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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
    Individually Metered Quadplex
    Updated: Jul 2
    Individually Metered Quadplex

    410 W 28th Street, Norfolk, VA 23508

    $675,000
    3,700 sqft
    Four‑unit residential property in an over‑under configuration
    Approximately 925 square feet per unit
    Each unit is individually metered
    3,700 square feet total
    Built in 1964
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    Bayfront Duplex and Fourplex
    Updated: Jul 8
    Bayfront Duplex and Fourplex

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

    $1,600,000
    3,332 sqft
    Two adjoining properties offered together: a duplex and fourplex, totaling six units
    Combined property area of 3,332 square feet
    R‑12 zoning
    Chesapeake Bay frontage with direct beach access
    Existing leases; potential duplex conversion to a single residence is subject to applicable approvals
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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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    See hot listings in Norfolk

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 3 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.

    4-Unit Quadplex
    4-Unit Quadplex

    1520 Prentis Ave, Portsmouth, VA 23704

    $850,000
    5,324 sqft

    Individually metered apartments include stackable washer-dryers in every unit.

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    Renovated 4-Unit Quadplex
    Renovated 4-Unit Quadplex

    1601 Elm Avenue, Portsmouth, VA 23704

    $599,999
    3,800 sqft

    All four residences are occupied, with tenants responsible for their utility costs.

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    Renovated Four-Unit Quadplex
    Renovated Four-Unit Quadplex

    329 S Armistead Ave, Hampton, VA 23669

    $425,000
    2,460 sqft

    Four updated apartments share a covered front porch and off-street parking near downtown and the waterfront.

    View details
    Renovated Quadplex with Vacancy
    Renovated Quadplex with Vacancy

    1261 N King St, Hampton, VA 23669

    $260,000
    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 3 quadplexes for sale in Norfolk, VA, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 11,052 square feet of properties for sale, with an estimated market value of $4,125,000.

    Sale prices for four-unit buildings in Norfolk, VA start at $675,000, averaging $1,375,000, 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 58
    Apartment buildings 20
    Quadplexes 3
    Short term rental properties 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
    23508 $1.1M
    23503 $1.9M

    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)

    Average Property Price per SF

    For-sale Residential Income pricing trends in Norfolk city

    Residential Income

    Property Size Breakdown

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

    How Realmo verifies these figures

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    Popular Searches in Norfolk, VA

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    Most Searched ZIP Codes in Norfolk, VA

    • 23503
    • 23508

    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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