8534 Chesapeake Boulevard, Norfolk, VA 23503

Norfolk
Local realty services provided by:ERA Real Estate Professionals
8534 Chesapeake Boulevard,Norfolk, VA 23503
$8,750,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: trey decker
Office: bhhs rw towne realty
MLS#:10614349
Source:VA_REIN

Price summary

  • Price:$8,750,000

About this home

Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.

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Home facts

  • Year built:1984
  • Listing ID #:10614349
  • Updated:March 19, 2026 at 09:20 AM

Rooms and interior

  • Flooring:Carpet, Ceramic

Heating and cooling

  • Cooling:Central Air
  • Heating:Forced Hot Air
  • Central air:Yes

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1984
  • 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 Available, Water Heater - Electric
  • Sewer:City Sewer

Finances and disclosures

  • Price:$8,750,000
  • Tax amount:$83,606

Parking

  • Parking description:Multi Car
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