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320 London Street, Central Portsmouth
$385,000
10651284 MLS
Tremendous investment opportunity offered at a great price in Olde Towne Portsmouth! Ready for a buy and hold or update and dramatically increase equity. 3 Units: Building sq ft: 3,430, All units have central AC. All units have auto 1 yr renewal, 60 day renewal notice periodUnit 1A: 2 bedroom, 1 bath, sq ft. Rents for $1,500 a month*Lease end date 01/31/2025 Unit 2A: 1 bedroom, 1 bath, 700 sq ft. Rents for $800 a month (barely raised in 10 years)*Lease end date 10/31/2017 Unit 2B: 1 bedroom, 1 bath, 700 sq ft. Rents for $825 a month*Lease end date 03/31/2019Total Rental Income: $3,125

320 London Street, Central Portsmouth
315 15th Street, Northeast Virginia Beach
$1,250,000
10650879 MLS
Own a piece of Virginia Beach's Beach Borough where coastal convenience meets consistent income potential. This six-unit property features approximately 713-square-foot one-bedroom residences designed for simple, low-maintenance living, with five units are currently leased, generating strong income with a projected market rent surpassing $6,100 monthly. The location keeps tenants connected to the energy of the Virginia Beach Oceanfront, with the Boardwalk, Atlantic Fun Park, ViBe Creative District, local dining, coffee shops, boutiques, and beachside entertainment nearby. Java Surf and the restaurants around Rudee Inlet add local flavor, while quick access to I-264 supports an easy connection to the broader Hampton Roads region. For an investor, this is the kind of address that blends rental demand, recognizable location, and long-term versatility. For residents, it means salt-air mornings, lively weekends, and everyday essentials within easy reach. Hurry to schedule a private viewing now before someone else buys YOUR NEW INVESTMENT!

315 15th Street, Northeast Virginia Beach
1103 Cypress Avenue, Northeast Virginia Beach
$989,000
10650402 MLS
Rare opportunity to own an extensively renovated duplex in the Virginia Beach Oceanfront! Both residences underwent comprehensive renovations in 2022, including new HVAC systems, all-new plumbing, new flooring, kitchen cabinetry, quartz countertops and new kitchen appliances. Thoughtfully redesigned floor plans created bright, open-concept kitchen, dining and living spaces, while the addition of a full bath upstairs allows each of the two bedrooms on each side to have its own ensuite bath. Each residence offers 2 bedrooms and 2.5 baths, providing a total of 4 bedrooms and 5 baths across the property. Generous kitchen islands, abundant cabinetry and comfortable living spaces give each side the feel and functionality of a home. Outdoor living and fenced yard space add to the appeal. An exceptional opportunity for an investor, owner-occupant seeking rental income, or multi-generational living—all in a desirable Virginia Beach Oceanfront location near the beach, dining and entertainment.

1103 Cypress Avenue, Northeast Virginia Beach
9501 15th Bay Street, North Norfolk
$485,000
10650192 MLS
Elevate your living in this piling style duplex on a tributary leading out to the Chesapeake Bay. Enjoy your days in your tastefully updated home, perfect for investors or an owner occupied live in! With the tributary facing outside your front door on the expansive deck, take in the salt air! These are light and bright and offer convenience and close proximity to local eateries and entertainment. With the beach just down the street, who could go wrong! Each unit is two bedrooms, with one and a half baths and a large living area! ** Owner Financing Option, call for details.

9501 15th Bay Street, North Norfolk
301 S High Street, Franklin
$190,000
10648315 MLS
Excellent investment opportunity in Franklin! This over-under duplex offers approximately 2,500 square feet of living space with two residential units and established rental income already in place. Both units are fully rented to long-term tenants, providing an investor with immediate income and the opportunity to build on an existing rental portfolio. Situated on South High Street, this multifamily property offers a practical addition to any investment strategy, whether you're expanding your holdings or entering the rental market. With two units under one roof, investors can benefit from multiple income streams from a single property. Don't miss this opportunity to own an income-producing property in Franklin! Contact us today for additional information and to schedule a showing.

301 S High Street, Franklin
2229 Reservoir Avenue, East Norfolk
$275,000
10648954 MLS
Investment opportunity! This fully occupied Norfolk duplex offers immediate rental income with both units currently leased and generating income. Priced at $275,000, the property features a 3 bedroom, 1 bath downstairs and a 2 bedroom, 1 bath upstairs unit. With tenants already in place, investors can step into an income producing property without starting from scratch. Whether you’re looking to add another multifamily property to your portfolio or make your first investment, this duplex offers an opportunity to own two rental units under one roof. Property being sold AS-IS. Please do not disturb tenants.

2229 Reservoir Avenue, East Norfolk
1121 35th Street, Newport News South
$159,900
10649123 MLS
Welcome to this cozy up-and-down duplex! Offers spacious unit features 2 bedrooms and 1 bathroom each, offering comfortable living with a smart layout. Step into the modern kitchens, which features LPV flooring and plenty of storage. The bathrooms feature contemporary fixtures and finishes. This property offers separate entrances for privacy, convenient location near schools, shopping, and public transportation. Some images in this listing have been virtually staged.

1121 35th Street, Newport News South
104 Day Street Street, Central Suffolk
$218,000
10648328 MLS
Great investment opportunity in sought-after Downtown Suffolk! This well-maintained duplex offers two spacious units, each featuring 2 bedrooms, 1 bath, and 1,142 sq ft of comfortable living space. Strong rental potential with an ideal location near dining, shopping, and growing development. Whether you’re expanding your portfolio or searching for a reliable income-producing property, this duplex delivers long-term value in one of Suffolk’s most desirable areas.

104 Day Street Street, Central Suffolk
8100 Turner Road, North Norfolk
$600,000
10648202 MLS
Brand-new construction duplex in Norfolk’s Ocean View/Little Creek area! Completed in 2026, this thoughtfully designed property offers two spacious units, providing an excellent opportunity for an owner-occupant or investor. Unit 1 offers approximately 775 sq. ft. with 2 bedrooms and 1 full bath, while Unit 2 features approximately 1,417 sq. ft. with 3 bedrooms and 2 full baths. Each unit includes its own living room, dining area, laundry, kitchen and garage. Enjoy modern new construction, city water and sewer, off-street parking, and a convenient Norfolk location. This turnkey duplex offers flexibility for multigenerational living, rental income, or adding a new multifamily property to your portfolio.

8100 Turner Road, North Norfolk
1075 W Ocean View Avenue, North Norfolk
$1,285,000
10647916 MLS
Just one block from the Chesapeake Bay, 1075 W Ocean View Ave offers a rare opportunity to acquire a fully renovated, professionally managed 8-unit apartment building in one of Norfolk's most sought-after coastal rental markets. Comprised of four one-bedroom and four two-bedroom residences, the property underwent an extensive renovation in 2021, featuring modern interiors, updated building systems, mini-split HVAC throughout, repaved parking, and inviting outdoor common spaces. Additional features include 10 off-street parking spaces and an on-site laundry room. Just minutes from Naval Station Norfolk, I-64, and Ocean View's beaches, this turnkey investment combines strong in-place income with long-term upside in one of the region's most resilient multifamily corridors.

1075 W Ocean View Avenue, North Norfolk
717 W 35th Street, West Norfolk
$310,000
10647843 MLS
Make this your first stop! This versatile duplex in Norfolk's Park Place neighborhood is a fantastic opportunity for investors or owner-occupants looking to offset their mortgage with rental income. The first-floor unit features 2 bedrooms and 1 full bath with a renovated kitchen 2024), plus a new HVAC system and water heater (2025). The upstairs 1-bedroom has been freshly painted. Bathrooms are undergoing remodeling. All new gutters and downspouts, new storage shed and various plumbing and foundation upgrades made in 2025. Outside, enjoy a spacious backyard, welcoming country-style front porch, and ample on-street parking. Conveniently located near ODU, Ghent, Colonial Place, Downtown Norfolk, shopping, dining, and major interstates, this property offers an unbeatable combination of flexibility, updates, and location.

717 W 35th Street, West Norfolk
3207 Scott Street, Central Portsmouth
$275,000
10646135 MLS
Excellent investment opportunity with this fully occupied duplex generating more than $2,700 per month in current gross rental income. The property has benefited from numerous recent improvements, including a new roof in 2020, updated kitchen in 2021, HVAC replacement in 2023, renovated bathrooms and fresh interior paint in 2025, and electrical panel upgrades completed in 2016. With established tenants already in place, this property offers immediate income potential for the next owner. Conveniently located near numerous shopping centers, restaurants, and everyday services, with quick access to the interstate for an easy commute throughout the area. A strong addition to an investment portfolio, schedule your showing today!

3207 Scott Street, Central Portsmouth
1503 Elm Avenue, Central Portsmouth
$280,000
10643938 MLS
Sought after 4-Bedroom Duplex near Olde Towne Portsmouth! Bring your creative vision and turn this home with good bones into a dream investment! Each unit features spacious bedrooms, contemporary paint and flooring. Settled on an oversized corner lot with partial fence and unique unit layouts are sure to attract attention. With separate metering for all utilities, future tenant move in is effortless. Ideally situated near military bases, shipyards, naval hospitals, famous landmarks, shopping, casino and entertainment. Freeways, bridges, and tunnels are easily accessible. Contact your agent today for a showing!

1503 Elm Avenue, Central Portsmouth
842 West Ocean View (A-B) Avenue, North Norfolk
$1,600,000
10643308 MLS
SELLER WILL CONSIDER OWNER FINANCING, subject to seller approval and agreed terms! Two properties, one price: $1,850,000. This Chesapeake Bayfront package includes 840 & 842 W Ocean View Ave, combining a bayfront duplex and adjoining fourplex for six total units. Wide Chesapeake Bay views and direct beach access offer a coastal setting for boating, fishing, kayaking, beach walks, and sunsets. Explore the potential for a waterfront residence with rental income from the remaining units, subject to existing leases, or purchase the entire package as an income-producing investment. The waterfront duplex also offers potential for future conversion into a single residence, subject to applicable approvals. Convenient Norfolk location near military installations, interstates, marinas, dining, shopping, and area beaches. Seller can provide a termite and moisture letter. Properties must be sold together. Shown by appointment to qualified buyers.

842 West Ocean View (A-B) Avenue, North Norfolk
840 W Ocean View Avenue, North Norfolk
$1,600,000
10643299 MLS
SELLER WILL CONSIDER OWNER FINANCING, subject to seller approval and agreed terms! Two properties, one price: $1,850,000. This Chesapeake Bayfront package includes 840 & 842 W Ocean View Ave, combining a bayfront duplex and adjoining fourplex for six total units. Wide Chesapeake Bay views and direct beach access offer a coastal setting for boating, fishing, kayaking, beach walks, and sunsets. Explore the potential for a waterfront residence with rental income from the remaining units, subject to existing leases, or purchase the entire package as an income-producing investment. The waterfront duplex also offers potential for future conversion into a single residence, subject to applicable approvals. Convenient Norfolk location near military installations, interstates, marinas, dining, shopping, and area beaches. Seller can provide a termite and moisture letter. Properties must be sold together. Shown by appointment to qualified buyers.

840 W Ocean View Avenue, North Norfolk
410 W 28th Street, West Norfolk
$675,000
10642554 MLS
Located in the rapidly growing and improving Park Place neighborhood of Norfolk, this quadruplex at 410 W 28th St offers a prime investment opportunity. Each unit is approximately 925 sq ft and individually metered. And recently updated. Near to Norfolk's shipyards, downtown Norfolk, and in Maury High, Blair Middle, and St. Helena Elementary School District, this property is positioned for strong rental demand. Take advantage of the upward-trending Norfolk community and seize the opportunity to grow your rental income portfolio.

410 W 28th Street, West Norfolk
273 Elm Avenue, Central Portsmouth
$425,000
10640946 MLS
Renovated over/under duplex in the heart of Portsmouth! Located with easy access to highways, bases, shopping, and restaurants. Tenants in both units, photos from when it was vacant. Unit 1 has LVP flooring throughout the main living areas. This unit has 3 bedrooms and 1.5 bathrooms, kitchen, dining area, living room, and extra space for storage. The kitchen has beautiful quartz counters and stainless appliances. Unit 2 has LVP flooring throughout the main living areas. This unit has 3 bedrooms, 2 bathrooms, kitchen, dining area, and living room. The primary bedroom has an attached bathroom. The kitchen has beautiful quartz counters, stainless appliances, and a pantry. All appliances convey. Come see it today!

273 Elm Avenue, Central Portsmouth
6604 Atlantic Avenue, Northeast Virginia Beach
$799,999
10640877 MLS
Wonderful North End property with so much potential. Upstairs rent is $1500/monthly. Located on the Atlantic Ave service road, short distance to Edgar Cayce, oceanfront, Fort Story, restaurants, tourist attractions. Off street parking with driveway. Large storage room on the back has possibilities for expansion into first floor living space. Washer/dryer on second floor belongs to tenant. Survey in listing pictures. Seller will make no repairs.

6604 Atlantic Avenue, Northeast Virginia Beach
121 Broad Street, Central Portsmouth
$320,000
10640811 MLS
Add this to your portfolio! Must have appointment. Both units occupied. Located just a short distance to the water. Culpeppers Boat rentals very close to enjoy a quick fishing trip or grab some steamed crabs!

121 Broad Street, Central Portsmouth
226 S Willard Avenue, Hampton East
$399,000
10640266 MLS
INVESTOR OPPORTUNITY! PRICED BELOW TAX ASSESSED VALUE! Located in the Phoebus area of Hampton, this two-story corner-lot property is currently configured as a duplex featuring two separate units, each with 3 bedrooms and 1 full bathroom. The property offers options for rental use, owner occupancy, or potential conversion back into a 6-bedroom, 2-bathroom single-family residence. Interior features include hardwood floors, high ceilings, built-in bookshelves, and ceramic-tiled bathrooms. Exterior features include double covered porches, a detached garage, and water views of Mill Creek and the Chesapeake Bay from the upper porch and deck. The property is being sold as-is, with cosmetic updates needed, including interior painting and a ceiling drywall patch associated with a previously resolved upper-unit leak. Located near downtown Phoebus, Fort Monroe, Buckroe Beach, restaurants, shopping, and entertainment. With two separate living units and a flexible floor plan, this property presents multiple options for investors and owner-occupants. Schedule a showing to explore the property's features and potential uses.

226 S Willard Avenue, Hampton East
1909 High Street, Central Portsmouth
$329,999
10639458 MLS
Investor and owner-occupant opportunity in a designated Portsmouth Opportunity Zone. This 2-story duplex unlocks flexible income potential: run it as a traditional two-unit rental, or convert to the co-living model it was originally designed for, with up to 3 rentable rooms (2 up + 1 down). At approximately $800 per room market rent, the by-the-room scenario projects roughly $2,400 per month in gross potential income, giving an investor two paths to a strong cash-on-cash return. Three bedrooms and 2.5 baths across two stacked units. 2025 upgrades include luxury vinyl plank flooring and ductless mini-split systems, plus forced-air heat and central air. Eat-in kitchen, fireplace, covered patio, wood deck, fenced backyard, and a detached storage outbuilding. Low-maintenance vinyl and brick exterior. Public transportation is on the corner; the surrounding area is improving. All appliances convey.

1909 High Street, Central Portsmouth
367 Middle Street, Central Portsmouth
$625,000
10638682 MLS
Rare opportunity to acquire a well-maintained 5-unit multifamily property in the heart of Portsmouth's highly sought-after Olde Towne Historic District. The property consists of two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, offering an attractive unit mix that appeals to a broad tenant base. Positioned in one of Hampton Roads' most desirable neighborhoods, the property is just blocks from the Elizabeth River waterfront, Portsmouth-Norfolk Ferry, restaurants, coffee shops, museums, parks, and entertainment venues. Surrounded by major employment centers including Naval Medical Center Portsmouth, Norfolk Naval Shipyard, and Rivers Casino Portsmouth, the asset benefits from strong and consistent rental demand. Select units convey furnished, creating additional upside through furnished, mid-term, or executive rental strategies. Combining stable cash flow, a proven rental history, limited local multifamily inventory, and long-term appreciation potential, this turnkey asset presents an exceptional opportunity for investors seeking both current income and future growth in a supply-constrained waterfront market.?

367 Middle Street, Central Portsmouth
540 Ashlawn Drive, North Norfolk
$750,000
10637678 MLS
Investment opportunity in a 6-unit brick apartment building. All units have recently renovated. Currently fully occupied, this property provides strong rental income and long-term potential. To be sold with another fully renovated and fully rented 6 unit apartment building at 511 Ashlawn Drive. A great option for those looking to expand or begin their investment portfolio.

540 Ashlawn Drive, North Norfolk
511 Ashlawn Drive, North Norfolk
$750,000
10637677 MLS
Investment opportunity in a 6-unit brick apartment building. All units have recently renovated. Currently fully occupied, this property provides strong rental income and long-term potential. To be sold with another fully renovated and fully rented 6 unit apartment building at 540 Ashlawn Drive. A great option for those looking to expand or begin their investment portfolio.

511 Ashlawn Drive, North Norfolk
220 Church Street, York County North
$1,100,000
10636032 MLS
The Marl Inn Bed & Breakfast is a rare turnkey boutique inn in the heart of historic Yorktown, set on .5 AC double lot just steps from Yorktown Beach, Riverwalk, Colonial National Historical Park Visitor Center, and the American Revolution Museum. 1 of only 3 lodging properties within Yorktown’s historic core, this owner-operated inn offers a unique hospitality investment in a high-demand destination. 5 guest suites each feature ensuite baths and individual HVAC; 3 include full kitchens, and four have private exterior entrances, creating sought-after apartment-style accommodations with exceptional guest privacy. A spacious owner’s quarters allows comfortable on-site living without impacting income potential. Built in 1978, the Colonial-style property offers modern windows, central air/mini-splits, and public water/sewer for efficient operation. Positioned in the center of upcoming VA250 celebrations through 2031, Yorktown is poised for increased tourism, visibility and growth.

220 Church Street, York County North
318 Court Street, Central Portsmouth
$525,000
10633770 MLS
Impressive 1880 Victorian duplex in Olde Towne - a charming mix of original exterior and interior features and modern conveniences. Enjoy single story living downstairs. Lovely floorplan, large rooms, hardwood floors, tall windows, working fireplaces, and 12ft ceilings. Primary suite features an arched turret sitting area, fireplace, large open concept bathroom, walk in closet/dressing room/laundry area. Elegant living room has original moldings and fireplace. Real cook's kitchen has sitting and dining areas which open onto a deck overlooking the large rear garden with brick patio, large side deck + storage shed. Upstairs, 1450 sf of living space, features an arched turret sitting area, two decorative fireplaces, a covered porch to sit and enjoy Elizabeth River views, a large bonus room with washer/dryer. Short distance to the ferry, Portsmouth Naval Hospital &the Naval Shipyard. Suitable for live-in owner, multi-generational living or investment property.

318 Court Street, Central Portsmouth
416 Maryland 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
350 Staten Street, North 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
1419 Goff Street, East 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
1005 Hillside Avenue, North 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

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.

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