Multi Family homes for sale & real estate in Norfolk, VA

Multi Family Home for sale in Norfolk, VA:

Rare direct beachfront home located in Norfolk’s highly desirable Ocean View neighborhood, offering sweeping Chesapeake Bay views, daily dolphin sightings, and true private beach access—step directly from your home onto the sand with no streets or walkways. Enjoy outdoor living at its best with an expansive wrap-around main deck and a second-floor bay-view deck, perfect for sunrises, sea breezes, entertaining, or quiet relaxation. Renovated in 2025, the home features modern updates and refreshed finishes throughout. A private entrance to the second and third floors creates multiple independent living spaces, offering exceptional flexibility. Ideal for multi-generational or multi

Multi Family Home for sale in Norfolk, VA:

OVER-SIZED, DUPLEX. Great addition to an investor's portfolio! This 4,091 square foot duplex is perfectly set up for maximum rental income. Both units are exceptionally large, providing over 2,000 sq ft of living space, featuring 5 to 6 large bedrooms, 2 full bathrooms, a dedicated full kitchen, and a combined living/dining space. Separate utility meters; tenants pay all utilities. Unit 1 available for immediate rental or owner occupant on 12/31/25. Unit 2 is occupied with long-standing tenants on a 6-month lease generating $2,000 per month ending 6/30/26. Convenient to ODU and Norfolk Naval Base. Moments from Downtown Norfolk's vibrant scene—restaurants, bars, shopping, and entertain

Multi Family Home for sale in Norfolk, VA:

This fully renovated triplex short sale features over/under units with 2 bed 1 bathroom with living room, dining room, kitchen, laundry & storage spaces. Ready for your tenant to start thier leases. Unit A featuring a covered front porch & unit B with a covered balcony. Unit C is a detached apartment w/ one bedroom, one bath, living room, kitchen, & laundry closet. Private entrance for each unit. Kitchens and bathrooms have new cabinets, quartz countertops & newer appliances. New siding, roof, windows, and newer HVAC replaced in 2024. Both main building units are 2 bed, 1 bath that rented for $1,700 per month. One bedroom apartment rented for $1,050 per month. Tenants

Multi Family Home for sale in Norfolk, VA:

Fully rented four-unit building in a strong Norfolk rental area, with all units featuring 2 bedrooms and a total monthly rent roll of $4,260. Clean, functional layouts appeal to long-term residents and keep turnover low, while the 2BR floor plans remain in high demand. This property delivers solid, in-place income from day one with upside over time through targeted rent increases and value-add improvements. Conveniently located near major roads, bases, shipyards, and employment centers, 1314 Reservoir Ave is a great opportunity to scale your portfolio with an efficient, easy-to-manage multifamily asset. Please do not disturb tenants under any circumstances.