Refine Search
Map
Sort by
$209,000
10628649 MLS
Turnkey investment opportunity with immediate income potential. This under-over Cape Cod is tenant occupied and offers built-in cash flow from day one. The first-floor unit features 2 bedrooms, 1 bath, and approx. 1,000 sqft. while the upstairs unit offers 1 Bedroom and 1 Bath, creating a strong rental setup for investors looking to expand their portfolio. With existing tenants in place, this property offers the advantage of steady income and reduced vacancy concerns. Whether you are a seasoned investor or looking to start building wealth through real estate, this property checks the boxes for value, functionality, and income production. Don’t miss your chance to add a solid income-producing property to your portfolio. Schedule your showing today and explore the potential this investment has to offer.

319 Ashlawn Drive, North Norfolk
$254,000
10627739 MLS
Solid income-producing duplex offering immediate cash flow with total rents of $2,725/month at a $260,000 asking price. Each unit features a 2-bedroom, 1-bath layout with functional floor plans that appeal to long-term tenants. Recent updates include refreshed finishes in one unit with new countertops and appliances, along with major system improvements that reduce future capital expenses—full plumbing updates, including a main sewer line replacement in 2024, new water heaters in both units, and completed foundation work in 2025/2026. Situated on a spacious corner lot in a central location with strong rental demand, this property presents a wonderful addition to any portfolio with upside potential over time.

2326 Elm Avenue, Central Portsmouth
$495,000
10627931 MLS
Exceptional investment opportunity in Portsmouth! This updated triplex features a spacious 3-bedroom, 2-bath single-family home alongside a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit perfect for maximizing rental income or flexible living arrangements. Each unit is well-appointed with granite countertops, stainless steel appliances, in-unit laundry, and separate utility meters for ease of management. The property also includes a detached garage and sits on a large lot, offering added value and potential. Ideal for investors, owner-occupants, house hackers, or multigenerational living. Live in one unit while generating income from the others or lease all three for strong cash flow.

1510 Parker Avenue, Central Portsmouth
$425,000
10627210 MLS
Rare opportunity to live in one and already have a GREAT tenants on the other side paying a great portion of your mortgage. This is a great addition to you Real Estate portfolio or a good way to start a new one. The vacant unit is the 3 bedrooms, 2 full bathrooms. Both units completely remodeled within the last 6 months. A lot of new construction happening around the area, 4 blocks from the bay. Don't let this one slip by.

416 Maryland Avenue, Central Portsmouth
$375,000
10625732 MLS
Fully renovated duplex in historic Park Place. One unit is currently leased, while the second unit is vacant and ready for a new tenant or owner-occupant. Both units feature updated flooring, fresh paint, granite countertops, white cabinetry, stainless steel appliances, and in-unit washers and dryers. Conveniently located near shopping, dining, schools, and local amenities. Back on the market due to buyer financing—no fault of the seller. Don't miss this opportunity! Sold as-is.

729 W 28th Street, West Norfolk
$1,390,000
10625144 MLS
*Back on the market at no fault of the property!* Prime income-producing asset in Ocean View! Seize the chance to invest in a stunning, all-brick, fully renovated eight-unit apartment building just steps from the iconic Ocean View Pier, the beach, and minutes from the base. Every unit has been meticulously remodeled—fully furnished, custom cabinets, granite countertops, new appliances, all new windows. All eight-units are occupied, two units are thriving as mid-term rentals, often enjoyed by traveling nurses and contract professionals. The building also features on-site laundry and assigned parking. With immediate cash flow, a prime location near highways, parks, basketball courts, and bike paths, this is a hands-off, top-tier investment. Everything is done—no work needed. Please note, out of respect for the tenants, do not disturb, contact, or approach them directly. Act now—this rare coastal market gem won’t last!

350 Staten Street, North Norfolk
$259,900
10623561 MLS
SEIZE THE OPPORTUNITY. THE 2027 ASSESSMENT HAS INCREASED BY OVER $35,000 OVER THE CURRENT YEAR 2026 ASSESSMENT. WHAT AN INVESTMENT! DON'T MISS THE OPPORTUNITY TO LIVE AND/OR INVEST IN THE HISTORICAL AREA OF DOWNTOWN. INCOME PRODUCING IN HAMPTON. THIS MASSIVE DUPLEX HAS OVER 2440 SQUARE FEET AND 2 CAR OFF STREET PARKING. THIS CORNER LOT HOME WITH MINIMUM LOVE AND CARE COULD BE INCOME PRODUCING AND A HUMBLE ABODE. WITH ONE MORTGAGE PAYMENT. OWNER PARTICIPATION IS LIMITED.

301 Washington Street, Hampton West
$5,625,000
10620196 MLS
Sunnybrook Apartments (824 Post Ave and 2127 Chesapeake Drive, Chesapeake, VA) is a 48-unit multifamily community in the Hampton Roads metro, positioned for cash flow and upside. The property offers an attractive unit mix of forty-four (44) 2BR/1BA and four (4) 1BR/1BA apartments, supporting broad renter demand. Offered at a $5,625,000 list price, buyers may benefit from assumable financing of approximately $3.5M at 5.7% interest (subject to lender approval), helping reduce interest-rate uncertainty and enhance leverage. The Chesapeake location provides convenient access to retail, dining and commuter routes. A compelling value-add story exists through rent optimization, interior upgrades and operational efficiencies as units turn. Ideal for 1031 exchange or portfolio expansion. Contact broker for offering memorandum, rent roll and financials. Tours by appointment only - please do not disturb residents.

824 Post Avenue, Central Chesapeake
$270,000
10619292 MLS

88 Paul Jones Street, Central Portsmouth
$1,250,000
10618613 MLS
Unique mixed-use investment in sought-after Hickory! Set on a rural parcel yet conveniently near major highways, 4443 Old Battlefield Blvd offers a versatile income-producing layout with multiple revenue streams. The property includes a duplex and a triplex for residential rental demand, plus two commercial spaces suited for neighborhood service, office, or small business use. Served by well and septic, this setup can help keep operating costs manageable (buyer to verify capacity, usage, and any expansion potential). Enjoy the appeal of country surroundings with commuter-friendly access—an attractive combination for tenants and business operators alike. Excellent opportunity to hold for steady cash flow, improve and reposition, or add value through rent optimization and targeted updates. Offered at $1,250,000. Buyer to verify zoning, permitted uses, and all property details.

4443 Old Battlefield Boulevard S, South Chesapeake
$455,000
10613026 MLS
Short sale contingent on third party approval. Selling as-is. Outstanding code violations include electrical, HVAC, decking, meter base, plumbing, etc. Corrections required to be permitted and inspected by the city of Norfolk. Utilities will not be provided for inspections.

3941 Omohundro Avenue, West Norfolk
$795,000
10610809 MLS
Well-maintained brick apartment asset with six - two bedroom, one bath units, in a convenient Norfolk location close to shipyards, interstates, and major employment centers. Current monthly rents total $6,382, providing immediate income from day one with potential upside through strategic rent increases and value-add improvements. Two-story building with off-street parking and simple, functional layouts that stay in demand with residents. Ideal for investors looking to scale their portfolio with a stable, easy-to-rent property in an established rental corridor. Please do not disturb tenants under any circumstances.

1419 Goff Street, East Norfolk
$970,000
10610601 MLS
Fully remodeled six-unit building just two blocks from the beach, offering a rare, low-maintenance coastal investment. All units have been updated, making this a true plug-and-play addition to your portfolio with current monthly rents totaling $8,240 and room to adjust over time with the market. Each unit is on separate utility meters, simplifying management and boosting net income by shifting utility costs to residents. Located in a highly desirable, beachside neighborhood with strong rental demand, this property is ideal for investors seeking stable cash flow, modern finishes, and a prime Norfolk location near sand, surf, and local amenities.

1005 Hillside Avenue, North Norfolk
$2,550,000
10610417 MLS
2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of “meat on the bone.” The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates. Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level

2500 Leo Street, West Norfolk
$275,000
10607416 MLS
Don't miss out on this 3 bedroom 2 bath duplex unit located conveniently near the shipyards, military bases, interstate access, and several shopping centers! Interior includes beautiful flooring, plentiful windows to let in lots of natural lighting, and washer/dryer hookups. Spacious yard is great for entertaining friends and family! Monthly Water Utility fee of $150.00 on each unit. Property is occupied, need additional notice to show property. Contact Listing agent for details.

370 Carver Circle, Central Portsmouth
$435,000
10603701 MLS
Hurry to see a LUCRATIVE Mixed Use Property that is FULLY RENTED and generating exceptional income right now! The very attentive owner of 50 YEARS has skillfully maintained and improved this premium property that features TWO Commercial Spaces + THREE Residential Apartments. The Gross Monthly Rents total $4,250 and there are 5 SEPARATE METERS for the Electricity. The Owner occupies an additional modest office space with half bath and separate entrance. This rare gem is located just off Interstates 464 & 64, and is near the up and coming Poindexter Street corridor of beautiful downtown South Norfolk! The city of Chesapeake's brand new, municipal building and parking garage (under construction) are located just around the corner, and downtown Norfolk is only five minutes away! PRICED TO MOVE, this desirable asset will be a quality addition to any Investor's portfolio! ACT FAST -- Opportunities come and go in life, so COME SEE . . . this one could be YOURS!

1300 Bainbridge Boulevard, Central Chesapeake
$1,500,000
10596064 MLS
Fully leased-This updated 12-unit multifamily property offers a rare combination of immediate income, extensive recent upgrades, and long-term value. With a strong rental history and five stable Section 8 tenants, investors can enjoy consistent returns from day one. 1031 Exchange Key Highlights & Upgrades: 10 units featuring brand new kitchens and bathrooms All 12 units are equipped with brand new HVAC systems (2025) 8 units with new water heaters 10 units with new carpet for a modern, refreshed feel Freshly painted and enhanced stairs and walkways (2024) Major building systems updated, including main pipeline replacement (2022) Parking lot resurfaced and fencing installed (2022), improving overall safety and aesthetics On-site security system for added peace of mind

600 74th Street Unit 12, Newport News South
$9,950,000
10528979 MLS
An incredible investment opportunity only a few blocks to the beach & boardwalk & located right next to one of the largest & most highly anticipated developments at the VA Beach oceanfront, Atlantic Park. Atlantic Park will feature the 1st Wavegarden Cove wave pool in the US along with a large entertainment venue, retail shops & residential apartments. This portfolio consists of 12 fee-simple townhomes located within a POA. These units are all 3/4 bedroom 3 bath with most having 2 car garages. Total of 36 BR's, 36 BA's. The property is located within the VB overlay district for short term rentals & should qualify if the buyer goes through the proper steps & process with the City of VB. Buyer shall conduct their own research & complete any & all due diligence at their sole expense.

2007 Baltic Avenue, Northeast Virginia Beach

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.