Entity Owned Property summary
This exceptional 8-unit apartment building presents a compelling investment opportunity in Portsmouth, Virginia. Located at 556 Broad Street, this Class B property boasts 6,168 square feet on an 11,194 square foot lot. Built in 1973, the building offers a strong net operating income (NOI) of $59,266, translating to a 7.23% cap rate. The asking price is $820,000, or $102,500 per unit. The property benefits from its prime location, providing easy access to major highways like I-264, the… Midtown Tunnel, downtown Portsmouth, and significant local amenities including the Naval Hospital and Coast Guard Base. This strategic location contributes to a high occupancy rate and consistent rental income. The well-maintained units have undergone recent updates, ensuring tenant satisfaction and minimizing turnover. This translates to a strong rental history and significant potential for long-term value appreciation. The property's simple ownership structure further enhances its appeal to discerning investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a well-positioned multifamily asset in a thriving market with strong potential for future growth. The property features a mix of spacious and updated units, appealing to a diverse tenant base. This is a turnkey investment ready for immediate income generation.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 12 properties nearbyComparable nearby
Similar in This City for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 6,168 SF
- Lot area
- 0.26 ac
- Year built
- 1973
- Stories
- 2
- APN
- 0148-0470
- Zoning
- HR
- Assessed value · 2023
- $627,030
- Annual tax · 2023
- $8,368
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The HR sub district is intended for residential uses, but also allows some public and institutional uses.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
The PDF can’t be displayed here
Use Download PDF or Open in new tab above to view the sample report.
