9551 5th Bay Street, Norfolk, VA 23518

Local realty services provided by:ERA Real Estate Professionals
9551 5th Bay Street,Norfolk, VA 23518
$775,000
  • - Beds
  • - Baths
  • 3,050 sq. ft.
  • Multi-family
  • Active
Listed by: mel volland
Office: exp realty llc
MLS#:10607481
Source:VA_REIN

Price summary

  • Price:$775,000
  • Price per sq. ft.:$254.1

About this home

Your wealth building dream starts here! Located just blocks from the Chesapeake Bay in the vibrant East Beach neighborhood, this four unit investment property offers both lifestyle appeal and strong cashflow potential. Ideal for the savvy investor ready to leverage furnished or long-term rentals, this property positions you at the intersection of beach living and wealth building. Each unit is fully occupied, fully renovated and features a desirable layout of 2bed/1bath with open living space and W/D in each unit. Neighboring the Bay Oaks Park and the East Beach Farmers Market, the location is unbeatable! Please do not disturb tenants. Current rent roll: Unit 1 -$1400/mo lease ends 3/31/26, Unit 2 - $1,495/mo + $75/mo utility fee ($1,570 total) lease ends 5/31/2026, Unit 3 - $1,450/mo +75/mo utility fee ($1,525 total) lease ends 10/31/2026, Unit 4 - Furnished MTR $2,150/mo current guest exp 10/31/25, next guest 10/31/25-12/31/2025.

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Home facts

  • Year built:1972
  • Listing ID #:10607481
  • Updated:November 15, 2025 at 10:18 AM

Rooms and interior

  • Living area:3,050 sq. ft.

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1972
  • Building area:3,050 sq. ft.

Schools

  • High school:Lake Taylor
  • Middle school:Azalea Gardens Middle
  • Elementary school:Little Creek Elementary

Utilities

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

Finances and disclosures

  • Price:$775,000
  • Price per sq. ft.:$254.1
  • Tax amount:$5,500
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