SOLD MAY 1, 2026

Off Market May 2026 for $10M

—

Est. refi paymentEst. refi $64,638/mo

—

•

— ba

•

45,864

sq ft

5385 E Princess Anne Rd, Norfolk, VA 23502

About this home

5385 E Princess Anne Rd is a 45,864 square foot multi-family home on a 3.77 acre lot. - it last sold on May 01, 2026 for $10,000,000.

Multi-familyProperty Type

1975Year Built

3.77 acresLot Size

$218Price/Sq.Ft.

Source:Public Records

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 23502, VA

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

100.4%

0.5% MoM

Median sale price

$342K

$7K MoM

Avg. days on market

18d

0 days MoM

Recently sold homes

4 MoM

New listings for sale

NEW 27 MINS AGO
$450,000
4 beds2.5 baths2,200 sq ft
1504 Shelton Ave, Norfolk, VA 23502
OPEN FRI, 1PM TO 3PM
$395,900
3 beds2.5 baths2,046 sq ft
3596 Kentucky Ave, Norfolk, VA 23502
NEW 17 HRS AGO
$318,000
3 beds2 baths1,630 sq ft
6138 Ivor Ave, Norfolk, VA 23502
FOR SALE BY OWNER
$285,000
3 beds1 bath1,170 sq ft
5380 Gabriel Ct, Norfolk, VA 23502
FOR SALE BY OWNER
$259,000
2 beds1 bath1,351 sq ft
3649 Garfield Ave, Norfolk, VA 23502
$300,000
2 beds1 bath755 sq ft
6316 Taylor Dr, Norfolk, VA 23502
$265,000
3 beds2.5 baths1,512 sq ft
5813 W Hastings Ct, Virginia Beach, VA 23462
$160,000
2 beds1 bath720 sq ft
5036 Lesselle Dr, Norfolk, VA 23502
See all

Provided by Redfin

Sale history for 5385 E Princess Anne Rd

Date

Event

Price

RENTALBEAST #2

Jul 12, 2026

Rental Removed

$1,495

$0/sq ft

Jul 10, 2026

Listed for Rent

$1,495

$0/sq ft

RENTALBEAST #1

Jul 9, 2026

Rental Removed

$1,395

$0/sq ft

Jun 25, 2026

Listed for Rent

$1,395

$0/sq ft

Public Records

May 1, 2026

Sold

$10,000,000

$218/sq ft

Public Records

Jan 21, 2014

Sold

$6,950,000

$152/sq ft

Public Records

Sep 1, 1995

Sold

$2,214,400

$48/sq ft

Public Records

Jun 15, 1983

Sold

$2,650,000

$58/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$90,708 (−11.6%)

$591,300 + $6,783,300

$7,374,600

2024

$102,640 (+6.4%)

$591,300 + $6,783,300

$7,374,600

2023

$96,500 (+1.8%)

$591,300 + $7,753,400

$8,344,700

2022

$94,839 (+1.3%)

$591,300 + $7,128,700

$7,720,000

2021

$93,640 (+2.4%)

$591,300 + $6,995,800

$7,587,100

2020

$91,484 (+14.8%)

$591,300 + $6,899,900

$7,491,200

2019

$79,723 (+2.9%)

$591,300 + $6,727,400

$7,318,700

2018

$77,446 (+8.3%)

$525,600 + $5,852,200

$6,377,800

2017

$71,493 (+1.4%)

$1,051,200 + $5,165,600

$6,216,800

2016

$70,524 (−0.2%)

$1,051,200 + $5,165,600

$6,216,800

2015

$70,668 (−1.7%)

$1,051,200 + $5,081,400

$6,132,600

2014

$71,921 (+13.4%)

$657,000 + $5,597,000

$6,254,000

2013

$63,412 (+3.9%)

$657,000 + $5,597,000

$6,254,000

2012

$61,050

$657,000 + $4,857,100

$5,514,100

Tax history for 5385 E Princess Anne Rd

Year

Property tax

Land + Additions

Assessment*

2025

$90,708 (−11.6%)

$591,300 + $6,783,300

$7,374,600

2024

$102,640 (+6.4%)

$591,300 + $6,783,300

$7,374,600

2023

$96,500 (+1.8%)

$591,300 + $7,753,400

$8,344,700

2022

$94,839 (+1.3%)

$591,300 + $7,128,700

$7,720,000

2021

$93,640 (+2.4%)

$591,300 + $6,995,800

$7,587,100

2020

$91,484 (+14.8%)

$591,300 + $6,899,900

$7,491,200

2019

$79,723 (+2.9%)

$591,300 + $6,727,400

$7,318,700

2018

$77,446 (+8.3%)

$525,600 + $5,852,200

$6,377,800

2017

$71,493 (+1.4%)

$1,051,200 + $5,165,600

$6,216,800

2016

$70,524 (−0.2%)

$1,051,200 + $5,165,600

$6,216,800

2015

$70,668 (−1.7%)

$1,051,200 + $5,081,400

$6,132,600

2014

$71,921 (+13.4%)

$657,000 + $5,597,000

$6,254,000

2013

$63,412 (+3.9%)

$657,000 + $5,597,000

$6,254,000

2012

$61,050

$657,000 + $4,857,100

$5,514,100

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Zoning

MF-NS

70 DNL

CRO

CBPA

Multi-Family - Neighborhood-Scale District

The purpose of the Multi-Family - Neighborhood-Scale MF-NS district is to provide lands that accommodate a range of multifamily development on generally smaller lots. Development in the district shall be oriented toward the street, and provide pedestrian entrances from the street. Allowed uses include detached single-family dwellings, twofamily dwellings, townhomes, moderate-scale multi-family dwellings, and parks and recreation centers.

Zone overlays

Coastal Resilience Overlay District
Chesapeake Bay Preservation Areas Overlay

Permitted uses

Include but are not limited to:

Community / recreation center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Infrastructure
Office
Park & open space

Property details

Exterior

Exterior Information
Physical Condition: Average
Building Type: Apartments and Residential

Property Information
Subdivision Name: RIVER OAKS SEC 03
Building Sq. Ft: 45,864
# of Stories: 2
Legal Description: 2,PARCEL A & PTS 1, PARCEL B

Lot Information
# of Buildings: 2
Land Sq. Ft: 164,246
Legal Lot Number: A
Legal Block Number: K
Acres: 3.7706
Zoning Code: R-7
County Use Description: APARTMENT 49+ LOW RISE

Financial

Assessor Information
Assessment Year: 2025

Public facts

Beds: —
Baths: —
Sq. Ft.: 45,864
Stories: 2.0
Lot Size: 3.77 acres
Style: Multi-Family (5+ Unit)
Year Built: 1975
Year Renovated: —
County: Norfolk
APN: 30989800

Home facts updated by county records on Jul 23, 2026

Around this home

Schools

Ingleside Elementary School

Public PreK-5 • Assigned • 1.8mi

4/10

Norview Middle School

Public 6-8 • Assigned • 2.0mi

1/10

B. T. Washington High School

Public 9-12 • Assigned • 3.1mi

1/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

3/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

9/10 Heat Factor

7 days above 105° expected this year, 16 days in 30 years

8/10 Wind Factor

80% chance of strong winds in next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Norfolk, VA • 23502

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.3 hours in June and 5.1 hours in December, which is comparable to the U.S. average for solar exposure.

9.3 hrs

5.1 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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New listings for sale in 23502

NEW 27 MINS AGO

$450,000

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1504 Shelton Ave, Norfolk, VA 23502

OPEN FRI, 1PM TO 3PM

$395,900

3 beds2.5 baths2,046 sq ft

3596 Kentucky Ave, Norfolk, VA 23502

NEW 17 HRS AGO

$318,000

3 beds2 baths1,630 sq ft

6138 Ivor Ave, Norfolk, VA 23502

FOR SALE BY OWNER

$285,000

3 beds1 bath1,170 sq ft

5380 Gabriel Ct, Norfolk, VA 23502

FOR SALE BY OWNER

$259,000

2 beds1 bath1,351 sq ft

3649 Garfield Ave, Norfolk, VA 23502

$300,000

2 beds1 bath755 sq ft

6316 Taylor Dr, Norfolk, VA 23502

$265,000

3 beds2.5 baths1,512 sq ft

5813 W Hastings Ct, Virginia Beach, VA 23462

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2 beds1 bath720 sq ft

5036 Lesselle Dr, Norfolk, VA 23502

Home values near 5385 E Princess Anne Rd

Data from public records.

Address	Redfin Estimate
5380 E Princess Anne Road, Norfolk, VA 2 Beds \| 1 Baths \| 853 Sq. Ft.	$226,981
5388 E Princess Anne Road, Norfolk, VA 2 Beds \| 1 Baths \| 826 Sq. Ft.	$207,603

Address	Redfin Estimate
5408 E Princess Anne Road, Norfolk, VA 2 Beds \| 1 Baths \| 740 Sq. Ft.	$220,991
5384 E Princess Anne Road, Norfolk, VA 3 Beds \| 1 Baths \| 1048 Sq. Ft.	$234,261

Address	Redfin Estimate
5392 E Princess Anne Road, Norfolk, VA 4 Beds \| 2.5 Baths \| 1906 Sq. Ft.	$385,216
5439 E Princess Anne Road, Norfolk, VA 4 Beds \| 2.5 Baths \| 1737 Sq. Ft.	$396,795

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 23502, VA

Sale history for 5385 E Princess Anne Rd

Tax history for 5385 E Princess Anne Rd

Zoning

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 23502

Home values near 5385 E Princess Anne Rd

More real estate resources