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    Portsmouth, VA Multifamily Properties for Sale

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    Chesapeake, VA Norfolk, VA Suffolk, VA
    6 results
    Updated Triplex in Portsmouth, VA
    $499,000
    3,460 SF

    Updated Triplex in Portsmouth, VA

    1510 Parker Avenue, Portsmouth, VA 23704

    Updated triplex with strong income potential in Portsmouth, Virginia.

    • Triplex configuration offers significant rental income potential or flexible living arrangements.
    • Each unit features desirable amenities: granite countertops, stainless steel appliances, and in‑unit laundry.
    • Separate utility meters for each unit simplify property management.
    • Includes a spacious 3‑bedroom, 2‑bath single‑family home.
    • Detached garage provides additional storage or parking.
    Updated: Apr 2
    View details
    Turnkey Income-Producing Duplex
    $324,998
    2,400 SF

    Turnkey Income-Producing Duplex

    1802 Atlanta Avenue, Portsmouth, VA 23704

    Fully leased duplex with strong cash flow and updated features.

    • Turnkey, income‑producing duplex with strong cash flow.
    • Fully leased, generating $3,200/month in rental income.
    • Updated with newer flooring, modern kitchens, baths, and lighting (2023‑2025).
    • Separate water, gas, and electric meters for each unit.
    • First‑floor unit: 3 beds/2 baths; Second‑floor unit: 2 beds + bonus room/1 bath.
    Updated: Mar 18
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    Remodeled Duplex Near the Bay
    $425,000
    2,450 SF

    Remodeled Duplex Near the Bay

    Recently remodeled duplex with income potential near the bay.

    416 Maryland Avenue, Portsmouth, VA 23707
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    Portsmouth Duplex with Renovation Potential
    $120,000
    1,800 SF

    Portsmouth Duplex with Renovation Potential

    1930s duplex in Portsmouth, ready for transformation and renovation.

    1925 Elm Avenue, Portsmouth, VA 23704
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    Portsmouth Duplex with Income Potential
    $210,000
    1,590 SF

    Portsmouth Duplex with Income Potential

    Occupant-ready duplex in Portsmouth, offering an appealing capitalization rate.

    163 Choate Street, Portsmouth, VA 23707
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    Portsmouth Duplex on Oversized Lot
    $189,999
    1,420 SF

    Portsmouth Duplex on Oversized Lot

    Duplex in Portsmouth with potential for expansion.

    2200 Pearl Street, Portsmouth, VA 23704
    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Portsmouth, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 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.

    Mixed-Use Building with Rental Units
    $435,000
    4,000 SF

    Mixed-Use Building with Rental Units

    Fully rented mixed-use property with two retail spaces and three apartments, supported by five electric meters.

    1300 Bainbridge Boulevard, Chesapeake, VA 23324
    View details
    Chesapeake Duplex Investment Opportunity
    $239,900
    2,345 SF

    Chesapeake Duplex Investment Opportunity

    Duplex in South Norfolk with income potential near major interstates.

    1136 Jackson Avenue, Chesapeake, VA 23324
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    Brick Apartment Building Value-Add Opportunity
    $925,000
    9,536 SF

    Brick Apartment Building Value-Add Opportunity

    12-unit brick apartment building with value-add potential in Norfolk.

    516-522 Dinwiddie St, Norfolk, VA 23523
    View details
    Mixed-Use Development in Downtown Norfolk
    Contact for pricing
    50,000 SF

    Mixed-Use Development in Downtown Norfolk

    Vibrant mixed-use property with retail, apartments, and parking.

    440 Monticello Ave, Norfolk, VA 23510
    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.

    Hertford, NC One-Acre Parcel
    $54,900
    1.00 Acre

    Hertford, NC One-Acre Parcel

    One-acre parcel in Hertford, NC, ready for your dream home.

    229 Little River Shores Road lot: 6, Hertford, NC 27944
    View details
    Waterfront Land in Elizabeth City
    $550,000
    53.50 Acres

    Waterfront Land in Elizabeth City

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

    Driftwood Drive lot: 0, Elizabeth City, NC 27909
    View details
    Waterfront Land in Elizabeth City
    Contact for pricing
    0.28 Acres

    Waterfront Land in Elizabeth City

    0.28-acre waterfront lot with canal frontage and river views.

    Driftwood Drive lot: 770, Elizabeth City, NC 27909
    View details
    Wooded Corner Lot in Glen Cove
    Contact for pricing
    0.44 Acres

    Wooded Corner Lot in Glen Cove

    0.437-acre wooded corner lot in a friendly neighborhood.

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

    Off-Market Properties in Portsmouth, VA

    Consider similar Off-Market properties in Portsmouth, 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.

    327 Washington St
    APARTMENT HOUSE (5+ UNITS)
    11,973 SF Lot: 0.12 Acres
    Estimated value
    $1,190,000

    327 Washington St, Portsmouth, VA 23704-2434

    View details
    359 Middle St
    APARTMENT HOUSE (5+ UNITS)
    11,958 SF Lot: 0.12 Acres
    Estimated value
    $825,000

    359 Middle St, Portsmouth, VA 23704-2821

    View details
    320 Dinwiddie St
    APARTMENT HOUSE (5+ UNITS)
    8,484 SF Lot: 0.08 Acres
    Estimated value
    $975,000

    320 Dinwiddie St, Portsmouth, VA 23704-2532

    View details
    412 Nn St
    APARTMENT HOUSE (5+ UNITS)
    6,849 SF Lot: 0.08 Acres
    Value Estimation by Request

    412 Nn St, Portsmouth, VA 23704-2535

    View details
    119 Dahlgren Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,320 SF Lot: 0.24 Acres
    Value Estimation by Request

    119 Dahlgren Ave, Portsmouth, VA 23702-2936

    View details
    424 London St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,464 SF Lot: 0.06 Acres
    Value Estimation by Request

    424 London St, Portsmouth, VA 23704-2549

    View details
    124 Chautauqua Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,165 SF Lot: 0.19 Acres
    Value Estimation by Request

    124 Chautauqua Ave, Portsmouth, VA 23707-1533

    View details
    259 Broad St
    APARTMENT HOUSE (5+ UNITS)
    8,160 SF Lot: 0.21 Acres
    Estimated value
    $775,000

    259 Broad St, Portsmouth, VA 23707-1644

    View details
    3 Emmons Pl
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,988 SF Lot: 0.20 Acres
    Value Estimation by Request

    3 Emmons Pl, Portsmouth, VA 23702-2209

    View details
    10 Emmons Pl
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,370 SF Lot: 0.21 Acres
    Value Estimation by Request

    10 Emmons Pl, Portsmouth, VA 23702-2210

    View details
    241 Choate St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,781 SF Lot: 0.30 Acres
    Value Estimation by Request

    241 Choate St, Portsmouth, VA 23707-4570

    View details
    49 Shelby St
    APARTMENT HOUSE (UNDER 5 UNITS)
    2,769 SF Lot: 0.44 Acres
    Value Estimation by Request

    49 Shelby St, Portsmouth, VA 23701-3031

    View details
    1420 Elm Ave
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,580 SF Lot: 0.12 Acres
    Value Estimation by Request

    1420 Elm Ave, Portsmouth, VA 23704-4549

    View details
    101 Beacon Rd
    APARTMENT HOUSE (UNDER 5 UNITS)
    4,050 SF Lot: 0.42 Acres
    Estimated value
    $530,000

    101 Beacon Rd, Portsmouth, VA 23702-1211

    View details
    332 Mt Vernon Ave
    APARTMENT HOUSE (5+ UNITS)
    7,704 SF Lot: 0.16 Acres
    Estimated value
    $925,000

    332 Mt Vernon Ave, Portsmouth, VA 23707-1643

    View details
    721 Dinwiddie St
    APARTMENT HOUSE (UNDER 5 UNITS)
    3,135 SF Lot: 0.06 Acres
    Value Estimation by Request

    721 Dinwiddie St, Portsmouth, VA 23704-3648

    View details
    309 Nn St
    APARTMENT HOUSE (5+ UNITS)
    9,354 SF Lot: 0.09 Acres
    Value Estimation by Request

    309 Nn St, Portsmouth, VA 23704-2617

    View details
    105 Afton Pkwy
    APARTMENT HOUSE (5+ UNITS)
    4,571 SF Lot: 0.19 Acres
    Value Estimation by Request

    105 Afton Pkwy, Portsmouth, VA 23702-2973

    View details

    Portsmouth, VA Multifamily Properties Investment Opportunities Market Analysis

    Explore 72 multifamily properties for sale in Portsmouth, VA, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 17,120 square feet of properties for sale, with an estimated market value of $2,068,997.

    Sale prices for multifamily properties in Portsmouth, VA start at $120,000, averaging $295,571, and reaching up to $499,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
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    Top Commercial Asset Segments

    Duplexes 5
    Triplexes 1

    Property Size Breakdown

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

    Demographics Overview

    Population 97K
    Population Growth (5Y) -6.7%
    Median Household Income $59,342
    College Educated 29.1%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    23704 $283.5K
    23702 $285K
    23707 $317.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $16.32 per sq ft
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

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