500 Virginian Drive, Norfolk, VA 23505
Local realty services provided by:CENTURY 21 Together
500 Virginian Drive,Norfolk, VA 23505
$300,000
- - Beds
- - Baths
- 2,300 sq. ft.
- Multi-family
- Pending
Listed by: lea marie ngowakl
Office: atlantic sothebys int'l realty
MLS#:10645732
Source:VA_REIN
Price summary
- Price:$300,000
- Price per sq. ft.:$130.43
About this home
Positioned in Norfolk's established Suburban Acres neighborhood, this duplex presents a compelling blend of immediate income and long-term opportunity. Both units are tenant occupied with leases extending through 07/31/2027 at $1,425.00 monthly rent and 05/31/2027 at $1,325.00 monthly rent, creating reliable revenue from day one. (Photos are of Unit A only.) Residents enjoy convenient access to Naval Station Norfolk, Old Dominion University, Sentara Leigh Hospital, Norfolk Premium Outlets, Military Circle redevelopment initiatives, and the growing dining and entertainment scene surrounding Granby Street and Downtown Norfolk. Nearby favorites include The Dirty Buffalo, Jessy's Taqueria, Starbucks, Target, and Harris Teeter. The property's side-by-side layout, generous living spaces, and established tenancy offer a practical path for investors seeking stability in a market driven by military, medical, educational, and professional employment sectors. Imagine owning an asset in the center of a city known for commerce, culture, and connectivity while benefiting from consistent cash flow and future appreciation potential. Opportunities for a multifamily property in this location are increasingly limited. Photos Virtually Staged. Hurry to schedule a private viewing now before someone else buys YOUR INVESTMENT!...
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Home facts
- Year built:1951
- Listing ID #:10645732
- Updated:August 02, 2026 at 08:37 AM
Rooms and interior
- Living area:2,300 sq. ft.
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1951
- Building area:2,300 sq. ft.
- Architectural Style:Side by Side
- Construction Materials:Vinyl
- Foundation Description:Crawl
Schools
- High school:Granby
- Middle school:Northside Middle School
- Elementary school:Suburban Park Elementary
Utilities
- Water:City/County, Water Heater - Gas
- Sewer:City/County
Finances and disclosures
- Price:$300,000
- Price per sq. ft.:$130.43
- Tax amount:$3,966
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