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    Suffolk, VA
    Residential Income

    Suffolk, VA Residential Income Properties for Sale

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    Corapeake, NC Gates, NC Windsor, VA Chesapeake, VA Carrsville, VA Portsmouth, VA Sunbury, NC Smithfield, VA
    Over-Under Duplex Residence
    Updated: Mar 25
    Over-Under Duplex Residence

    216 Grace Street, Suffolk, VA 23434

    $295,000
    2,567 sqft
    Great investment opportunity in downtown Suffolk.
    Duplex with two spacious units, each with 2 bedrooms and 1 full bathroom.
    Ideal for investors or owner‑occupants (live in one unit, rent the other).
    Strong rental potential in a growing area.
    Convenient location near shopping, dining, and major roadways.
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    This listing looks promising.

    Here's a quick look at some key insights for

    216 Grace Street, Suffolk, VA 23434

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    • Est. Cap Rate

      8.9%
      Above avg (5.9%)

    • Est. NOI

      $26K
      Annual

    • Price @ 7% Cap

      $373K
      Above asking

    • Property Type

      Single Family Residence
      Built 1754
    View Property Analytics
    Live-Work Office Rental Property
    Updated: Jan 24, 2025
    Live-Work Office Rental Property

    2017 Wilroy Road, Suffolk, VA 23434

    $425,000
    2,124 sqft 2.43 AC lot
    B‑2 zoned property on Wilroy Road next to a Children’s Center in a high‑traffic area
    Connected to city water and sewage
    Two‑sided layout: one side operating as an office with a private restroom, kitchenette, and storage; other side used as a residential rental
    Residential side features 3 bedrooms
    Updates include freshly painted interior and new flooring; new kitchen cabinets and counters on the residential side
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    Residential Land Development Opportunity
    Residential Land Development Opportunity

    4385 Desert Road, Suffolk, VA 23434

    $65,000
    1.00 AC lot

    Buildable one-acre lot offered with an uninspected septic system sold as-is.

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    Apartment Community in Growing City
    Apartment Community in Growing City

    1000 Meridian Obici Way, Suffolk, VA 23434

    Contact for pricing

    Class A apartment community in Virginia's rapidly growing Suffolk.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 4 Active listings in Suffolk, VA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Single-Story Side-by-Side Duplex
    Single-Story Side-by-Side Duplex

    163 CHOATE Street, Portsmouth, VA 23707

    $199,900
    1,396 sqft

    Single-story duplex with 4 bedrooms and 2 bathrooms total, arranged as two independently operating units.

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    3BR 2BA Duplex Residence
    3BR 2BA Duplex Residence

    370 Carver Circle, Portsmouth, VA 23701

    $275,000
    2,070 sqft

    Occupied duplex offers two 3-bedroom, 2-bath units with washer/dryer hookups and a spacious yard.

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    Duplex Residential Income Property
    Duplex Residential Income Property

    88 Paul Jones Street, Portsmouth, VA 23702

    $270,000
    2,200 sqft

    For sale duplex totaling 2,200 square feet, zoned UR, located at 88 Paul Jones Street in Portsmouth.

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    Gates, NC Land Opportunity
    Gates, NC Land Opportunity

    1309 Mallory Buck Road, Gates, NC 27937

    $295,000
    3.61 AC lot

    3.61 acres in Gates County with five septic systems.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Lot in Corapeake, NC
    Residential Lot in Corapeake, NC

    Brinkley Road, Corapeake, NC 27926

    Contact for pricing
    0.74 AC lot

    0.74-acre lot zoned for single family residential use.

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    Wooded Land in Gates County
    Wooded Land in Gates County

    Kings Land Court lot: 3, Gates, NC 27937

    $59,900
    9.35 AC lot

    9.35 acre wooded lot in Gates County, North Carolina.

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    Residential Development Land
    Residential Development Land

    22056 Brewers Neck BLVD, Carrollton, VA 23314

    $1,000,000
    95.68 AC lot

    Development-ready acreage with survey and site plans prepared for an estimated 74 homes.

    View details
    Spacious Lot in South Mills
    Spacious Lot in South Mills

    220 Horseshoe Road lot: 1, South Mills, NC 27976

    $129,900
    3.33 AC lot

    3.33-acre partially cleared lot with no deed restrictions.

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    Off-Market Properties in Suffolk, VA

    Consider similar Off-Market properties in Suffolk, VA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3872 Pughsville Rd
    MOBILE HOME PARK, TRAILER PARK

    3872 Pughsville Rd, Suffolk, VA 23435-2407

    Value Estimation by Request
    2,417 sqft 0.18 AC lot
    View details
    3878 Pughsville Rd
    MOBILE HOME PARK, TRAILER PARK

    3878 Pughsville Rd, Suffolk, VA 23435-2407

    Value Estimation by Request
    2,417 sqft 0.18 AC lot
    View details
    6309 Godwin Blvd
    Land

    6309 Godwin Blvd, Suffolk, VA 23432

    Value Estimation by Request
    155.00 AC lot
    View details
    3520 Sleepy Hole Rd
    Land

    3520 Sleepy Hole Rd, Suffolk, VA 23435

    Value Estimation by Request
    38.33 AC lot
    View details
    4948 Shoulders Hill Rd
    Land

    4948 Shoulders Hill Rd, Suffolk, VA 23435

    Value Estimation by Request
    View details

    Suffolk, VA Residential Income Properties Market Trends and Statistics

    Explore 9 residential income properties for sale in Suffolk, VA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 4,691 square feet of properties for sale, with an estimated market value of $720,000.

    Sale prices for residential income properties in Suffolk, VA start at $295,000, averaging $360,000, and reaching up to $425,000 — 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 2
    Single family properties 2
    Apartment buildings 1
    Duplexes 1

    Demographics Overview

    Population 96K
    Population Growth (5Y) +5.2%
    Median Household Income $90,027
    College Educated 44.4%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    23434 $233.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.13%
    Property Tax per SF $27.23 per SF
    Tax Rate vs County Average 0.03 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Suffolk city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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