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    Oceanfront Triplex Near Boardwalk
    Updated: Jun 2
    Oceanfront Triplex Near Boardwalk

    316 16th Street, Virginia Beach, VA 23451

    $1,190,000
    2,946 sqft
    Triplex with waterfront feature (Waterfront) and shingle roof; built in 1940
    3BR/2BA main residence on the first level
    Second‑floor unit offers 2BR/1BA
    Additional 1BR/1BA apartment for added rental flexibility
    Located in the Virginia Beach Oceanfront area on 16th Street, about three blocks from the beach
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    This listing looks promising.

    Here's a quick look at some key insights for

    316 16th Street, Virginia Beach, VA 23451

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    • Est. Cap Rate

      3.2%
      NOI ÷ price

    • Est. NOI

      $39K
      Annual

    • Price @ 7% Cap

      $551K
      Suggested

    • Property Type

      Duplex
      Built 1940
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Virginia Beach, 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.

    Three-Unit Triplex with Back Deck
    Three-Unit Triplex with Back Deck

    244 Ethel Avenue, Norfolk, VA 23504

    $499,900
    2,250 sqft

    Triplex with three separate units, including a renovated third unit and a back deck.

    View details
    Three-Unit Residential Income Property
    Three-Unit Residential Income Property

    408 N Catherine Street, Ahoskie, NC 27910

    $110,000
    704 sqft 0.12 AC lot

    Three-unit income property in Ahoskie, with prior updates completed and remaining improvements to finalize.

    View details
    Residential Income Triplex
    Residential Income Triplex

    3941 Omohundro Avenue, Norfolk, VA 23504

    $455,000
    2,730 sqft

    Triplex for sale in Norfolk, offered as-is with outstanding code violations requiring permitted city inspections.

    View details
    Brick Mixed-Use Building with Offices
    Brick Mixed-Use Building with Offices

    101 W Main St, Ahoskie, NC 27910

    $127,000
    0.10 AC lot

    Brick mixed-use building offers downstairs office space and upstairs residential potential with multiple separate entrances.

    View details

    Virginia Beach, VA Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Virginia Beach, VA on our real estate platform. These investment opportunities span a total of 2,946 square feet of properties for sale, with an estimated market value of $1,190,000.

    Sale prices for three-family homes in Virginia Beach, VA average $1,190,000 — 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

    Mobile home & RV parks 11
    Short term rental properties 4
    Apartment buildings 3
    Duplexes 3
    Quadplexes 1

    Demographics Overview

    Population 457K
    Population Growth (5Y) +8.7%
    Median Household Income $92,332
    College Educated 30.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    23451 $1.2M

    Taxes & Financing

    Tax Rate (average for all types) 0.98%
    Property Tax per SF $10.26 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Virginia Beach city

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

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

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