Furnished Apartment
For Sale
Contact for pricing
9627 14th Bay St, Norfolk, VA 23518
Eight-property multifamily portfolio operated with furnished mid-duration rentals and updated interior and building systems.
Property Size42,540 SF
Lot Size1.55 Acres
Days on Market141
Property Features for 9627 14th Bay St
General Information
Standard status
Active
Size
42,540 SF
Lot size
1.55 Acres
Property subtype
Multifamily
Additional Details
Furnished
Yes
Multifamily Units
56
Building Details
Buildings
8
Listing Agency:
Colliers International
(757) 213-4144
Listed By:
Clark Simpson · License #VA 0225080714
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 2:13PM
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 Colliers International
Investment Insights
Based on property information with market context.
This multifamily portfolio includes 56 furnished apartment units across eight properties, totaling 42,540 square feet on 1.554 acres. Interior improvements include marble countertops, stainless steel appliances, electronic keyless entry, crown molding, hardwood flooring, and updated bathroom fixtures. The properties also feature new HVAC, electrical, and plumbing systems.
The portfolio is currently operated as a Mid-Duration Rental program with rental periods ranging from 30 to 89 days. Located at 9627 14th Bay St in Norfolk, the properties are within steps of the Chesapeake Bay and the amenities of Ocean View. The existing furnished configuration supports continued mid-duration operations, while the portfolio has also been underwritten for traditional one-year leasing.
The portfolio is currently operated as a Mid-Duration Rental program with rental periods ranging from 30 to 89 days. Located at 9627 14th Bay St in Norfolk, the properties are within steps of the Chesapeake Bay and the amenities of Ocean View. The existing furnished configuration supports continued mid-duration operations, while the portfolio has also been underwritten for traditional one-year leasing.
Key Highlights
- 56 furnished apartment units across eight properties
- 42,540 square feet on 1.554 acres
- Mid‑Duration Rental periods of 30‑89 days
Property Analytics
Property Profile
Current Use
Lease Details
56
Residential units
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
Explore this area
Business Placement
Demographics for 23518, VA
30,278
Population
13,911
Households
2.2
Avg Household Size
37
Median Age
32%
College-Educated
91%
High-School Grad
6.1 sq mi
ZIP Area
4,964
Density / Sq Mi
$73,899
Median Household Income
$47,605
Median Earnings
$1,348
Median Rent
$280,200
Median Home Value
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?
Apartment building - Eight-property multifamily portfolio operated with furnished mid-duration rentals and updated interior and building systems.
Where is this apartment building located?
The property is located at 9627 14th Bay St Norfolk, VA.
What are key features of this property?
This property features: 56 furnished apartment units across eight properties; 42,540 square feet on 1.554 acres; Mid‑Duration Rental periods of 30‑89 days
