Multifamily Property for Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Norfolk, VA 23504

Description

Marcus & Millichap is pleased to present Woodrow Court, a 16-unit multifamily community located at 230 East 40th Street in Norfolk, Virginia. The property consists of one four-story building constructed in 1918 and situated on approximately ±0.329 acres. Woodrow Court is comprised entirely of spacious two-bedroom, two-bathroom units, offering an attractive unit mix well suited to today’s renter demand. Investment Highlights: • Historic Ghent Neighborhood • Condo Finishes, Metered for Water & Sewer Separately • Unique 2-Bed & 2-Bath Layouts, Ideal for Roommates & Students • Below Market Rents

Market Context

This multifamily in Norfolk, VA is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 68 days. Compare it against other multifamily listings for sale in Norfolk, VA — <a href="/search/sale/multifamily/virginia/norfolk">view the full market</a>.

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