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

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    Waterfront Over-Under Duplex
    Updated: Aug 13
    Waterfront Over-Under Duplex

    1121 35th Street, Newport News, VA 23607

    $199,900
    1,518 sqft
    Two‑unit over‑under duplex with 1,518 square feet
    Each residence includes 2 bedrooms and 1 bathroom
    Separate entrances serve the individual units
    Kitchens feature LPV flooring and storage
    R4 zoning in Newport News
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    Mobile Home Park With Apartments
    Updated: Dec 17, 2025
    Mobile Home Park With Apartments

    5115 Jefferson Avenue, Newport News, VA 23605

    $2,599,999
    2,431 sqft 1.93 AC lot
    30 mobile home lots plus 3 apartments
    1.93‑acre property at 5115 Jefferson Avenue, Newport News, VA 23605
    2,431 square feet of building area
    C2 zoning designation
    2 units recently added to vacant lots and undergoing renovation
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    Waterfront Duplex
    Waterfront Duplex

    716 31st Street, Newport News, VA 23607

    $240,000
    1,680 sqft

    Two-unit property with separately metered utilities, updated windows, and modern HVAC systems.

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    See what stands out in Newport News city

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    Two-Unit Duplex with Separate Entrances
    Two-Unit Duplex with Separate Entrances

    1121 35th St, Newport News, VA 23607

    $199,900
    1,518 sqft

    Two residential units feature modern kitchens, contemporary baths, and independent entrances.

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    Waterfront Commercial Land
    Waterfront Commercial Land

    14375 Old Courthouse Way, Newport News, VA 23608

    $59,600
    0.34 AC lot

    C1 Retail Commercial zoning includes retail sales, with additional business categories subject to possible conditional approval.

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    Updated Duplex with Separate Meters
    Updated Duplex with Separate Meters

    734 30th St St, Newport News, VA 23607

    $275,000
    1,500 sqft

    Two-bedroom units feature renovated kitchens, dedicated utility metering, and updated building systems.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Newport News Multifamily Investment Opportunity
    Newport News Multifamily Investment Opportunity

    10710 Jefferson Ave, Newport News, VA 23601

    Contact for pricing
    11,050 sqft 0.32 AC lot

    Seventeen-unit portfolio in Newport News, Virginia.

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    Side-by-Side Duplex
    Side-by-Side Duplex

    1038 28th Street, Newport News, VA 23607

    $194,900
    1,200 sqft

    Two residential units each offer two bedrooms and one full bathroom in a longstanding multifamily property.

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    Updated Duplex with Separate Utilities
    Updated Duplex with Separate Utilities

    732 30th St, Newport News, VA 23607

    $287,000

    Two-unit residential property with refreshed interiors, individual utility metering, and washer/dryer connections in each residence.

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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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    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 76 Potential Opportunities for your consideration. Besides 11 Active listings in Newport News, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Duplex with Updated Building Systems
    Duplex with Updated Building Systems

    4407 Victoria Boulevard, Hampton, VA 23669

    $699,999
    4,000 sqft

    Two matching residences offer first-floor primary suites, private patios, driveways, sheds, and spacious backyard areas.

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    Norfolk Multifamily Investment Opportunity
    Norfolk Multifamily Investment Opportunity

    9631 Salem St, Norfolk, VA 23503

    $2,556,000
    2.83 AC lot

    Eighteen-unit multifamily property in Norfolk, Virginia, on 2.83 acres.

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    Norfolk Multifamily Investment Opportunity
    Norfolk Multifamily Investment Opportunity

    1208 W Ocean View Ave, Norfolk, VA 23503

    Contact for pricing
    4,347 sqft 0.46 AC lot

    Thirteen-unit multifamily property in Norfolk, Virginia.

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    10-Unit Manufactured Home Community
    10-Unit Manufactured Home Community

    629 Celey St, Hampton, VA 23661

    Contact for pricing

    Well-maintained 10-unit manufactured home community with a front additional two-bedroom rental included.

    View details

    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

    $14,265,000
    Estimated value
    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

    $5,410,000
    Estimated value
    100 sqft 0.17 AC lot
    View details
    82 30th St
    APARTMENT HOUSE (5+ UNITS)

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

    $19,085,000
    Estimated value
    600 sqft 0.17 AC lot
    View details
    85 29th St
    APARTMENT HOUSE (5+ UNITS)

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

    $5,410,000
    Estimated value
    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

    $280,000
    Estimated value
    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

    $305,000
    Estimated value
    2,414 sqft 3.20 AC lot
    View details
    520 Logan Pl
    APARTMENT HOUSE (5+ UNITS)

    520 Logan Pl, Newport News, VA 23601-3338

    $57,000,000
    Estimated value
    100 sqft 0.34 AC lot
    View details
    410 Logan Pl
    APARTMENT HOUSE (5+ UNITS)

    410 Logan Pl, Newport News, VA 23601-3340

    $57,000,000
    Estimated value
    100 sqft 1.29 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 11 active listings on our real estate platform. These investment opportunities span a total of 20,897 square feet of properties for sale, with an estimated market value of $4,056,299.

    Sale prices for multifamily properties in Newport News, VA start at $59,600, averaging $507,037, 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

    Duplexes 6
    Apartment buildings 4
    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
    23608 $59.6K
    23607 $232.8K
    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Newport News city

    Office

    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
    • 23605
    • 23601
    • 23608

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