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    Portsmouth, VA Multifamily Properties for Sale

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    4-Bedroom Duplex Corner Lot
    Updated: Jul 16
    4-Bedroom Duplex Corner Lot

    1503 Elm Avenue, Portsmouth, VA 23704

    $300,000
    3,390 sqft
    4‑bedroom duplex in Portsmouth with waterfront features
    Separate metering for all utilities for each unit
    Oversized corner lot with partial fencing
    Each unit offers spacious bedrooms and separate, unique layouts
    Year built 1900; shingle roof
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    This listing looks promising.

    Here's a quick look at some key insights for

    1503 Elm Avenue, Portsmouth, VA 23704

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    • Est. Cap Rate

      9.1%
      Above avg (5.9%)

    • Est. NOI

      $27K
      Annual

    • Price @ 7% Cap

      $388K
      Above asking

    • Property Type

      Single Family Residence
      Built 1900
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    Renovated Over-Under Duplex
    Updated: Jun 23
    Renovated Over-Under Duplex

    273 Elm Avenue, Portsmouth, VA 23704

    $434,000
    2,774 sqft
    Renovated over/under duplex in Portsmouth with tenants in both units
    Built in 1910; shingle roof
    Unit 1: 3 bedrooms, 1.5 bathrooms, LVP flooring, quartz kitchen counters and stainless appliances
    Unit 1 includes kitchen, dining area, living room, and extra storage space
    Unit 2: 3 bedrooms, 2 bathrooms, LVP flooring, primary bedroom with attached bathroom
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    Two-Unit Duplex with Covered Patio
    Two-Unit Duplex with Covered Patio

    1909 High Street, Portsmouth, VA 23704

    $350,000
    1,581 sqft

    Two-story duplex with vinyl/brick exterior and covered patio, offering a flexible two-unit or room-style layout.

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    4-Unit Multifamily with Covered Porch
    4-Unit Multifamily with Covered Porch

    444 Dinwiddie Street, Portsmouth, VA 23704

    $410,000
    3,700 sqft

    Four-unit multifamily with recent interior renovations and a large covered front porch.

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    Portsmouth Duplex with Two 2BR Units
    Portsmouth Duplex with Two 2BR Units

    114 Riverview Avenue, Portsmouth, VA 23704

    $320,000
    2,900 sqft

    Duplex for sale with two 2-bedroom, 1-bath units and covered porches plus a fenced backyard.

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    Turnkey Duplex with Separate Utilities
    Turnkey Duplex with Separate Utilities

    1802 Atlanta Avenue, Portsmouth, VA 23704

    $314,900
    2,400 sqft

    Duplex with two units, separate meters, and recent updates including flooring, kitchens, baths, and plumbing work.

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    Two-Unit Duplex With Separate Entrances
    Two-Unit Duplex With Separate Entrances

    238 Webster Avenue, Portsmouth, VA 23704

    $330,000
    2,260 sqft

    Duplex for sale with two separate units, each with 2 bedrooms and 1 full bath, plus updated interiors.

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    Duplex with Two Occupied Units
    Duplex with Two Occupied Units

    121 Broad Street, Portsmouth, VA 23707

    $320,000
    1,872 sqft

    Duplex for sale with both units occupied, ideal for buyers seeking an income-generating residential property in Portsmouth.

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    Fully Rehabbed Duplex Investment
    Fully Rehabbed Duplex Investment

    922 Holladay Street, Portsmouth, VA 23704

    $349,900
    3,030 sqft

    Duplex with updated roof, windows, HVAC, and remodeled units, including washer/dryer hookups.

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    Single-Story Side-by-Side Duplex
    Single-Story Side-by-Side Duplex

    163 CHOATE Street, Portsmouth, VA 23707

    $199,900
    1,396 sqft

    Single-story duplex with 4 bedrooms and 2 bathrooms total, arranged as two independently operating units.

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    Updated Triplex with Detached Garage
    Updated Triplex with Detached Garage

    1510 Parker Avenue, Portsmouth, VA 23704

    $495,000
    3,460 sqft

    Updated triplex offers three separate units with in-unit laundry and separate utility meters.

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    Remodeled Duplex with Vacant 3BR
    Remodeled Duplex with Vacant 3BR

    416 Maryland Avenue, Portsmouth, VA 23707

    $425,000
    2,450 sqft

    Two-unit duplex with recently remodeled interiors and a vacant 3-bedroom, two-bath unit ready for occupancy.

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    Duplex Income Property
    Duplex Income Property

    1525 Des Moines Avenue, Portsmouth, VA 23704

    $260,000
    1,476 sqft

    Two adjacent units; one is currently occupied and the property has an approximately three-year-old roof.

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

    827 Mt Vernon Avenue, Portsmouth, VA 23707

    $330,000
    2,336 sqft

    Side-by-side duplex with two 3-bedroom, 1-bath units, recent updates, central air and heating, and tenant-paid utilities.

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    Over-Under Duplex with Two Vacant Units
    Over-Under Duplex with Two Vacant Units

    200 Armstrong Street, Portsmouth, VA 23704

    $239,000
    2,398 sqft

    Over-under duplex on a corner lot with two vacant units, offering 3 bed/1 bath and 2 bed/1 bath layouts.

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    Portsmouth Duplex Investment
    Portsmouth Duplex Investment

    2200 Pearl Street, Portsmouth, VA 23704

    $150,000
    1,420 sqft

    Duplex in Portsmouth with an oversized lot and yard, sold as-is where-is.

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    3BR 2BA Duplex Residence
    3BR 2BA Duplex Residence

    370 Carver Circle, Portsmouth, VA 23701

    $275,000
    2,070 sqft

    Occupied duplex offers two 3-bedroom, 2-bath units with washer/dryer hookups and a spacious yard.

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    Duplex Residential Income Property
    Duplex Residential Income Property

    88 Paul Jones Street, Portsmouth, VA 23702

    $270,000
    2,200 sqft

    For sale duplex totaling 2,200 square feet, zoned UR, located at 88 Paul Jones Street in Portsmouth.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Portsmouth, VA, we suggest to view alternatives - similar 54 Off-Market properties to explore as potential leads.

    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)

    327 Washington St, Portsmouth, VA 23704-2434

    $1,190,000
    Estimated value
    11,973 sqft 0.12 AC lot
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    359 Middle St
    APARTMENT HOUSE (5+ UNITS)

    359 Middle St, Portsmouth, VA 23704-2821

    $825,000
    Estimated value
    11,958 sqft 0.12 AC lot
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    320 Dinwiddie St
    APARTMENT HOUSE (5+ UNITS)

    320 Dinwiddie St, Portsmouth, VA 23704-2532

    $975,000
    Estimated value
    8,484 sqft 0.08 AC lot
    View details
    412 Nn St
    APARTMENT HOUSE (5+ UNITS)

    412 Nn St, Portsmouth, VA 23704-2535

    Value Estimation by Request
    6,849 sqft 0.08 AC lot
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    119 Dahlgren Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    119 Dahlgren Ave, Portsmouth, VA 23702-2936

    Value Estimation by Request
    4,320 sqft 0.24 AC lot
    View details
    424 London St
    APARTMENT HOUSE (UNDER 5 UNITS)

    424 London St, Portsmouth, VA 23704-2549

    Value Estimation by Request
    2,464 sqft 0.06 AC lot
    View details

    Portsmouth, VA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Portsmouth, VA, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 28,529 square feet of properties for sale, with an estimated market value of $4,144,800.

    Sale prices for multifamily properties in Portsmouth, VA start at $199,900, averaging $345,400, and reaching up to $495,000 — 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 16
    Short term rental properties 2
    Quadplexes 1
    Triplexes 1

    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
    23704 $367.5K
    23707 $372.5K

    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)

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Portsmouth, VA

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    • 23707
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