Suffolk, VA Residential Income Properties for Sale

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Updated: Aug 25

Commercial/Industrial, Suffolk, VA

4530 Shoulders Hill Road, Suffolk, VA 23435

$1,350,000

1,736 sqft 2.76 AC lot

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Updated: Jan 24, 2025

Office-Residential Mixed Use Property

2017 Wilroy Road, Suffolk, VA 23434

$395,000

2,124 sqft 2.43 AC lot

Property on Wilroy Road next to a Children’s Center with city‑installed turning lane and high traffic exposure
Duplex‑style layout: one side used as an office with private restroom, kitchenette, and storage; the other side used as a residential rental
Residential side features 3 bedrooms and was freshly painted with new flooring, new kitchen cabinets, and counters
Connected to city water and sewage
Recent updates include new vinyl siding and new roof (shingle roof)

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2-Unit Duplex

104 Day St, Suffolk, VA 23434

$222,999

2,284 sqft

Each residence includes two bedrooms and one bath, with 1,142 square feet per unit.

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See what stands out in Suffolk 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

NOI available after sign in

Local Demand available after sign in

Two-Story Mixed-Use Retail Income

200 E Washington St, Suffolk, VA 23434

$1,290,000

0.24 AC lot

Mixed-use property with retail space and 11 residential units across two two-story buildings.

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Mixed-Use Property With Apartments

158-160 W. Washington Street |, Suffolk, VA 23434

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2,932 sqft

First-floor professional offices include private rooms, a conference area, kitchenette, and multiple restrooms.

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Mixed-Use Property with Retail Space

200-208 E Washington Street, Suffolk, VA 23434

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18,000 sqft 0.24 AC lot

Two-story mixed-use asset combining residential units with a dedicated retail space in Suffolk, Virginia.

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

Triplex With Conversion Potential

301 S Broad St, Suffolk, VA 23434

$199,999

Three-unit residential property near dining and shopping, with flexibility for renovation and reconfiguration.

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Apartment Community in Growing City

1000 Meridian Obici Way, Suffolk, VA 23434

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

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Based on your search, we've compiled 21 Potential Opportunities for your consideration. Besides 8 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.

Brick Triplex with Screened Porch

3824 Turnpike Road, Portsmouth, VA 23701

$300,000

2,171 sqft

Three separately accessed units include one available residence, two occupied units, shared laundry, and outdoor storage.

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Brick Triplex with Screened Porch

3824 Turnpike Rd, Portsmouth, VA 23701

$300,000

2,171 sqft 0.50 AC lot

Three-unit brick property with separate entrances, shared laundry, storage, and substantial outdoor space.

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Waterfront Duplex with Solar Panels

804 City Park Avenue, Portsmouth, VA 23701

$325,000

1,878 sqft

One unit is leased through June 2027, while the second unit is currently available for occupancy.

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Duplex with Solar Panels

804 City Park Ave, Portsmouth, VA 23701

$325,000

1,878 sqft

Two-unit residential property with solar panels and one unit leased through June 2027.

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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.

North Suffolk Residential Development Site

7707 Crittenden Rd, Suffolk, VA 23432

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117 sqft 117.00 AC lot

117-acre residential development site in a rapidly growing market.

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Residential Lot in Corapeake, NC

Brinkley Road, Corapeake, NC 27926

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0.74 AC lot

0.74-acre lot zoned for single family residential use.

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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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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.

MOBILE HOME PARK, TRAILER PARK

3872 Pughsville Rd, Suffolk, VA 23435-2407

$465,000

Estimated value

2,417 sqft 0.18 AC lot

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MOBILE HOME PARK, TRAILER PARK

3878 Pughsville Rd, Suffolk, VA 23435-2407

$360,000

Estimated value

2,417 sqft 0.18 AC lot

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Land

6309 Godwin Blvd, Suffolk, VA 23432

Value Estimation by Request

155.00 AC lot

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Land

3520 Sleepy Hole Rd, Suffolk, VA 23435

Value Estimation by Request

38.33 AC lot

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Land

4948 Shoulders Hill Rd, Suffolk, VA 23435

Value Estimation by Request

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Suffolk, VA Residential Income Properties Market Trends and Statistics

Explore 13 residential income properties for sale in Suffolk, VA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 27,076 square feet of properties for sale, with an estimated market value of $3,457,998.

Sale prices for residential income properties in Suffolk, VA start at $199,999, averaging $691,599, and reaching up to $1,350,000 — 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

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	$527K
23435	$1.4M

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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