, each offering 3 bedrooms
- Lower unit includes 1.5 baths; upper unit includes 1 full bath
- Renovations completed within the past 5 years include roof, windows, HVAC, flooring, and interior finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,314
Cap Rate
7.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,280
$526.3K
Cap Rate 7%
$375,914
$375.9K
Cap Rate 9%
$292,378
$292.4K
Market Conditions
NOI Build-Up for 3,030 SF
Gross rent
$40.7K $13.44/SF
− Vacancy
−$3.1K −$1.03/SF
EGI
$37.6K $12.41/SF
− OpEx
−$11.3K −$3.72/SF
NOI
$26.3K $8.68/SF
Area
Portsmouth County, VA
Vacancy
7.69%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,280
Cap Rate 7%
$375,914
Cap Rate 9%
$292,378
Alternative Uses
Best Use
Multifamily LT 5
$375.9K
$328.9K – $438.6K
NOI $26,314 @ 7.0% cap · market cap 7.63%
Second Best
Apartment 5plus
$346.6K
$303.2K – $404.3K
NOI $24,259 @ 7.0% cap · market cap 7.03%
Theoretical Best
Office A
$964.6K
$844.1K – $1.13M
NOI $67,525 @ 7.0% cap · market cap 19.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,459
Businesses Nearby
Explore this area
Business Placement
Demographics for 23704, VA
19,505
Population
9,538
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
4.5 sq mi
ZIP Area
4,334
Density / Sq Mi
$44,739
Median Household Income
$34,488
Median Earnings
$1,279
Median Rent
$197,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two remodeled residences offer separate layouts and laundry hookups in historic Portsmouth near schools, shopping, restaurants, and interstate access.
Where is this duplex located?
The property is located at 922 Holladay St Portsmouth, VA.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Duplex with two remodeled residences, each offering 3 bedrooms; Lower unit includes 1.5 baths; upper unit includes 1 full bath; Renovations completed within the past 5 years include roof, windows, HVAC, flooring, and interior finishes
