401 Maryland Avenue, Portsmouth, VA 23707

Local realty services provided by:ERA Real Estate Professionals
401 Maryland Avenue,Portsmouth, VA 23707
$1,075,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Condominium
  • Active
Listed by: ron wilson, christian phillips
Office: inlet realty
MLS#:10610808
Source:VA_REIN

Price summary

  • Price:$1,075,000

About this home

Nicely updated brick building featuring ten 1-bedroom apartments, each approx. 724 sq ft with large, flexible rooms. Current layouts offer spacious 1BR living, but the generous square footage provides a potential value-add path to convert to 2-bedroom units (subject to zoning and approvals), creating strong upside in both rent and property value. Renovations include modern finishes, refreshed kitchens/baths, and clean common areas, making this an attractive turnkey asset today with excellent future potential. Prime Portsmouth location close to shipyards, interstates, and employment centers keeps demand strong and vacancies low. Please do not disturb residents under any circumstances.

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Home facts

  • Year built:1985
  • Listing ID #:10610808
  • Updated:February 14, 2026 at 10:20 AM

Heating and cooling

  • Cooling:Central Air
  • Heating:Heat Pump W/A, Programmable Thermostat

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1985

Schools

  • High school:Churchland
  • Middle school:Churchland Middle
  • Elementary school:Waterview Elementary

Utilities

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

Finances and disclosures

  • Price:$1,075,000
  • Tax amount:$8,503
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