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    Newport News, VA
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    Newport News, VA Multifamily Properties for Sale

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    Newport News Duplex Investment
    Updated: May 1
    Newport News Duplex Investment

    716 31st Street, Newport News, VA 23607

    $240,000
    1,680 sqft
    Duplex built in 1940
    Waterfront feature
    Each unit has LVP flooring, updated windows, and modern HVAC systems
    Utilities are separately metered for each unit
    Leases reported as secured through 2027
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    This listing looks promising.

    Here's a quick look at some key insights for

    716 31st Street, Newport News, VA 23607

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    • Est. Cap Rate

      8.1%
      Above avg (5.9%)

    • Est. NOI

      $19K
      Annual

    • Price @ 7% Cap

      $277K
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1940
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    Newport News Mobile Home Park
    Updated: Dec 17, 2025
    Newport News Mobile Home Park

    5115 Jefferson Avenue, Newport News, VA 23605

    $2,599,999
    2,431 sqft 1.93 AC lot
    Proven profitability for 18 years with the same owner.
    Net annual profit of $200,000 in recent years.
    30 lots total, plus 3 apartments.
    Leases range from $699-$1199.
    Two units on rent‑to‑own leases.
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    River Park Tower Multifamily Opportunity
    River Park Tower Multifamily Opportunity

    2601 West Ave, Newport News, VA 23607

    Contact for pricing

    184-unit high-rise with James River views in Newport News.

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    Multifamily Apartment Building
    Multifamily Apartment Building

    Newport News, VA 23606

    Contact for pricing

    For-sale multifamily apartment building located at 12750 Nettles Drive in Newport News, Virginia.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Car Lot with Studio Rental Units
    Car Lot with Studio Rental Units

    5936 Jefferson Ave, Newport News, VA 23605

    Contact for pricing

    Established car lot plus vacant lot over an acre, with eight fully rented studio units included.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Newport News, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 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.

    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.

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    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
    Two-Story Commercial Building with Apartments
    Two-Story Commercial Building with Apartments

    2538 W Pembroke Avenue, Hampton, VA 23661

    $575,000
    5,100 sqft 0.34 AC lot

    Two-story building with first-floor office/warehouse space and two upstairs 2-bedroom apartments accessed via a private side entrance.

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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

    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.

    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.

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    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.

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    Wooded Corner Lot in Glen Cove
    Wooded Corner Lot in Glen Cove

    114 Spindrift Trail lot: 73, Elizabeth City, NC 27909

    Contact for pricing
    0.44 AC lot

    0.437-acre wooded corner lot in a friendly neighborhood.

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    Off-Market Properties in Newport News, VA

    Consider similar Off-Market properties in Newport News, 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.

    201 Kingstowne Rd
    APARTMENT HOUSE (5+ UNITS)

    201 Kingstowne Rd, Newport News, VA 23606

    Value Estimation by Request
    4,230 sqft 18.66 AC lot
    View details
    501 Waters Edge Dr
    APARTMENT HOUSE (5+ UNITS)

    501 Waters Edge Dr, Newport News, VA 23606-0030

    Value Estimation by Request
    5,623 sqft 25.00 AC lot
    View details
    13304 De Wald Cir
    APARTMENT HOUSE (5+ UNITS)

    13304 De Wald Cir, Newport News, VA 23602-5709

    Value Estimation by Request
    2,780 sqft 16.48 AC lot
    View details
    1100 William Styron S Sq
    APARTMENT HOUSE (5+ UNITS)

    1100 William Styron S Sq, Newport News, VA 23606-2877

    $1,795,000
    Estimated value
    4,475 sqft 1.56 AC lot
    View details
    96 31st St
    APARTMENT HOUSE (5+ UNITS)

    96 31st St, Newport News, VA 23607-3344

    Value Estimation by Request
    100 sqft 0.17 AC lot
    View details
    82 30th St
    APARTMENT HOUSE (5+ UNITS)

    82 30th St, Newport News, VA 23607-3818

    Value Estimation by Request
    600 sqft 0.17 AC lot
    View details
    85 29th St
    APARTMENT HOUSE (5+ UNITS)

    85 29th St, Newport News, VA 23607-3820

    Value Estimation by Request
    450 sqft 1.39 AC lot
    View details
    614 Peninsula Dr
    APARTMENT HOUSE (5+ UNITS)

    614 Peninsula Dr, Newport News, VA 23605-2928

    Value Estimation by Request
    100 sqft 35.50 AC lot
    View details
    900 Old Ml Ct
    APARTMENT HOUSE (5+ UNITS)

    900 Old Ml Ct, Newport News, VA 23602

    Value Estimation by Request
    100 sqft 6.10 AC lot
    View details
    307 Saint Thomas Dr
    APARTMENT HOUSE (5+ UNITS)

    307 Saint Thomas Dr, Newport News, VA 23606-4365

    $38,250,000
    Estimated value
    4,432 sqft 20.73 AC lot
    View details
    100 Riv Trce Way
    APARTMENT HOUSE (5+ UNITS)

    100 Riv Trce Way, Newport News, VA 23602-5564

    Value Estimation by Request
    2,414 sqft 3.20 AC lot
    View details
    520 Logan Pl
    APARTMENT HOUSE (5+ UNITS)

    520 Logan Pl, Newport News, VA 23601-3338

    Value Estimation by Request
    100 sqft 0.34 AC lot
    View details
    410 Logan Pl
    APARTMENT HOUSE (5+ UNITS)

    410 Logan Pl, Newport News, VA 23601-3340

    Value Estimation by Request
    100 sqft 1.29 AC lot
    View details
    559 Logan Pl
    APARTMENT HOUSE (5+ UNITS)

    559 Logan Pl, Newport News, VA 23601-3324

    Value Estimation by Request
    100 sqft 4.50 AC lot
    View details
    500 Logan Pl
    APARTMENT HOUSE (5+ UNITS)

    500 Logan Pl, Newport News, VA 23601-3360

    Value Estimation by Request
    100 sqft 2.21 AC lot
    View details
    831 Madeline Pl
    APARTMENT HOUSE (5+ UNITS)

    831 Madeline Pl, Newport News, VA 23606

    $17,500,000
    Estimated value
    2,246 sqft 1.49 AC lot
    View details
    47 Traverse Rd
    APARTMENT HOUSE (5+ UNITS)

    47 Traverse Rd, Newport News, VA 23606-3532

    Value Estimation by Request
    100 sqft 11.10 AC lot
    View details
    946 Marcus Dr
    APARTMENT HOUSE (5+ UNITS)

    946 Marcus Dr, Newport News, VA 23602-7241

    Value Estimation by Request
    100 sqft 14.00 AC lot
    View details
    568 Logan Pl
    APARTMENT HOUSE (5+ UNITS)

    568 Logan Pl, Newport News, VA 23601-3327

    Value Estimation by Request
    100 sqft 6.80 AC lot
    View details

    Newport News, VA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Newport News, VA, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 4,111 square feet of properties for sale, with an estimated market value of $2,839,999.

    Sale prices for multifamily properties in Newport News, VA start at $240,000, averaging $1,419,999, and reaching up to $2,599,999 — 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

    Apartment buildings 4
    Duplexes 1
    Mobile home & RV parks 1

    Demographics Overview

    Population 188K
    Population Growth (5Y) -3.4%
    Median Household Income $66,006
    College Educated 28.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    23607 $270K
    23601 $1.4M
    23605 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 0.95%
    Property Tax per SF $18.38 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 Newport News fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Newport News, VA

    • 23607
    • 23601
    • 23605
    • 23606

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