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    Hampton, VA
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    Hampton, VA Multifamily Properties for Sale

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    Two-Story Commercial Building with Apartments
    Updated: Mar 11, 2022
    Two-Story Commercial Building with Apartments

    2538 W Pembroke Avenue, Hampton, VA 23661

    $575,000
    5,100 sqft 0.34 AC lot
    Two‑story commercial building fronting W Pembroke and backing up to I‑664
    1st floor features office and warehouse space; 2nd floor has two 2‑bedroom apartments with a private side entrance
    Includes both 2538 and 2540 W Pembroke
    New roof just installed; property described as in good shape
    Zoned forced air heating and zoned central air conditioning
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    This listing looks promising.

    Here's a quick look at some key insights for

    2538 W Pembroke Avenue, Hampton, VA 23661

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    • Est. Cap Rate

      7.1%
      Above avg (5.9%)

    • Est. NOI

      $41K
      Annual

    • Price @ 7% Cap

      $580K
      Above asking

    • Property Type

      Retail Stores
      Built 1957
    View Property Analytics
    Updated Duplex with Private Entrances
    Updated: Jun 26
    Updated Duplex with Private Entrances

    4001 Chesapeake Avenue, Hampton, VA 23669

    $650,000
    3,909 sqft
    Fully updated duplex built in 1968 with waterfront views
    Gated, direct access to Merrimack Shores Park; no HOA and city‑maintained streets
    Two separate living spaces with private entrances, full kitchens, and patios
    Front unit: 3BR/2.5BA leased to long‑term tenants; lease ends Aug. 22
    Rear unit: 4BR/1BA vacant and includes space for a potential second bath
    View details
    Corner-Lot Duplex with Double Porches
    Corner-Lot Duplex with Double Porches

    226 S Willard Avenue, Hampton, VA 23663

    $449,000
    2,740 sqft

    Two-story duplex on a corner lot with partial Mill Creek and Bay views, currently configured as two 3-bedroom units.

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    Elmwood Trailer Park Investment Opportunity
    Elmwood Trailer Park Investment Opportunity

    959 N King Street, Hampton, VA 23669

    $775,000
    2.58 AC lot

    High-performance, 15-site trailer park on 2.58 acres.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Updated Duplex For Sale
    Updated Duplex For Sale

    607 E Pembroke Avenue, Hampton, VA 23669

    $335,000
    1,506 sqft

    Recently updated duplex offers ready-to-move-in residential income with owner-occupant flexibility.

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    Commercial Building with Residential Income
    Commercial Building with Residential Income

    2538 W Pembroke AVE, Hampton, VA 23661

    $575,000
    0.34 AC lot

    Two-story commercial building with apartments and warehouse near I-664.

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    Mixed-Use Building Near I-664
    Mixed-Use Building Near I-664

    2538 W Pembroke Avenue, Hampton, VA 23661

    $575,000
    5,100 sqft 0.34 AC lot

    Two-story commercial building with apartments and warehouse near I-664.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Hampton, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Newport News Mobile Home Park
    Newport News Mobile Home Park

    5115 Jefferson Avenue, Newport News, VA 23605

    $2,599,999
    2,431 sqft 1.93 AC lot

    Mobile home park with lots and apartments for sale.

    View details
    Turnkey Quadplex with Private Decks
    Turnkey Quadplex with Private Decks

    1439 W Ocean View Avenue, Norfolk, VA 23503

    $898,000
    3,200 sqft

    Turnkey quadplex offers separate electric metering and private decks for each unit.

    View details
    Newport News Duplex Investment
    Newport News Duplex Investment

    716 31st Street, Newport News, VA 23607

    $240,000
    1,680 sqft

    Well-maintained duplex with leases secured through 2027 in Newport News.

    View details
    Value-Add Multifamily Opportunity
    Value-Add Multifamily Opportunity

    1315 Little Bay Ave, Norfolk, VA 23503

    $1,500,000

    12-unit multifamily property with value-add potential in Norfolk, VA.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    10.88 Acre Wooded Building Lot
    10.88 Acre Wooded Building Lot

    10.88 AC Beech Creek Road, Gloucester, VA 23061

    $135,000
    10.88 AC lot

    10.88 acre wooded lot in Gloucester County, Virginia.

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    Gloucester Land Parcel For Sale
    Gloucester Land Parcel For Sale

    10.88 AC Beech Creek Road, Gloucester, VA 23061

    $125,000
    10.88 AC lot

    10.88 acre wooded building lot in Gloucester County, Virginia.

    View details
    Land in Church View, VA
    Land in Church View, VA

    Wares Bridge, Church View, VA 23032

    $39,900

    Wooded land with road frontage, mobile homes permitted.

    View details
    Waterfront Land in Elizabeth City
    Waterfront Land in Elizabeth City

    Driftwood Drive lot: 0, Elizabeth City, NC 27909

    $550,000
    53.50 AC lot

    53.5-acre waterfront property with development potential in Elizabeth City, NC.

    View details

    Off-Market Properties in Hampton, VA

    Consider similar Off-Market properties in Hampton, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2604 Pembroke Ave
    HIGH-RISE APARTMENTS

    2604 Pembroke Ave, Hampton, VA 23661-1748

    $715,000
    Estimated value
    8,522 sqft 0.31 AC lot
    View details
    108 Old Aberdeen Rd
    MOBILE HOME PARK, TRAILER PARK

    108 Old Aberdeen Rd, Hampton, VA 23661-1750

    $650,000
    Estimated value
    1.21 AC lot
    View details
    988 King St
    HIGH-RISE APARTMENTS

    988 King St, Hampton, VA 23669-2858

    $2,355,000
    Estimated value
    6,724 sqft 1.22 AC lot
    View details
    3750 Kecoughtan Rd
    HIGH-RISE APARTMENTS

    3750 Kecoughtan Rd, Hampton, VA 23669-4407

    $4,445,000
    Estimated value
    62,050 sqft 4.34 AC lot
    View details
    330 Mercury Blvd
    MOBILE HOME PARK, TRAILER PARK

    330 Mercury Blvd, Hampton, VA 23663-2139

    Value Estimation by Request
    1.27 AC lot
    View details
    2112 Zinzer Rd
    HIGH-RISE APARTMENTS

    2112 Zinzer Rd, Hampton, VA 23663

    Value Estimation by Request
    1,536 sqft 0.37 AC lot
    View details
    2166 Woodmansee Dr
    HIGH-RISE APARTMENTS

    2166 Woodmansee Dr, Hampton, VA 23663-1043

    Value Estimation by Request
    1,536 sqft 0.90 AC lot
    View details
    2122 Roger Peed Dr
    HIGH-RISE APARTMENTS

    2122 Roger Peed Dr, Hampton, VA 23663

    $27,070,000
    Estimated value
    1,536 sqft 2.33 AC lot
    View details
    2106 Roger Peed Dr
    HIGH-RISE APARTMENTS

    2106 Roger Peed Dr, Hampton, VA 23663

    Value Estimation by Request
    816 sqft 1.50 AC lot
    View details
    2135 Roger Peed Dr
    HIGH-RISE APARTMENTS

    2135 Roger Peed Dr, Hampton, VA 23663

    Value Estimation by Request
    1,536 sqft 1.49 AC lot
    View details
    2131 Roger Peed Dr
    HIGH-RISE APARTMENTS

    2131 Roger Peed Dr, Hampton, VA 23663-1022

    Value Estimation by Request
    1,536 sqft 1.16 AC lot
    View details
    2166 Newton Rd
    HIGH-RISE APARTMENTS

    2166 Newton Rd, Hampton, VA 23663

    $26,505,000
    Estimated value
    1,536 sqft 2.12 AC lot
    View details
    620 Celey St
    HIGH-RISE APARTMENTS

    620 Celey St, Hampton, VA 23661-2056

    Value Estimation by Request
    3,500 sqft 0.31 AC lot
    View details
    2101 Kecoughtan Rd
    HIGH-RISE APARTMENTS

    2101 Kecoughtan Rd, Hampton, VA 23661-3262

    $2,750,000
    Estimated value
    23,466 sqft 5.33 AC lot
    View details
    8645 Orcutt Ave
    HIGH-RISE APARTMENTS

    8645 Orcutt Ave, Hampton, VA 23605-1206

    $47,500,000
    Estimated value
    281,232 sqft 17.16 AC lot
    View details
    2 Lakeshore Dr
    HIGH-RISE APARTMENTS

    2 Lakeshore Dr, Hampton, VA 23666-2339

    $23,000,000
    Estimated value
    17,442 sqft 1.44 AC lot
    View details
    2 Twin Lks Cir
    HIGH-RISE APARTMENTS

    2 Twin Lks Cir, Hampton, VA 23666-2398

    $13,000,000
    Estimated value
    20,850 sqft 0.29 AC lot
    View details

    Hampton, VA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Hampton, VA, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 18,355 square feet of properties for sale, with an estimated market value of $2,584,000.

    Sale prices for multifamily properties in Hampton, VA start at $335,000, averaging $516,800, and reaching up to $650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 6
    Mobile home & RV parks 1
    Short term rental properties 1

    Demographics Overview

    Population 165K
    Population Growth (5Y) +0.4%
    Median Household Income $71,805
    College Educated 36.3%

    High-Yield Neighborhoods for Investment

    Identify Hampton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    23663 $449K
    23661 $575K
    23669 $712.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.26%
    Property Tax per SF $13.94 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Newport News city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Hampton fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Hampton, VA

    • 23661
    • 23669
    • 23663

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