367 Middle Street, Portsmouth, VA 23704

Portsmouth
Local realty services provided by:ERA Real Estate Professionals
367 Middle Street,Portsmouth, VA 23704
$625,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: alex winfield
Office: coastal group inc.
MLS#:10638682
Source:VA_REIN

Price summary

  • Price:$625,000

About this home

Rare opportunity to acquire a well-maintained 5-unit multifamily property in the heart of Portsmouth's highly sought-after Olde Towne Historic District. The property consists of two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, offering an attractive unit mix that appeals to a broad tenant base. Positioned in one of Hampton Roads' most desirable neighborhoods, the property is just blocks from the Elizabeth River waterfront, Portsmouth-Norfolk Ferry, restaurants, coffee shops, museums, parks, and entertainment venues. Surrounded by major employment centers including Naval Medical Center Portsmouth, Norfolk Naval Shipyard, and Rivers Casino Portsmouth, the asset benefits from strong and consistent rental demand. Select units convey furnished, creating additional upside through furnished, mid-term, or executive rental strategies. Combining stable cash flow, a proven rental history, limited local multifamily inventory, and long-term appreciation potential, this turnkey asset...

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Home facts

  • Year built:1852
  • Listing ID #:10638682
  • Updated:September 17, 2026 at 09:21 AM

Rooms and interior

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

Heating and cooling

  • Cooling:Central Air, Window/Wall
  • Heating:Heat Pump W/A
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:1852
  • Construction Materials:Brick
  • Foundation Description:Basement
  • Levels:2 Story

Schools

  • High school:IC Norcom
  • Middle school:Churchland Middle
  • Elementary school:Park View Elementary

Utilities

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

Finances and disclosures

  • Price:$625,000
  • Tax amount:$7,394

Parking

  • Parking description:Off Street
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