Hampton Roads Multi-Unit Properties for Sale

2504 Arctic Avenue, Northeast Virginia Beach

Rare opportunity to acquire a 5-unit multi-family property in highly desirable Old Beach, 2 blocks from beach. Massive upside potential. Irreplaceable acquisition opportunity w/2 separate structures. 2 units positioned for immediate premium rehab & market-rent stabilization. 2 units currently available to show. 3 units are currently managed & occupied offering immediate income. 1st floor unit has 3 bedrooms/1 bath & other unit is 1 bedroom/1 bath. All other units 1 bed/1bath. Current rent roll analysis: 2 units at $995/month each, plus 401 25th St #3 (same tax parcel) at $1050/month. 3 bedroom market rate estimated $2100/mo & other unit $1100/mo. Zoned A-12 & part of Old Beach Overlay Redevelopment, not zoned for STR use.Property to be sold strictly As-Is, Where-Is. All statements regarding property features are estimates. Buyer to exercise due diligence to verify all info.

2504 Arctic Avenue, Northeast Virginia Beach

$650,000

10659101 MLS

RARE NEW-CONSTRUCTION INVESTMENT OPPORTUNITY! Two spacious, attached, three-story townhomes on Azalea Avenue offered together as ONE purchase—not available individually. Ideal for investors seeking two rental properties in one acquisition or an owner-occupant who wants to live in one home and rent the other to help offset ownership expenses. Each residence offers approximately 2,500 square feet of thoughtfully designed living space, for approximately 5,000 square feet combined. Highlights include 9-foot ceilings, two primary suites per residence, granite countertops, upgraded lighting, ceiling fans, a private garage, and driveway parking. A second-story deck adds desirable outdoor living space—perfect for unwinding, entertaining, or enjoying fresh air without leaving home. The three-level floor plans offer flexibility for a range of living arrangements, with ample space for residents, guests, or work-from-home needs. Separate homes side by side provide the convenience of nearby ownership while preserving the independence of each residence. Looking for an owner-occupied investment opportunity? Make one townhome your personal residence and explore renting the neighboring home for supplemental income. Prefer a fully investment-focused purchase? Rent both townhomes and build a two-property portfolio with new construction. Either approach offers options for long-term ownership and potential income generation. A compelling opportunity for buyers who value spacious floor plans, modern finishes, garage parking, driveway parking, outdoor living space, and the versatility of two residences sold together. Purchase both, choose your strategy, and make the most of this distinctive new-construction offering!

2001 Azalea Avenue, Central Portsmouth

$499,000

10658951 MLS

Located minutes to Norfolk State University this triplex is a great investment opportunity! Each unit consists of two bedrooms and one full bath! Recent renovations include LVP throughout each unit, new appliances and new windows! Unit A renovated 2021; Unit B renovated 2025; Unit C renovated 2023. New roof installed 2023 and exterior painted 2024! Tenants pay all utilities! Property is being sold AS IS, WHERE ID. Great opportunity for investors looking to add a multifamily property to their portfolio! Contact listing agent with any questions

2224 Marshall Avenue, East Norfolk

$260,000

10658919 MLS

Income-Producing Duplex in Norfolk! Don’t miss this incredible investment opportunity at 809 Whitehead Ave! Completely remodeled in 2023, this duplex features two units, each offering 2 bedrooms and 1 full bathroom. Each unit is separately metered, offering added convenience for ownership and management. The upper unit is already rented, providing an opportunity for rental income from day one. Whether you’re an investor looking to expand your portfolio or a house hacker looking to live in one unit while renting out the other, this versatile property offers excellent potential. A fantastic opportunity to own a turnkey, income-producing property in Norfolk!

809 Whitehead Avenue, East Norfolk

4459 Ocean View Avenue, Northwest Virginia Beach

$899,000

10658687 MLS

Beautiful front back duplex just off of the beach perfect for investment property or owner occupant looking to rent out the other side. Back unit is larger and upgraded with extra living area, updated kitchen with granite countertops, updated full bath and larger primary bedroom with large closet. Front unit has a front porch with open floor plan downstairs from kitchen to the living room with wood burning fireplace. Each unit has 2 bedrooms and 1.5 bathrooms. Back unit has a large deck leading to the spacious backyard with detached shed. Easy beach living! Come by today!

4459 Ocean View Avenue, Northwest Virginia Beach

$799,999

10658801 MLS

A Full Duplex. Units A and B! A is occupied until August 1, 2027. B is Vacant. Master BR Down with Full Bath. Another 1/2 Bath down. 3 BR upstairs with a Full Bath and another 1/2 Bath. Beautifully maintained properties. Roof 3 years young! Off Street parking in the rear, or on Street parking. Gas logs in the masonry fireplace. Garden Shed in the back for your "extras".

4407 Victoria Boulevard, Hampton West

4505 Victoria Boulevard Boulevard, Hampton West

$899,000

10658752 MLS

SIX UNIT APARTMENT BUILDING in HISTORIC DOWNTOWN HAMPTONAll are spacious 2 bedroom units (1000 +/- sq ft). Fully occupied. Charming building near Hampton Yacht Club, Air & Space Museum & Downtown Hampton's wonderful selection of restaurants.Classic hardwood floors, high ceilings, sun room, neat architectural features.New CA/gas units installed in each apartment June 2015.

4505 Victoria Boulevard Boulevard, Hampton West

1013 Mckinley Avenue, Central Chesapeake

$349,900

10658545 MLS

Desirable side-by-side, all brick duplex in Chesapeake! Both units are mirror images with move-in ready finishes! Featuring NO carpet, wood flooring throughout in unit A & LVP throughout in unit B, upgraded kitchens with shaker cabinetry, as well as modern appliances! Both units have laundry hookups. Two great-sized bedrooms with ample closet space. Hall bath with designated linen closet inside and in the hall as well. Water and electric are both sepertely metered. Roof 2022, water heaters 2023! Solid rental history for both units. Unit A is rented at $1495 per month until 3/31/27. Unit B is currently vacant, making this is a great opportunity for investors, as well as owner-occupants alike! Call today!

1013 Mckinley Avenue, Central Chesapeake

505 Barberton Drive, Northeast Virginia Beach

$585,000

10658516 MLS

Live in one unit and rent out the other! Fantastic side by side duplex opportunity. 1 mile from the Virginia Beach Oceanfront, Atlantic Park Surf and the Vibe Creative District. This rare duplex is your answer to the investment property and location you have been seeking. Less maintenance with a newer roof, new paved driveway and walkway, unit 505 has a new HVAC and water heater. Unit 507 lease expires 5/31/2027.

505 Barberton Drive, Northeast Virginia Beach

$1,595,000

10658462 MLS

Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025. Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink. Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.

765 48th Street, West Norfolk

1007 Green Street Street, Central Portsmouth

$1,450,000

10658154 MLS

Come and see this first! These gorgeous mostly renovated units have tons of natural light throughout and a large living room. The kitchens have newer cabinetry and stainless steel appliances. These super clean / move in ready units boast fresh paint, LVP flooring, carpet, new bathrooms, and washer / dryer hookups provided. Check this 12 plex out before its gone! 12 Units for sale, 8/12 units currently occupied / rented, 2 are currently available for rent, 2 being left needing a full turn. There is still plenty of meat on the bone here, the current plan would leave one unit needing a full rehab.

1007 Green Street Street, Central Portsmouth

$399,900

10658252 MLS

Discover a rare investment gem! This historic Victorian home has been converted into a triplex, offering a unique opportunity for primary occupancy or rental income. The lower units are currently rented, while the completely remodeled 2 bed, 1 bath upper unit will be vacant November. Situated on a spacious corner lot with potential for subdivision, less than half a mile from Hampton Yacht Club and local dining spots. Ideal for investors seeking character, rental income, and future development possibilities.

229 S Armistead Avenue, Hampton West

$450,000

10658175 MLS

Discover the opportunity to own a four unit multifamily property featuring four 2 bedroom, 1 bathroom units with in unit laundry for tenant convenience and appeal.With three units currently occupied and providing rental income, the fourth unit provides owner flexibility for renovation designs. Listing photos showcase one of the renovated units.

419 Craig St, East Norfolk

$374,995

10657914 MLS

Rare opportunity with built-in income potential! 9609 13th Bay features a single-family home and a duplex on one property, offering the flexibility investors and savvy buyers are looking for. With separate water and electric meters, this property is well-suited for rental income, multi-generational living, or adding value over time. Whether you’re looking to expand your investment portfolio or take advantage of a unique property with multiple possibilities, this is one you won’t want to miss. Property is being sold as is. Won’t last long come with your offers.

9609 13th Bay Street, North Norfolk

$315,000

10657798 MLS

Great Investment, well maintained with long term tenants. Up and Down duplex 3 bedroom 1bath each Great rental income, tenants pay all utilities. DO NOT DISTURB TENANTS. property sold AS/IS Hurry this wont last long.

3100 Vimy Ridge Avenue, East Norfolk

$272,000

10657796 MLS

Great Investment, well maintained. Up and Down duplex 1 bedroom 1bath great rental history, landlord pays water tenants pay all utilities. DO NOT DISTURB TENANTS.

3102 Vimy Ridge Avenue, East Norfolk

$299,000

10657642 MLS

Fantastic investment opportunity! Property was fully renovated in 2022 (Granite counters and SST Appliances), and great cash flow with both units fully 12-month leased. Priced to move and CCA (up to 2%) considered. W/D in each unit and tenant pay all utilities.

639 W 26th Street, West Norfolk

$199,900

10652641 MLS

GREAT OPPORTUNITY IN NORFOLK! 1618 Berkley Ave Ext presents an excellent opportunity for investors, renovators, and buyers looking to add value in an established Norfolk location. This property offers the potential to renovate, reposition, and create significant value through the right investment strategy. Whether you're looking for your next flip, rental property, or long-term investment, this property is worth a closer look. Bring your contractors, evaluate the possibilities, and turn this property into your next successful project. Conveniently located near major roadways, shopping, dining, schools, military installations, and other key Hampton Roads destinations. With vision and the right improvements, there is an opportunity to transform this property and maximize its potential. Don't miss your chance to add another value-add property to your portfolio!

1618 Berkley Avenue, East Norfolk

313 Scott Lane, Northeast Virginia Beach

$395,000

10657436 MLS

Great opportunity to invest in an updated duplex in Virginia Beach, convenient to everything! Each unit has 2 bedrooms and 1 bath, and almost everything has been updated. Both units feature new quality LVP flooring, freshly painted walls, ceilings and cabinetry, and new lighting, door handles and blinds. The white brick exterior has also been recenlty painted. Both kitchens have new sinks, garbage disposals and countertops. Unit 313 features quartz countertops and a new dishwasher, while Unit 311 has granite countertops. Newer HVAC systems and a roof replaced in 2023 add to the appeal. Both units feel fresh, spacious and filled with natural light. The property sits on a 50' x 150' lot, with an unused city lot next door. It just adds to the beautifully open and spacious outdoor feel. This home’s huge backyard offers plenty of room for a wonderful outdoor living space or even a pool. Add this property to your investment portfolio and rent both units, live in one and rent the other, or consider the possibilities for multigenerational living. Conveniently located near shopping centers and grocery stores, just a few miles from the oceanfront, with easy access to the expressway and Oceana Naval Air Station. This duplex offers an excellent combination of updates, flexibility and location! Unit 1 is 313 and unit 2 is 311. There is nothing like this out there.

313 Scott Lane, Northeast Virginia Beach

$300,000

10657601 MLS

Are you are looking to supercharge your investment portfolio? This vacant duplex is the ultimate find. Great for an owner-occupant who wants to live in one side while letting the other unit help pay the mortgage, or for a savvy investor looking to command strong market rents from day one.The upstairs unit offer fresh interior paint and brand-new carpeting. Because both units are entirely vacant, you avoid the headache of inherited tenant issues and can pick your own residents or move right in immediately.Situated in a highly desirable, high-demand rental pocket, this property offers unbeatable convenience. You are just minutes away from Old Dominion University (ODU), the vibrant streets of Ghent, historic Colonial Place, and thriving Downtown Norfolk. Commuting is an absolute breeze with instant access to local tunnels, major highways, and a variety of premier shopping and dining destinations. Don't miss out on this rare, versatile income-producer—schedule your tour today!

517 W 29th Street, West Norfolk

241 Middle Lane, Northeast Virginia Beach

$350,000

10657328 MLS

Fantastic investment opportunity. both units are already remodeled and rented. A is the upstairs unit and rents for $1195.00 B is first floor unit with small fenced in backyard and rents for $1395.00 This is only 3 miles to the beach, and 4 to Oceana. This is just down the road from Hilltop shopping and restaurants. EASY interstate access. Must give at least 24 hours notice for showings.

241 Middle Lane, Northeast Virginia Beach

3904 Marsha Street, Northwest Portsmouth

$349,900

10657338 MLS

Residential Conversion - Single family to Multi-family. Renovated duplex with a well maintained yard. Quiet single family neighborhood. Large rooms, lots of closet space, gas heat and central air conditioning. Directly adjacent to the Western Branch Trail. Large fully fenced yard with deck and shed. Unit A which is available for immediate occupancy has three bedrooms and 1.5 bathrooms. Unit B which is occupied has two bedrooms and two full bathrooms. Yard maintenance to be provided by the owner. New dishwasher. Refrigerators, Electric stoves, HVACs, (washer and dryer in Unit B) convey as is.

3904 Marsha Street, Northwest Portsmouth

204 Central Avenue Avenue, Central Suffolk

$245,000

10656924 MLS

Discover an excellent investment opportunity at 204 Central Avenue in Suffolk! This over-under duplex features two spacious 3-bedroom, 1-bath units, each offering approximately 1,100 square feet of living space. Both units feature inviting front porches, while the property offers a carport, large driveway, and a generously sized storage shed with two separate sections. Both units are tenant-occupied, with current monthly rents of $1,325 and $1,400, generating a combined $2,725 in monthly rental income. One unit is leased through March 31, 2027, while the other is on a month-to-month tenancy. Tenants are responsible for all utilities. Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; 1622 Prentis Avenue, Portsmouth (MLS# 10656915) offered at $250,000; and 1551 Spruce Street, Norfolk (MLS# 10656917) offered at $280,000. This property, 204 Central Avenue (MLS# 10656924), is offered individually at $245,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.

204 Central Avenue Avenue, Central Suffolk

1622 Prentis Avenue Avenue, Central Portsmouth

$250,000

10656915 MLS

Discover an investment opportunity at 1622 Prentis Avenue in Portsmouth! This side-by-side duplex features two spacious units, offering flexibility and potential for investors looking to expand their rental portfolio. Unit A offers 3 bedrooms, 2 bathrooms, and approximately 1,100 square feet of living space. Currently vacant and in need of turnover and updates, this unit presents an opportunity to make improvements before securing a new tenant. Unit B features 3 bedrooms, 1 bathroom, and approximately 1,000 square feet of living space. Previous rental rates were $1,500 per month for Unit A in 2023 and $1,150 per month for Unit B in 2021. Street parking is available, with the owner responsible for water and tenants responsible for electricity. A great opportunity for investors seeking a property with value-add potential! Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 204 Central Avenue, Suffolk (MLS# 10656924) offered at $245,000; 1725/1727 Prentis Avenue, Portsmouth (MLS# 10656902) offered at $260,000; and 1551 Spruce Street, Norfolk (MLS# 10656917) offered at $280,000. This property, 1622 Prentis Avenue (MLS# 10656915), is offered individually at $250,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.

1622 Prentis Avenue Avenue, Central Portsmouth

1725 Prentis Avenue Avenue, Central Portsmouth

$260,000

10656902 MLS

Discover an excellent investment opportunity at 1725/1727 Prentis Avenue in Portsmouth! This charming over-under duplex features two spacious units, each offering 3 bedrooms and 2 bathrooms. The upstairs unit, 1725 Prentis Avenue, offers approximately 1,640 square feet of living space. Both units feature beautiful front porches, tall ceilings, updated flooring, and updated bathrooms, adding to the property's appeal. Additional conveniences include laundry hookups and street parking. The owner is responsible for water, while tenants pay for electricity. With a reported monthly rental rate of $1,350 for the upstairs unit and $1,400 for the downstairs unit, this duplex offers an attractive opportunity for investors seeking rental income in Portsmouth. Additional Investment Opportunity: This property is part of a four-duplex investment portfolio, with each property available for individual purchase. The seller will also consider package offers. Additional properties include 204 Central Avenue, Suffolk (MLS# 10656924) offered at $245,000; 1622 Prentis Avenue, Portsmouth (MLS# 10656915) offered at $250,000; and 1551 Spruce Street, Norfolk (MLS# 10656917) offered at $280,000. This property, 1725/1727 Prentis Avenue (MLS# 10656902), is offered individually at $260,000. Purchase all four duplexes at a discounted package price of $1,000,000! An opportunity to expand your rental portfolio with multiple income-producing properties across Hampton Roads.

1725 Prentis Avenue Avenue, Central Portsmouth

Hampton Roads Multi-Unit Properties for Sale

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