406 South Armistead Avenue, Hampton, VA 23669

Hampton
Local realty services provided by:ERA Real Estate Professionals
406 South Armistead Avenue,Hampton, VA 23669
$725,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: maria gauvin
Office: keller williams town center
MLS#:10654943
Source:VA_REIN

Price summary

  • Price:$725,000

About this home

**GREAT INVESTMENT OPPORTUNITY – 7-UNIT MULTIFAMILY PROPERTY!** Fully occupied income-producing property offering immediate cash flow with multiple opportunities for future upside. Recent improvements include **new mini-split systems, updated electrical, a new roof in 2021, and new flooring and windows in 5 of the 7 units**. Current rent roll includes several month-to-month tenancies, providing a future owner flexibility to evaluate lease terms and bring rents toward market levels as appropriate, while longer-term leases provide additional stability. Additional income/NOI potential may exist through implementation of tenant utility reimbursement or tenant-paid utility structures where legally permissible and subject to existing leases and utility configuration. Situated on approximately **0.5186 acres (22,591 SF)** with approximately **5,210 SF of building area**, the property also offers an intriguing additional development component: the front portion of the site is currently being...

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Home facts

  • Year built:1890
  • Listing ID #:10654943
  • Updated:September 28, 2026 at 09:29 AM

Rooms and interior

  • Flooring:Carpet, Vinyl, Wood

Heating and cooling

  • Cooling:Central Air, Window/Wall
  • Heating:Baseboard, Forced Hot Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1890
  • Construction Materials:Vinyl
  • Foundation Description:Crawl
  • Levels:3 Story

Schools

  • High school:Phoebus
  • Middle school:C. Alton Lindsay Middle
  • Elementary school:A.W.E. Bassette Elementary

Utilities

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

Finances and disclosures

  • Price:$725,000
  • Tax amount:$6,125

Parking

  • Parking description:Assigned/Reserved, Multi Car, Off Street, Street
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