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    Norfolk, VA
    Triplex

    Norfolk, VA Triplexes for Sale

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    Three-Unit Triplex with Back Deck
    Updated: Jul 10
    Three-Unit Triplex with Back Deck

    244 Ethel Avenue, Norfolk, VA 23504

    $499,900
    2,250 sqft
    Triplex in Norfolk’s River View neighborhood built in 1918 with shingle roof and waterfront features
    Hardie board plank siding plus a back deck
    Apt 1: 2 bed, 1 full bath, full kitchen and spacious living area; leased month‑to‑month at $1,225/mo
    Apt 2: 1‑bedroom efficiency layout with its own kitchen and full bath; leased at $900/mo on a one‑year lease
    Apt 3: renovated with brand‑new kitchen (custom cabinetry and quartz countertops), tiled walk‑in shower and dedicated office space; Lafayette River views
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    This listing looks promising.

    Here's a quick look at some key insights for

    244 Ethel Avenue, Norfolk, VA 23504

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    • Est. Cap Rate

      5.9%
      Above avg (5.9%)

    • Est. NOI

      $29K
      Annual

    • Price @ 7% Cap

      $421K
      Suggested

    • Property Type

      Triplex
      Built 1918
    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.

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    2,700 sqft 0.19 AC lot

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    Versatile Triplex in Historic Edenton
    Versatile Triplex in Historic Edenton

    113 Mexico Road, Edenton, NC 27932

    $379,900
    3,713 sqft 1.00 AC lot

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    Cape Cod Triplex with Off-Street Parking
    Cape Cod Triplex with Off-Street Parking

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    Well-Maintained Income-Producing Triplex
    Well-Maintained Income-Producing Triplex

    803 E STATE St, Delmar, DE 19940

    $322,000
    0.23 AC lot

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    Norfolk, VA Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Norfolk, VA on our real estate platform. These investment opportunities span a total of 2,250 square feet of properties for sale, with an estimated market value of $499,900.

    Sale prices for three-family homes in Norfolk, VA start at $499,900, averaging $499,900, and reaching up to $499,900 — 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 13
    Duplexes 9
    Quadplexes 7
    Short term rental properties 2
    Triplexes 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 $289K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Norfolk city

    Office

    Property Size Breakdown

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

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