Virginia Beach, VA Multifamily Properties for Sale

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Updated: Aug 21

Renovated Duplex with Ensuite Baths

1103 Cypress Avenue, Virginia Beach, VA 23451

$989,000

2,550 sqft

Two residences totaling 4 bedrooms and 5 baths
2,550 square feet across the duplex
Comprehensive renovations completed in 2022
Each side offers 2 bedrooms and 2.5 baths with ensuite bedroom access
Waterfront property in Virginia Beach’s Oceanfront area

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Updated: Aug 28

Waterfront Duplex

826 13th Street, Virginia Beach, VA 23451

$600,000

1,568 sqft

Waterfront duplex on a 7,056‑square‑foot lot
Two 2BR/1BA units within 1,568 square feet
Both units currently rented with leases ending 5/31/27 and 8/31/27
R5D zoning
Built in 1979 with a shingle roof

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Connected Duplex with Rooftop Terrace

207 89th Street, Virginia Beach, VA 23451

$1,150,000

2,419 sqft

Two residences provide separate entrances, interior connectivity, and private outdoor spaces.

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Renovated Two-Unit Duplex

1103 Cypress Ave, Virginia Beach, VA 23451

$989,000

2,550 sqft

Two updated residences feature private ensuite baths, open living areas, and fenced outdoor space.

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Three-Unit Triplex Near the Beach

316 16th Street, Virginia Beach, VA 23451

$1,140,000

2,946 sqft

Three residential units combine a three-bedroom home, a two-bedroom upper unit, and a one-bedroom apartment.

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Waterfront Side-by-Side Duplex

1844 S Streamline Drive, Virginia Beach, VA 23454

$339,000

1,604 sqft

Two leased units include private outdoor areas and separate utility metering.

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Virginia Beach Quadruplex Investment Opportunity

315 Roselynn Lane, Virginia Beach, VA 23454

$1,200,000

4,920 sqft

Rare side-by-side quadruplex near Oceana Naval Air Station.

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Multifamily Townhome Portfolio

2007 Baltic Ave, Virginia Beach, VA 23451

$9,950,000

29,590 sqft

Fee-simple ownership across a residential portfolio near the beach and boardwalk.

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Waterfront RV Trailer

3665 Sandpiper Road, Virginia Beach, VA 23456

$200,000

One-bedroom recreational vehicle with a deck and awning in a coastal waterfront park.

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Renovated Short-Term Rental Property

3665 Sandpiper Road, Virginia Beach, VA 23456

$325,000

Coastal rental property with a covered deck, private dock, and access to shared recreational amenities.

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Connected Duplex With Rooftop Terrace

207 89th St, Virginia Beach, VA 23451

$1,150,000

2,419 sqft

Two linked residences offer separate entrances, interior connectivity, updated kitchens, and multiple private outdoor areas near the beach.

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Waterfront RV Lot with Hookups

3665 Sandpiper Road, Virginia Beach, VA 23456

$185,000

Water, sewer, and power hookups serve the RV site beside Back Bay.

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Waterfront RV Lot

3665 Sandpiper Road, Virginia Beach, VA 23456

$264,900

Two-bedroom mobile home with a new roof and air-conditioning unit in a gated coastal resort community.

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Multifamily Property with Driveway Parking

6604 Atlantic Ave, Virginia Beach, VA 23451

$850,000

1,450 sqft

Rear storage space and off-street parking support the property's residential configuration.

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12-Unit Short-Term Rental Portfolio

2007 Baltic Avenue, Virginia Beach, VA 23451

$9,950,000

29,590 sqft 0.45 AC lot

Fee-simple townhomes within Virginia Beach’s short-term rental overlay district.

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Interior RV Lot with Water Views

3665 Sandpiper Road, Virginia Beach, VA 23456

$195,000

Large RV lot with water views and resort-style amenities.

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Occupied Duplex with Separate Yards

1844 S Streamline Dr, Virginia Beach, VA 23454

$339,000

1,604 sqft

Two occupied units convey with their leases, individual metering, separate yards, and dedicated driveway space.

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Furnished Duplex Near Beach

4401 Ocean View Ave, Virginia Beach, VA 23455

$1,800,000

3,536 sqft

Updated kitchens and bathrooms support furnished short-term rental operations near beach access and local restaurants.

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Residential Duplex

1482 Old Virginia Beach Road B, Virginia Beach, VA 23454

$384,900

1,664 sqft

Two-unit property near military facilities, shopping, dining, entertainment, and the Virginia Beach oceanfront.

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Multi-Family

121 55th St, Virginia Beach, VA 23451

$1,280,000

2,016 sqft

Residential land & home lots · 2,016 SF

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One-Bedroom RV Trailer with Deck

3665 Sandpiper Rd #202, Virginia Beach, VA 23456

$200,000

Deck and awning create additional outdoor space in a waterfront RV park.

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North Bay Shore Campground

3257 Colechester Rd, Virginia Beach, VA 23456

$4,800,000

Virginia Beach campground for sale at $40,000 per unit.

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Upgraded Two-Bedroom RV

3665 Sandpiper Rd Unit 247, Virginia Beach, VA 23456

$215,000

Seasonal-use RV with a deck, multiple system upgrades, and extensive gated-community recreation amenities.

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Short-Term Rental Park Model RV

3665 Sandpiper Rd Unit 198, Virginia Beach, VA 23454

$230,000

One-bedroom park model RV with a covered outdoor deck in an amenity-rich coastal resort community.

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Virginia Beach, VA Multifamily Properties Market Trends and Statistics

Explore 72 multifamily properties for sale in Virginia Beach, VA, showcased through 32 active listings on our real estate platform. These investment opportunities span a total of 90,426 square feet of properties for sale, with an estimated market value of $40,790,600.

Sale prices for multifamily properties in Virginia Beach, VA start at $185,000, averaging $1,274,706, and reaching up to $9,950,000 — 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 457K

Population Growth (5Y) +8.7%

Median Household Income $92,332

College Educated 30.2%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
23454	$498.6K
23456	$537.7K
23455	$1.8M
23451	$2.6M

Taxes & Financing

Tax Rate (average for all types) 0.98%

Property Tax per SF $10.26 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Virginia Beach city

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

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

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Virginia Beach, VA Multifamily Properties for Sale

1103 Cypress Avenue, Virginia Beach, VA 23451

826 13th Street, Virginia Beach, VA 23451

207 89th Street, Virginia Beach, VA 23451

1103 Cypress Ave, Virginia Beach, VA 23451

316 16th Street, Virginia Beach, VA 23451

1844 S Streamline Drive, Virginia Beach, VA 23454

315 Roselynn Lane, Virginia Beach, VA 23454

2007 Baltic Ave, Virginia Beach, VA 23451

3665 Sandpiper Road, Virginia Beach, VA 23456

3665 Sandpiper Road, Virginia Beach, VA 23456