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    Suffolk, VA
    Multifamily

    Suffolk, VA Multifamily Properties for Sale

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    Corapeake, NC Gates, NC Windsor, VA Chesapeake, VA Carrsville, VA Portsmouth, VA Sunbury, NC Zuni, VA
    Two-Story Mixed-Use Retail Income
    Updated: Jul 11
    Two-Story Mixed-Use Retail Income

    200 E Washington St, Suffolk, VA 23434

    $1,290,000
    0.24 AC lot
    Mixed‑use property with retail space and 11 residential units across two two‑story buildings
    Unit mix: three 1BD/1BA, three 2BD/1BA, one 2BD/3BA, plus one retail space
    Buildings built in 1920 and renovated in 2005
    +/- 0.24 acres total lot size
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    Triplex With Conversion Potential
    Updated: Apr 30
    Triplex With Conversion Potential

    301 S Broad St, Suffolk, VA 23434

    $199,999
    Three rental units
    Potential to convert to a single‑family residence
    Located near food and shopping in Suffolk, VA
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    Apartment Community in Growing City
    Apartment Community in Growing City

    1000 Meridian Obici Way, Suffolk, VA 23434

    Contact for pricing

    Class A apartment community in Virginia's rapidly growing Suffolk.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 3 Active listings in Suffolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

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

    163 CHOATE Street, Portsmouth, VA 23707

    $194,900
    1,396 sqft

    Single-story layout includes four bedrooms and two bathrooms.

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    Duplex With Separate Living Spaces
    Duplex With Separate Living Spaces

    3823 Caroline Ave, Portsmouth, VA 23701

    $299,990
    1,900 sqft

    Two distinct residential areas support flexible occupancy and household arrangements.

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    Mixed-Use Building with Retail and Apartments
    Mixed-Use Building with Retail and Apartments

    1300 Bainbridge Boulevard, Chesapeake, VA 23324

    $435,000
    4,000 sqft 0.12 AC lot

    Mixed-use building zoned B2 with two commercial spaces, three residential apartments, and five electric meters.

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    Commercial Land with Rental Income
    Commercial Land with Rental Income

    2060 S Military Hwy, Chesapeake, VA

    Contact for pricing
    1.32 AC lot

    1.32 acres with rental income and redevelopment potential.

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    Off-Market Properties in Suffolk, VA

    Consider similar Off-Market properties in Suffolk, 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.

    3872 Pughsville Rd
    MOBILE HOME PARK, TRAILER PARK

    3872 Pughsville Rd, Suffolk, VA 23435-2407

    $465,000
    Estimated value
    2,417 sqft 0.18 AC lot
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    3878 Pughsville Rd
    MOBILE HOME PARK, TRAILER PARK

    3878 Pughsville Rd, Suffolk, VA 23435-2407

    $360,000
    Estimated value
    2,417 sqft 0.18 AC lot
    View details

    Suffolk, VA Multifamily Properties Market Trends and Statistics

    Explore 5 multifamily properties for sale in Suffolk, VA, showcased through 3 active listings on our real estate platform.

    Sale prices for multifamily properties in Suffolk, VA start at $199,999, averaging $744,999, and reaching up to $1,290,000 — 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

    Apartment buildings 2
    Triplexes 1

    Demographics Overview

    Population 96K
    Population Growth (5Y) +5.2%
    Median Household Income $90,027
    College Educated 44.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    23434 $1.3M

    Taxes & Financing

    Tax Rate (average for all types) 1.13%
    Property Tax per SF $27.23 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Suffolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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