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    Norfolk, VA
    Short Term Rental

    Norfolk, VA Short Term Rental Properties for Sale

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    Portsmouth, VA Chesapeake, VA Virginia Beach, VA Suffolk, VA Hampton, VA Newport News, VA Carrollton, VA
    All-Brick Eight-Unit Apartment Building
    Updated: Mar 12
    All-Brick Eight-Unit Apartment Building

    350 Staten Street, Norfolk, VA 23503

    $1,390,000
    3,700 sqft 0.16 AC lot
    All‑brick, fully renovated 8‑unit apartment building (8 units occupied)
    Each unit remodeled with new windows, custom cabinets, and granite countertops
    New appliances included in each unit; electric water heater; public water and public sewer
    On‑site laundry and assigned parking; fenced with privacy fencing
    Asphalt roof; brick and drywall construction; built in 1970
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    This listing looks promising.

    Here's a quick look at some key insights for

    350 Staten Street, Norfolk, VA 23503

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    • Est. Cap Rate

      3.1%
      NOI ÷ price

    • Est. NOI

      $44K
      Annual

    • Price @ 7% Cap

      $622K
      Suggested

    • Property Type

      Apartments (Generic)
      Built 1970
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 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.

    Turnkey Duplex Investment Opportunity
    Turnkey Duplex Investment Opportunity

    521 Monroe Avenue, Cape Charles, VA 23310

    $899,000
    3,072 sqft

    Fully renovated duplex in historic Cape Charles with strong rental income.

    View details
    Triplex Home with Private Entrances
    Triplex Home with Private Entrances

    727 TAZEWELL AVE, Cape Charles, VA 23310

    $895,000
    3,956 sqft 0.13 AC lot

    Triplex-style home with three separately secured living spaces, private entrances on each level, and an elevator for access.

    View details
    12-Unit Fee-Simple Townhome Portfolio
    12-Unit Fee-Simple Townhome Portfolio

    2007 Baltic Avenue, Virginia Beach, VA 23451

    $9,950,000
    29,590 sqft 0.45 AC lot

    Twelve fee-simple townhomes in a POA within the VB overlay district for short-term rentals.

    View details
    Beach Area Multifamily Investment Opportunity
    Beach Area Multifamily Investment Opportunity

    414 19th St, Virginia Beach, VA 23451

    Contact for pricing

    Eight-unit apartment building near the ocean in Short-Term Rental Overlay.

    View details

    Norfolk, VA Short Term Rental Properties Market Trends and Statistics

    Explore 1 short term rental properties for sale in Norfolk, VA on our real estate platform. These investment opportunities span a total of 3,700 square feet of properties for sale, with an estimated market value of $1,390,000.

    Sale prices for short term rental properties in Norfolk, VA average $1,390,000 — 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

    Apartment buildings 26
    Duplexes 21
    Quadplexes 6
    Triplexes 2
    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
    23503 $1.4M

    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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