1315 Little Bay Avenue, Norfolk, VA 23503

Norfolk
Local realty services provided by:ERA Real Estate Professionals
1315 Little Bay Avenue,Norfolk, VA 23503
$1,500,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: christian phillips
Office: inlet realty
MLS#:10616857
Source:VA_REIN

Price summary

  • Price:$1,500,000

About this home

Value-add 12-unit multifamily opportunity: (12) 2-bedroom apartments at 1315 Little Bay Ave with an all-2BR unit mix. Minutes to local beaches with quick access to the interstate and major military bases. Solid brick exterior with strong curb appeal and excellent interstate visibility in a high-traffic corridor. Rents are currently below market, while unit turnovers are in progress—creating a near-term runway to renovate, raise rents, and capture upside without betting on heavy lease-up (vacancy has remained low). On-site common-area laundry adds convenience and potential ancillary income. Pro forma upside through rent lifts and continued unit refreshes. Ideal for an investor seeking stable in-place cash flow plus straightforward value-creation levers.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1979
  • Listing ID #:10616857
  • Updated:June 18, 2026 at 09:19 AM

Rooms and interior

  • Flooring:Carpet, Laminate/LVP

Heating and cooling

  • Cooling:Window/Wall
  • Heating:Baseboard, Heat Pump W/A

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1979
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Granby
  • Middle school:Northside Middle School
  • Elementary school:Ocean View Elementary

Utilities

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

Finances and disclosures

  • Price:$1,500,000
  • Tax amount:$13,123

Parking

  • Parking description:Lot, Off Street, Street
The listings data displayed on this medium comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. 2026 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: June 18, 2026 This application does not include information on all of the properties available for sale at this time. Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions. 2026 REIN, Inc. Information Deemed Reliable But Not Guaranteed.

New listings near 1315 Little Bay Avenue