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    Norfolk, VA Residential Income Properties for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA
    38 listings
    Renovated Multifamily Building Near Beach
    $1,390,000
    3,700 SF
    Renovated Multifamily Building Near Beach

    350 Staten Street, Norfolk, VA 23503

    Fully renovated, eight-unit apartment building near Ocean View Pier.
    • All‑brick, fully renovated 8‑unit apartment building built in 1970, with public water and public sewer and an asphalt roof
    • All 8 units remodeled with fully furnished interiors, custom cabinets, granite countertops, new appliances, and new windows
    • Current occupancy: all 8 units are occupied; 2 units operate as mid‑term rentals for traveling nurses and contract professionals
    • On‑site laundry available and each unit includes assigned parking
    • Fenced property with privacy fencing
    Updated: Mar 12
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    Bayfront Investment Opportunity in Norfolk
    $2,000,000
    4,020 SF
    Bayfront Investment Opportunity in Norfolk

    840 W Ocean View Avenue, Norfolk, VA 23503

    Rare bayfront duplex and four-unit building package for sale.
    • Rare bayfront duplex with private beach access and panoramic water views on the Chesapeake Bay
    • Package sale includes a bayfront duplex and a well‑maintained four‑unit building
    • Strong income potential from renting both units of the duplex or the four‑unit building
    • Flexible options: live in one side of the duplex and rent the other, rent both, or convert to a single‑family home (subject to approvals)
    • Ideal for boating, fishing, kayaking, and enjoying sunsets
    Updated: Mar 3
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    Mixed-Use Building on Princess Anne
    $1,449,800
    17,500 SF
    Mixed-Use Building on Princess Anne

    Mixed-use building with retail, office, and residential units.

    5010 Princess Anne Road E, Norfolk, VA 23502

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    Norfolk Duplex with Garage
    $230,000
    2,665 SF
    Norfolk Duplex with Garage

    Duplex with garage, carport, and partially finished attic.

    2615 Ballentine Boulevard, Norfolk, VA 23509

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    Waterfront Quad Multifamily Investment Opportunity
    $1,600,000
    3,810 SF
    Waterfront Quad Multifamily Investment Opportunity

    Unique waterfront quad with dock, ideal for investors/owner-occupants.

    765 48th Street, Norfolk, VA 23508

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    Separated Duplex Investment Property
    $179,900
    2,537 SF
    Separated Duplex Investment Property

    Fully separated duplex offering two rental-ready layouts, with renovation needed, on a sizable Norfolk lot.

    3448 Herbert Street, Norfolk, VA 23513

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    Multifaceted Investment Opportunity Near Beach
    $399,000
    2,200 SF
    Multifaceted Investment Opportunity Near Beach

    Triplex near the beach with income potential and recent upgrades.

    9571 13th Bay Street, Norfolk, VA 23518

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    Brick Cape Cod Duplex with Workshop
    $350,000
    2,000 SF
    Brick Cape Cod Duplex with Workshop

    Versatile duplex on a brick Cape Cod design with workshop, porch, and separate upstairs entrance.

    4210 Mayflower Road, Norfolk, VA 23508

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    Norfolk Multifamily Property For Sale
    $358,000
    2,146 SF
    Norfolk Multifamily Property For Sale

    Multifamily property in Norfolk, VA with income potential.

    873 Norview Avenue, Norfolk, VA 23513

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    Turnkey Quadplex Near the Bay
    $898,000
    3,200 SF
    Turnkey Quadplex Near the Bay

    Quadplex with rental history and renovation, near the bay.

    1439 W Ocean View Avenue, Norfolk, VA 23503

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    Well-Maintained Duplex in Norfolk, VA
    $339,000
    2,274 SF
    Well-Maintained Duplex in Norfolk, VA

    Well-maintained duplex with tenant, convenient to amenities and transportation.

    114 W 38th Street, Norfolk, VA 23504

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    All-Brick Side-by-Side Duplex
    $295,000
    1,596 SF
    All-Brick Side-by-Side Duplex

    Side-by-side duplex with two bedrooms per unit, washer/dryer hookups, and low-maintenance slab construction.

    3002 Illinois Avenue, Norfolk, VA 23513

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    Multifamily Property in Norfolk, VA
    $995,000
    4,400 SF
    Multifamily Property in Norfolk, VA

    Multifamily property with yards, parking, and greenspace near beach.

    9544 20th Bay & 9546 20th Bay Street, Norfolk, VA 23518

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    Bayview Duplexes Near Beach
    $350,000
    1,446 SF
    Bayview Duplexes Near Beach

    Side-by-side duplexes, 5 blocks from the beach.

    1141 Modoc Avenue, Norfolk, VA 23503

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    Norfolk Duplex on Corner Lot
    $319,900
    1,392 SF
    Norfolk Duplex on Corner Lot

    Fully rented duplex, ideal for investors or owner occupants.

    1052 Hannah Street, Norfolk, VA 23505

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    Norfolk Multifamily Investment Opportunity
    $422,000
    3,420 SF
    Norfolk Multifamily Investment Opportunity

    Multifamily property in Norfolk, VA with strong rental history.

    830 Fremont Street, Norfolk, VA 23504

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    Norfolk Turnkey Investment Opportunity
    $250,000
    1,650 SF
    Norfolk Turnkey Investment Opportunity

    Tenant-occupied Cape Cod duplex with immediate income potential.

    319 Ashlawn Drive, Norfolk, VA 23505

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    Bayview Duplexes Near Beach
    $350,000
    1,446 SF
    Bayview Duplexes Near Beach

    Side-by-side duplexes, five blocks from the beach.

    1147 Modoc Avenue, Norfolk, VA 23503

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    Historic Norfolk Building For Sale
    $1,200,000
    31,645 SF
    Historic Norfolk Building For Sale

    31,645 SF historic landmark building in desirable Ghent Corridor.

    303 W. 34th Street, Norfolk, VA 23508

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    Norfolk Duplex Near Ocean View
    $266,900
    990 SF
    Norfolk Duplex Near Ocean View

    Duplex near the beach with strong rental income potential.

    9635 10th Bay Street, Norfolk, VA 23518

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    Norfolk Multi-Family Property For Sale
    $394,000
    1,566 SF
    Norfolk Multi-Family Property For Sale

    Multi-family property in Norfolk, Virginia with detached garage.

    1059 Warwick Avenue, Norfolk, VA 23503

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    Norfolk Duplex with Good Tenants
    $270,000
    1,652 SF
    Norfolk Duplex with Good Tenants

    Brick duplex in a great location with reliable tenants.

    2411 Wyoming Avenue, Norfolk, VA 23513

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    Mixed-Use Property in Norfolk, VA
    $2,200,000
    0.86 Acres
    Mixed-Use Property in Norfolk, VA

    Eleven units, single-family home, and retail space for sale.

    2811 Colonial Ave, Norfolk, VA 23508

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    Renovated Multifamily Building Near Ocean
    $1,390,000
    Renovated Multifamily Building Near Ocean

    Fully renovated, eight-unit apartment building near Ocean View Pier.

    350 Staten St, Norfolk, VA 23503

    View details

    Norfolk, VA Residential Income Properties Investment Opportunities Market Analysis

    Explore 70 residential income properties for sale in Norfolk, VA, showcased through 38 active listings on our real estate platform. These investment opportunities span a total of 165,405 square feet of properties for sale, with an estimated market value of $22,500,500.

    Sale prices for residential income properties in Norfolk, VA start at $179,900, averaging $865,403, and reaching up to $3,375,000 — 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

    Multifamily properties 36
    Apartment buildings 15
    Duplexes 14
    Quadplexes 5
    Triplexes 2

    Property Size Breakdown

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

    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 median listing prices of real estate assets

    Neighborhood Average Price
    23509 $230K
    23513 $286K
    23517 $350K
    23518 $553.6K
    23523 $925K

    Taxes & Financing

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

    Listings Trend

    Total CRE Area on Market Trend

    Average Price per SF — Office

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    Most Searched ZIP Codes in Norfolk, VA

    • 23503
    • 23505
    • 23508
    • 23504
    • 23513
    • 23518
    • 23502
    • 23509
    • 23510
    • 23517
    • 23523

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