1957 E Ocean View Avenue, Norfolk, VA 23503

Norfolk
Local realty services provided by:ERA Real Estate Professionals
1957 E Ocean View Avenue,Norfolk, VA 23503
$700,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: katie howlett, ashley link
Office: bhhs rw towne realty
MLS#:10643752
Source:VA_REIN

Price summary

  • Price:$700,000

About this home

Exceptional investment opportunity in Norfolk's sought-after Cottage Line neighborhood of Ocean View, just across the street from the Chesapeake Bay. This all-brick, 3,175 sq. ft. apartment building features five units, including four 1-bedroom, 1-bath apartments and one 2-bedroom, 2-bath apartment. Situated on a high-elevation lot, the property does not require flood insurance and includes a detached garage generating additional rental income, plus an off-street parking lot at 1957 E. Ocean View Ave. Each unit is separately metered for electricity, with tenants paying their own electric. When fully leased, the property generates $5,775 per month in apartment rental income, plus an additional $600 per month from the detached garage. Unit E has been updated with new luxury vinyl plank flooring, an updated kitchen, and a refreshed bathroom, and is currently vacant for immediate showings. Occupied units require a minimum of 24 hours' notice.

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Home facts

  • Year built:1962
  • Listing ID #:10643752
  • Updated:July 20, 2026 at 09:21 AM

Rooms and interior

  • Flooring:Laminate/LVP
  • Kitchen Description:5 Range(s), 5 Refrigerator(s)

Heating and cooling

  • Cooling:Window/Wall
  • Heating:Natural Gas

Structure and exterior

  • Roof:Poly Skin
  • Year built:1962
  • Construction Materials:Brick
  • Foundation Description:Slab
  • Levels:2 Story

Schools

  • High school:Norview
  • Middle school:Azalea Gardens Middle
  • Elementary school:Bay View Elementary

Utilities

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

Finances and disclosures

  • Price:$700,000
  • Tax amount:$6,540

Parking

  • Parking description:Lot, Multi Car, Off Street
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