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    Norfolk, VA
    Quadplex

    Norfolk, VA Quadplexes for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA
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    Updated Waterfront Quadplex
    Updated: Aug 21
    Updated Waterfront Quadplex

    742 Shirley Avenue, Norfolk, VA 23517

    $675,000
    4,190 sqft
    Four‑unit quadplex with 4,190 square feet, built in 1938
    Units 1, 3, and 4 are currently rented
    Units 2 and 3 feature updated interiors
    New Pella windows installed throughout every unit
    Shingle roof replaced in 2015; all water heaters date to 2018
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    This listing looks promising.

    Here's a quick look at some key insights for

    742 Shirley Avenue, Norfolk, VA 23517

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    • Est. Cap Rate

      8.1%
      Above avg (5.9%)

    • Est. NOI

      $55K
      Annual

    • Mortgage

      $428K
      Mar 2022

    • Last Sold

      Mar 2022
      $570K

    • Property Type

      Quadplex
      Built 1938
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    Four-Unit Waterfront Quadplex
    Updated: Aug 19
    Four-Unit Waterfront Quadplex

    1874 Kingston Avenue, Norfolk, VA 23503

    $549,900
    4,400 sqft
    Four‑unit quadplex with 4,400 square feet
    Each apartment includes 2 bedrooms and 1 bathroom
    Four matching floor plans throughout the building
    Remodeled kitchens in all units
    Waterfront property in Norfolk
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    Waterfront Quadplex Package
    Waterfront Quadplex Package

    840 W Ocean View Avenue, Norfolk, VA 23503

    $1,850,000
    4,020 sqft

    Six-unit waterfront property combining a duplex and fourplex with direct beach access.

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    Quadplex with In-Unit Laundry
    Quadplex with In-Unit Laundry

    840 W Ocean View Ave, Norfolk, VA 23503

    $1,850,000
    4,020 sqft

    Four-unit rental property near Chesapeake Bay, beaches, shopping, dining, and major military installations.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Four-Unit Apartment Building
    Four-Unit Apartment Building

    143 W Balview Avenue, Norfolk, VA 23503

    $650,000
    2,600 sqft

    Four 1BR/1BA units with separate gas and electric meters, plus shared water and on-site laundry.

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    Updated Waterfront Quadplex
    Updated Waterfront Quadplex

    410 W 28th Street, Norfolk, VA 23508

    $750,000
    3,700 sqft

    Four individually metered residences with recent updates and R-11 zoning.

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    Bayfront Duplex Package
    Bayfront Duplex Package

    842 W Ocean View (A-B) Avenue, Norfolk, VA 23503

    $1,850,000
    3,332 sqft

    Two adjoining residential income properties combine waterfront access with six total units and an R-12 zoning designation.

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    Four-Unit Multifamily Property
    Four-Unit Multifamily Property

    2061 E Ocean View Ave, Norfolk, VA 23503

    $430,000

    Occupied apartments offer separate electric service and proximity to the Chesapeake Bay, parks, shopping, dining, and major roadways.

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    Tenant-Occupied 4-Plex Investment
    Tenant-Occupied 4-Plex Investment

    1314 Reservoir Ave, Norfolk, VA 23504

    Contact for pricing

    Four 2-bedroom, 1-bath units are currently tenant-occupied as part of a larger portfolio sale.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 Active listings in Norfolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Well-Maintained Apartment Complex
    Well-Maintained Apartment Complex

    1005 Raleigh St, Elizabeth City, NC 27909

    $2,695,827
    21,500 sqft

    Twenty-four-unit multifamily portfolio with updated building systems, varied apartment layouts, and strong current occupancy.

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    Multifamily Apartment Complex
    Multifamily Apartment Complex

    1005 Raleigh Street, Elizabeth City, NC 27909

    $2,695,827
    21,500 sqft 2.86 AC lot

    Well-maintained apartment portfolio with updated building systems, varied floor plans, and strong occupancy.

    View details
    Waterfront Renovated Quadplex
    Waterfront Renovated Quadplex

    1261 N King Street, Hampton, VA 23669

    $260,000
    2,400 sqft

    Fully leased residential income property with renovations completed in most units.

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    Renovated Quadplex with Vacancy
    Renovated Quadplex with Vacancy

    1261 N King St, Hampton, VA 23669

    $325,000
    2,400 sqft

    Four-unit residential property offering renovated interiors, established tenancy, and flexibility for an owner-occupant.

    View details

    Norfolk, VA Quadplexes Market Trends and Statistics

    Explore 9 quadplexes for sale in Norfolk, VA, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 26,262 square feet of properties for sale, with an estimated market value of $8,604,900.

    Sale prices for four-unit buildings in Norfolk, VA start at $430,000, averaging $1,075,612, and reaching up to $1,850,000 — 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 34
    Apartment buildings 24
    Quadplexes 9
    Triplexes 1

    Demographics Overview

    Population 235K
    Population Growth (5Y) -4.3%
    Median Household Income $64,747
    College Educated 29.0%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    23503 $976.7K
    23508 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 1.27%
    Property Tax per SF $9.43 per SF
    Tax Rate vs County Average 0.01 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Norfolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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    Popular Searches in Norfolk, VA

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    Most Searched ZIP Codes in Norfolk, VA

    • 23503
    • 23504
    • 23508
    • 23517

    Featured Norfolk Real Estate Agencies

    Realmo connects you with licensed Norfolk CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Judy Boone Realty
    809 E. Ocean View Avenue Norfolk, VA 23503
    Phone: 17575872800
    www.judyboonerealty.com

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