Portsmouth, VA Multifamily Properties for Sale

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Chesapeake, VA Suffolk, VA Norfolk, VA Virginia Beach, VA Newport News, VA Carrollton, VA

33 properties

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Updated: Aug 26

Duplex With New Roof

420 Mt Vernon Avenue, Portsmouth, VA 23707

$160,000

500 sqft

Duplex with two units, each offering 3–4 bedrooms and 2 full bathrooms
New shingle roof reported
Interior and siding rehabilitation required
Separate upstairs and downstairs living areas with rear exits
HR zoning and waterfront features

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Updated: Sep 3

Brick Triplex with Screened Porch

3824 Turnpike Road, Portsmouth, VA 23701

$300,000

2,171 sqft

Three‑unit property totaling 2171 square feet
Unit A is vacant; Units B and C are occupied and producing income
Approximately half an acre with mature trees and outdoor space
Screened porch and shared laundry area between Units A and C
Brick Cape Cod built in 1950 with a shingle roof

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Waterfront Duplex

3207 Scott Street, Portsmouth, VA 23707

$275,000

1,650 sqft

Two-unit property with recent roof, HVAC, bathroom, paint, kitchen, and electrical improvements.

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Updated Duplex with Rental Flexibility

1802 Atlanta Ave, Portsmouth, VA 23704

$314,900

2,400 sqft

Two-level duplex with refreshed interiors, separate utilities, porches, and off-street parking.

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Waterfront Duplex with Solar Panels

804 City Park Avenue, Portsmouth, VA 23701

$325,000

1,878 sqft

One unit is leased through June 2027, while the second unit is currently available for occupancy.

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Renovated Over-Under Duplex

273 Elm Avenue, Portsmouth, VA 23704

$425,000

2,774 sqft

Two separately configured residences offer updated finishes, kitchens, and flexible living areas in a waterfront Portsmouth property.

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Updated Duplex with Fenced Lot

1022 Duke Street, Portsmouth, VA 23704

$357,900

1,507 sqft

Two residential units offer refreshed interiors, central A/C, heat pumps, and a private enclosed lot.

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Two-Story Duplex with Patio

1909 High St, Portsmouth, VA 23704

$329,999

1,581 sqft

Stacked units feature updated flooring, ductless mini-splits, and a fenced backyard.

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Waterfront Duplex

1503 Elm Avenue, Portsmouth, VA 23704

$300,000

3,390 sqft

The over-under layout includes separate metering for all utilities.

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Waterfront Duplex

1909 High Street, Portsmouth, VA 23704

$329,999

1,581 sqft

Stacked units offer updated interiors, flexible room configurations, and separate residential living areas.

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Corner-Lot Duplex

1503 Elm Ave, Portsmouth, VA 23704

$300,000

3,390 sqft

Two units offer spacious bedrooms, contemporary paint and flooring, separate utility metering, and distinct layouts.

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Updated Duplex with Separate Meters

1802 Atlanta Avenue, Portsmouth, VA 23704

$314,900

2,400 sqft

Two-level income property with renovated kitchens, baths, flooring, lighting, and plumbing improvements.

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Waterfront Duplex

3823 Caroline Avenue, Portsmouth, VA 23701

$299,990

1,900 sqft

Two separate living areas provide flexibility for rental use, owner occupancy, or multigenerational living.

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Rehabilitated Duplex with Two Units

922 Holladay St, Portsmouth, VA 23704

$349,900

3,030 sqft

Two remodeled residences offer separate layouts and laundry hookups in historic Portsmouth near schools, shopping, restaurants, and interstate access.

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Side-by-Side Duplex

163 CHOATE Street, Portsmouth, VA 23707

$194,900

1,396 sqft

Single-story design gives each residence its own entrance and private living space.

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Updated Triplex with Detached Garage

1510 Parker Avenue, Portsmouth, VA 23704

$495,000

3,460 sqft

Three-unit property offers varied layouts, individual laundry, and separate utility meters.

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Updated Side-by-Side Duplex

827 Mt Vernon Ave, Portsmouth, VA 23707

$330,000

2,336 sqft

Two residential units offer three-bedroom layouts, central HVAC, and separately paid utilities.

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Renovated Over-Under Duplex

922 Holladay Street, Portsmouth, VA 23704

$349,900

3,030 sqft

Two vacant units offer updated interiors, separate bedroom layouts, and washer/dryer hookups.

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Side-by-Side Duplex

163 Choate St, Portsmouth, VA 23707

$194,900

1,396 sqft

Single-story duplex with separate entrances and private spaces for two independently operated residential units.

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Waterfront Duplex

121 Broad Street, Portsmouth, VA 23707

$320,000

1,872 sqft

Two-unit residential property with both residences currently occupied and an appointment required for access.

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Occupied Duplex Near Water

121 Broad St, Portsmouth, VA 23707

$320,000

1,872 sqft

Two occupied units offer an existing income-producing configuration near waterfront recreation.

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Side-by-Side Duplex

827 Mt Vernon Avenue, Portsmouth, VA 23707

$330,000

2,336 sqft

Updated two-unit property with separate utilities and central air conditioning and heating.

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Updated Duplex with Porches

114 Riverview Ave, Portsmouth, VA 23704

$320,000

2,900 sqft 4.50 AC lot

Two residential units provide flexible rental or owner-occupant use with refreshed interiors and outdoor space.

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Recently Remodeled Duplex

416 Maryland Avenue, Portsmouth, VA 23707

$425,000

2,450 sqft

Over/under configuration includes one vacant three-bedroom, two-bath residence and a second unit that is currently occupied.

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Portsmouth, VA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Portsmouth, VA, showcased through 33 active listings on our real estate platform. These investment opportunities span a total of 66,788 square feet of properties for sale, with an estimated market value of $10,154,178.

Sale prices for multifamily properties in Portsmouth, VA start at $150,000, averaging $317,318, and reaching up to $625,000 — 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

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 average listing prices of real estate assets

Neighborhood	Average Price
23707	$282.5K
23701	$305K
23704	$340K

Taxes & Financing

Tax Rate (average for all types) 1.27%

Property Tax per SF $16.32 per SF

Tax Rate vs County Average 0.09 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Portsmouth city

New Delisted

Total CRE Inventory on Market (SF)

Average Property Price per SF

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

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Property Size Breakdown

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

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