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2504 Arctic Avenue, Virginia Beach, VA 23451

Virginia Beach
Local realty services provided by:CENTURY 21 Together
2504 Arctic Avenue,Virginia Beach, VA 23451
$1,200,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: angela evans
Office: swell realty co
MLS#:10659207
Source:VA_REIN

Price summary

  • Price:$1,200,000

About this home

Rare opportunity to acquire a 5-unit multi-family property in highly desirable Old Beach, 2 blocks from beach. Massive upside potential. Irreplaceable acquisition opportunity w/2 separate structures. 2 units positioned for immediate premium rehab & market-rent stabilization. 2 units currently available to show. 3 units are currently managed & occupied offering immediate income. 1st floor unit has 3 bedrooms/1 bath & other unit is 1 bedroom/1 bath. All other units 1 bed/1bath. Current rent roll analysis: 2 units at $995/month each, plus 401 25th St #3 (same tax parcel) at $1050/month. 3 bedroom market rate estimated $2100/mo & other unit $1100/mo. Zoned A-12 & part of Old Beach Overlay Redevelopment, not zoned for STR use.Property to be sold strictly As-Is, Where-Is. All statements regarding property features are estimates. Buyer to exercise due diligence to verify all info.

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Home facts

  • Year built:1935
  • Listing ID #:10659207
  • Updated:October 24, 2026 at 09:36 AM

Rooms and interior

  • Flooring:Carpet, Vinyl, Wood
  • Kitchen Description:1 Dishwasher(s), 5 Range(s), 5 Refrigerator(s)

Heating and cooling

  • Cooling:Window/Wall
  • Heating:Electric

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1935
  • Construction Materials:Vinyl
  • Foundation Description:Crawl, Slab
  • Levels:2 Story

Schools

  • High school:First Colonial
  • Middle school:Virginia Beach Middle
  • Elementary school:W.T. Cooke Elementary

Utilities

  • Water:City Water, Water Heater - Electric
  • Sewer:City Sewer

Finances and disclosures

  • Price:$1,200,000
  • Tax amount:$6,919

Parking

  • Parking description:2 Space, Driveway Space, Street
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