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Property profile

9611 3Rd View St Norfolk, VA 23503

OFF-MARKET
Apartment buildings
Property ID
US87-3362968
3,600 SF Built 1925
Individually Owned 1-yr Hold
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Property summary

AI-generated overview

This exceptional investment opportunity presents a charming two-story, four-unit apartment building situated in the desirable Ocean View neighborhood of Norfolk, Virginia. Built in 1925, this property boasts 3,600 square feet on an 11,006 square foot lot and is zoned C-2. The building currently enjoys 75% occupancy, with three units generating rental income. Unit A, a beautifully remodeled unit featuring new electric heat pumps, granite countertops, ceramic tile, stainless steel appliances, and original hardwood floors, is currently vacant and ready for immediate occupancy by an owner, tenant, or as a potential Airbnb rental. Unit B commands a monthly rent of $1250, while Unit C also rents for $1250 per month. Unit D, recently renovated, generates a monthly rental income of $1500. The property's address is 9611 3rd View St, Norfolk, VA 23503, and is offered at an asking price of $675,000. This is a fantastic opportunity to acquire a well-located multifamily property with strong rental potential in a vibrant coastal community. The property features simple ownership and presents a solid return on investment. The APN is 38301700.

Property profile

Verified
Property type Apartment buildings
Year built 1925
Total area 3,600 SF
UPID US87-3362968

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

9611 3Rd View St Norfolk, VA 23503
Norfolk metro
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Value estimations

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Owner & transaction history

since 2025
2 recorded transactions
2025
$670,000
2024
$405,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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