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    Suffolk, VA
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    Suffolk, VA Multifamily Properties for Sale

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    Suffolk Duplex Investment Opportunity
    Updated: Mar 25
    Suffolk Duplex Investment Opportunity

    216 Grace Street, Suffolk, VA 23434

    $295,000
    2,567 sqft
    Great investment opportunity in downtown Suffolk.
    Duplex with two spacious units, each with 2 bedrooms and 1 full bathroom.
    Ideal for investors or owner‑occupants (live in one unit, rent the other).
    Strong rental potential in a growing area.
    Convenient location near shopping, dining, and major roadways.
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    Apartment Community in Growing City
    Updated: Jan 27
    Apartment Community in Growing City

    1000 Meridian Obici Way, Suffolk, VA 23434

    Contact for pricing
    Premier Class A apartment community
    Located in Hampton Roads’ fastest growing city
    Located in Virginia’s 5th fastest growing city
    Built in 2016
    Apartment Community
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    Duplex with Renovations in Progress
    Duplex with Renovations in Progress

    220 N Lloyd Street, Suffolk, VA 23434

    $149,000
    2,000 sqft

    Duplex for sale with significant renovations underway.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 13 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, 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 Retail and Apartments
    Mixed-Use Retail and Apartments

    1300 Bainbridge Boulevard, Chesapeake, VA 23324

    $435,000
    4,000 sqft 0.12 AC lot

    Fully rented mixed-use property with two commercial spaces, three residential apartments, and five separate electricity meters.

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    Chesapeake Duplex Investment Opportunity
    Chesapeake Duplex Investment Opportunity

    1136 Jackson Avenue, Chesapeake, VA 23324

    $230,000
    2,345 sqft

    Duplex in South Norfolk with income potential near major interstates.

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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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    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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    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.

    Waterfront Land in Elizabeth City
    Waterfront Land in Elizabeth City

    Driftwood Drive lot: 0, Elizabeth City, NC 27909

    $550,000
    53.50 AC lot

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

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    Waterfront Canal-Front Land
    Waterfront Canal-Front Land

    Driftwood Drive lot: 770, Elizabeth City, NC 27909

    Contact for pricing
    0.28 AC lot

    Build-ready waterfront land with canal frontage and river views suited for boating and everyday water access.

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    Wooded Corner Lot in Glen Cove
    Wooded Corner Lot in Glen Cove

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

    Contact for pricing
    0.44 AC lot

    0.437-acre wooded corner lot in a friendly neighborhood.

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    10.88 Acre Wooded Building Lot
    10.88 Acre Wooded Building Lot

    10.88 AC Beech Creek Road, Gloucester, VA 23061

    $135,000
    10.88 AC lot

    10.88 acre wooded lot in Gloucester County, Virginia.

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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

    Value Estimation by Request
    2,417 sqft 0.18 AC lot
    View details
    3878 Pughsville Rd
    MOBILE HOME PARK, TRAILER PARK

    3878 Pughsville Rd, Suffolk, VA 23435-2407

    Value Estimation by Request
    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. These investment opportunities span a total of 4,567 square feet of properties for sale, with an estimated market value of $444,000.

    Sale prices for multifamily properties in Suffolk, VA start at $149,000, averaging $222,000, and reaching up to $295,000 — 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 2
    Apartment buildings 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 $222K

    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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