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    Portsmouth, VA Multifamily Properties for Sale

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    4-Unit Quadplex
    Updated: Sep 18
    4-Unit Quadplex

    1520 Prentis Ave, Portsmouth, VA 23704

    $850,000
    5,324 sqft
    Four apartments totaling 5,324 square feet
    12 bedrooms, four full baths and two half baths
    Separate electric and water meters for each residence
    Stackable front‑loading washer‑dryers in all units
    Unit 2 has updated kitchen finishes, appliances, flooring and bathroom fixtures
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    Over-Under Duplex
    Updated: Oct 7
    Over-Under Duplex

    1725 Prentis Avenue, Portsmouth, VA 23704

    $260,000
    3,280 sqft
    Two units, each with 3 bedrooms and 2 bathrooms
    3,280 square feet total; upper unit is approximately 1,640 square feet
    1920 construction with a shingle roof
    Front porches, updated flooring and bathrooms, and tall ceilings
    Laundry hookups and street parking
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    Renovated 4-Unit Quadplex
    Renovated 4-Unit Quadplex

    1601 Elm Avenue, Portsmouth, VA 23704

    $599,999
    3,800 sqft

    All four residences are occupied, with tenants responsible for their utility costs.

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    Renovated Two-Unit Duplex
    Renovated Two-Unit Duplex

    3904 Marsha St, Portsmouth, VA 23703

    $349,900
    3,335 sqft

    Two residences have distinct bedroom and bathroom layouts, with one unit ready for immediate occupancy.

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    Triplex with Detached Garage
    Triplex with Detached Garage

    1510 Parker Avenue, Portsmouth, VA 23704

    $459,000
    3,460 sqft

    Three residences have separate utility meters, and the property includes a garage apart from the main dwelling.

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    Two-Unit Duplex
    Two-Unit Duplex

    1622 Prentis Avenue, Portsmouth, VA 23704

    $250,000
    2,000 sqft

    One residence is vacant and needs turnover work and updates before it is ready for a new tenant.

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

    3904 Marsha Street, Portsmouth, VA 23703

    $349,900
    3,335 sqft

    One residence is available for immediate occupancy, while the second is occupied.

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    Brick Triplex with Screened Porch
    Brick Triplex with Screened Porch

    3824 Turnpike Rd, Portsmouth, VA 23701

    $300,000
    2,171 sqft 0.50 AC lot

    Three-unit brick property with separate entrances, shared laundry, storage, and substantial outdoor space.

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    3-Unit Brick Triplex
    3-Unit Brick Triplex

    3824 Turnpike Road, Portsmouth, VA 23701

    $300,000
    2,171 sqft

    The largest residence is vacant, while the other two units are occupied; shared laundry and a screened porch connect two units.

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    Duplex with Fenced Backyard
    Duplex with Fenced Backyard

    1909 High Street, Portsmouth, VA 23704

    $329,999
    1,581 sqft

    The two-story property has stacked units, updated climate systems, and a fenced outdoor area.

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

    3704 Mariner Ave, Portsmouth, VA 23703

    $335,000
    2,000 sqft

    Two-bedroom units with updated kitchens, bathrooms, flooring, fixtures, and stainless steel appliances.

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    Over-Under Duplex
    Over-Under Duplex

    273 Elm Avenue, Portsmouth, VA 23704

    $425,000
    2,774 sqft

    Both residences are tenant-occupied and include separate kitchens, dining areas, and living rooms.

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    Updated Duplex
    Updated Duplex

    3207 Scott Street, Portsmouth, VA 23707

    $275,000
    1,650 sqft

    Both residences are occupied, and improvements include work to the kitchen, bathrooms, HVAC, roof, and electrical panels.

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    Over-Under Duplex
    Over-Under Duplex

    1725 Prentis Ave, Portsmouth, VA 23704

    $260,000
    3,280 sqft

    Two separate residences each offer three bedrooms, two bathrooms, laundry hookups, and a front porch.

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    Over-Under Duplex
    Over-Under Duplex

    1503 Elm Avenue, Portsmouth, VA 23704

    $280,000
    3,390 sqft

    URH-zoned property offers separate utility metering for each unit.

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    Remodeled Duplex
    Remodeled Duplex

    416 Maryland Avenue, Portsmouth, VA 23707

    $425,000
    2,450 sqft

    Two distinct residences provide a combination of tenant occupancy and a vacant three-bedroom home.

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    Updated Duplex with Rental Flexibility
    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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    Over-Under Duplex
    Over-Under Duplex

    121 Broad Street, Portsmouth, VA 23707

    $320,000
    1,872 sqft

    Both residential units are occupied, and the property is zoned HR.

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    Two-Story Duplex with Patio
    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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    Duplex with Laundry Hookups
    Duplex with Laundry Hookups

    370 Carver Circle, Portsmouth, VA 23701

    $275,000
    2,070 sqft

    The occupied residence offers a three-bedroom, two-bath layout and washer and dryer connections.

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    Rehabilitated Quadplex
    Rehabilitated Quadplex

    1601 Elm Ave, Portsmouth, VA 23704

    $599,999
    3,800 sqft

    Fully leased four-unit property with tenant-paid utilities and updated interior finishes.

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    Duplex With New Roof
    Duplex With New Roof

    420 Mt Vernon Ave, Portsmouth, VA 23707

    $107,500
    500 sqft

    Two-level duplex with separate living areas, rear exits, and a rehabilitation scope for interior and siding work.

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    Corner-Lot Duplex
    Corner-Lot Duplex

    1503 Elm Ave, Portsmouth, VA 23704

    $280,000
    3,390 sqft

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

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    Rehabilitated Duplex with Two Units
    Rehabilitated Duplex with Two Units

    922 Holladay St, Portsmouth, VA 23704

    $345,000
    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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    Portsmouth, VA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Portsmouth, VA, showcased through 34 active listings on our real estate platform. These investment opportunities span a total of 79,038 square feet of properties for sale, with an estimated market value of $11,520,096.

    Sale prices for multifamily properties in Portsmouth, VA start at $107,500, averaging $338,826, and reaching up to $850,000 — 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 31
    Quadplexes 3
    Triplexes 3
    Apartment buildings 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
    23701 $262.2K
    23702 $270K
    23707 $289.2K
    23703 $345K
    23704 $406.6K

    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.

    How Realmo verifies these figures

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    Popular Searches in Portsmouth, VA

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    Most Searched ZIP Codes in Portsmouth, VA

    • 23704
    • 23707
    • 23701
    • 23703
    • 23702

    Featured Portsmouth Real Estate Agencies

    Realmo connects you with licensed Portsmouth CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    BPRE
    739 High Street, Suite 104 Portsmouth, VA 23707
    Phone: 17575532536
    www.bpreal.estate
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