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    Norfolk, VA
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    Norfolk, VA Residential Income Properties for Sale

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    71 properties
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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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    Bayfront Multifamily Property
    Updated: Jul 8
    Bayfront Multifamily Property

    840 W Ocean View Avenue, Norfolk, VA 23503

    $1,850,000
    4,020 sqft
    Six‑unit package consisting of a bayfront duplex and adjoining fourplex
    4,020 square feet across 840 and 842 W Ocean View Avenue
    Waterfront setting with direct beach access and Chesapeake Bay views
    R‑12 zoning supports the existing residential configuration
    Built in 1984 with shingle roofing
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    Waterfront Duplex with Garage Apartment
    Waterfront Duplex with Garage Apartment

    937 Little Bay Avenue, Norfolk, VA 23503

    $575,000
    1,600 sqft

    Waterfront duplex with a detached apartment, private beach, and off-street parking.

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    See what stands out in Norfolk city

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
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    Local Demand available after sign in
    New Construction Duplex
    New Construction Duplex

    8100 Turner Rd, Norfolk, VA 23518

    $625,000
    2,192 sqft

    Two distinct residences include private living, dining, kitchen, laundry, and garage areas.

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    Waterfront Duplex with Garages
    Waterfront Duplex with Garages

    8100 Turner Road, Norfolk, VA 23518

    $625,000
    2,192 sqft

    Two separate residences feature kitchens, laundry areas, living spaces, and individual garages.

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    Updated Four-Unit Quadplex
    Updated Four-Unit Quadplex

    143 W Balview Avenue, Norfolk, VA 23503

    $650,000
    2,600 sqft

    Four separately metered apartments with refreshed systems, shared amenities, and proximity to the beach, restaurants, shopping, and transit.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    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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    Mixed-Use Property with Retail
    Mixed-Use Property with Retail

    5010 Princess Anne Rd E, Norfolk, VA 23502

    $1,749,849
    17,500 sqft

    Two-level configuration combines commercial spaces with residential tenants in an established Norfolk property.

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    Waterfront Two-Unit Duplex
    Waterfront Two-Unit Duplex

    4885 Kennebeck Avenue, Norfolk, VA 23513

    $260,000
    1,450 sqft

    Residential income property with distinct upper- and lower-level living arrangements.

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    Side-by-Side Duplex with Creek
    Side-by-Side Duplex with Creek

    4204 Mayflower Road, Norfolk, VA 23508

    $258,500
    1,600 sqft

    As-is two-unit property with R-8 zoning and renovation potential.

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    Renovated Multifamily Building Near Ocean
    Renovated Multifamily Building Near Ocean

    350 Staten St, Norfolk, VA 23503

    $1,390,000
    3,700 sqft

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

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    Waterfront Duplex
    Waterfront Duplex

    9531 Atlans Street, Norfolk, VA 23503

    $385,000
    1,900 sqft

    Over-under configuration with updated interiors, separate living areas, and R-8 zoning in Norfolk.

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    Waterfront Quadplex with Docks
    Waterfront Quadplex with Docks

    765 48th Street, Norfolk, VA 23508

    $1,600,000
    3,810 sqft

    Creek access, dock improvements, and a finished basement expand the property's functional features.

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    Updated Duplex with Private Yards
    Updated Duplex with Private Yards

    1012 Balview Ave, Norfolk, VA 23503

    $525,000
    2,656 sqft

    Two residential units provide three bedrooms, two baths, and individual backyard space.

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    Side-by-Side Duplex with Storage
    Side-by-Side Duplex with Storage

    3315 Clark Circle, Norfolk, VA 23509

    $250,000
    1,208 sqft

    Waterfront duplex with one occupied residence, one vacant residence, and on-site storage space.

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    Updated Over-Under Duplex
    Updated Over-Under Duplex

    717 W 35th Street, Norfolk, VA 23508

    $314,900
    1,680 sqft

    Two residential units offer flexible owner-occupant or rental use with recent improvements throughout the property.

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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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    Side-by-Side Duplex
    Side-by-Side Duplex

    6351 Wellington Street, Norfolk, VA 23513

    $275,000
    1,624 sqft

    Two vacant residences offer separate utility metering and individual washer and dryer hookups.

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    Waterfront Duplex with Garage Apartment
    Waterfront Duplex with Garage Apartment

    937 Little Bay Ave, Norfolk, VA 23503

    $575,000
    1,600 sqft

    Beachfront Norfolk duplex with a detached apartment, private sandy shoreline, water views, and separate electrical service.

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    Renovated Side-by-Side Duplex
    Renovated Side-by-Side Duplex

    325 W 37th Street, Norfolk, VA 23508

    $385,000
    2,150 sqft

    Vacant two-unit property with refreshed interiors and separate washer-dryer hookups in each residence.

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    Side-by-Side Duplex
    Side-by-Side Duplex

    1149 Modoc Ave, Norfolk, VA 23503

    $360,000
    1,446 sqft

    Matching floor plans support owner occupancy on one side with rental use on the other.

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    Renovated 8-Unit Apartment Building
    Renovated 8-Unit Apartment Building

    350 Staten Street, Norfolk, VA 23503

    $1,390,000
    3,700 sqft 0.16 AC lot

    All units are furnished and remodeled, with granite countertops, custom cabinetry, new appliances, and on-site laundry.

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    As-Is Duplex Property
    As-Is Duplex Property

    4204 Mayflower Rd, Norfolk, VA 23508

    $258,500
    1,600 sqft

    Two-unit residential property near shopping, dining, Downtown Norfolk, ODU, military bases, and major roadways.

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    Over-Under Duplex
    Over-Under Duplex

    1045 W 37th Street, Norfolk, VA 23508

    $425,000
    1,600 sqft

    Waterfront duplex with separate upper and lower residences and both driveway and street parking.

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    Norfolk, VA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Norfolk, VA, showcased through 71 active listings on our real estate platform. These investment opportunities span a total of 226,289 square feet of properties for sale, with an estimated market value of $49,572,498.

    Sale prices for residential income properties in Norfolk, VA start at $30,000, averaging $774,570, and reaching up to $4,000,000 — 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

    Multifamily properties 74
    Duplexes 46
    Apartment buildings 21
    Quadplexes 8
    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
    23509 $287.5K
    23513 $292.4K
    23523 $336.2K
    23518 $540K
    23508 $556.2K

    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
    • 23508
    • 23504
    • 23513
    • 23517
    • 23518
    • 23509
    • 23523
    • 23502
    • 23505
    • 23507

    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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