# 1315 Little Bay Avenue, Norfolk, VA 23503

> **TL;DR:** single family, $1,500,000, built 1979. Est. $6,500/mo. Listed 136 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,500,000 |
| Year Built | 1979 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 136 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,500 |
| **Total** | **$6,500** |

## Nearby Schools

- **Elementary:** Ocean View Elementary
- **Middle:** Northside Middle School

## Property Highlights

- Built in 1979

## Description

### Agent Description
Value-add 12-unit multifamily opportunity: (12) 2-bedroom apartments at 1315 Little Bay Ave with an all-2BR unit mix. Minutes to local beaches with quick access to the interstate and major military bases. Solid brick exterior with strong curb appeal and excellent interstate visibility in a high-traffic corridor. Rents are currently below market, while unit turnovers are in progress-creating a near-term runway to renovate, raise rents, and capture upside without betting on heavy lease-up (vacancy has remained low). On-site common-area laundry adds convenience and potential ancillary income. Pro forma upside through rent lifts and continued unit refreshes. Ideal for an investor seeking stable in-place cash flow plus straightforward value-creation levers.

## Location

- **Address:** 1315 Little Bay Avenue, Norfolk, VA 23503
- **County:** Norfolk VA
- **Neighborhood:** WILLOUGHBY BEACH
- **Coordinates:** 36.965908, -76.288734
- **Google Maps:** https://www.google.com/maps?q=36.965908,-76.288734

## Listing Agent

- **Name:** Christian Phillips
- **Brokerage:** Inlet Realty
- **Phone:** (757) 675-5164
- **Email:** christian@inletrealty.com

## Primary Photo

![1315 Little Bay Avenue - Primary Photo](http://lh.rdcpix.com/89101fa803885c00855a06d4ef3087d3l-f3624295078r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/1315-little-bay-avenue-norfolk-va-23503-10616857)*

---

**MLS#:** 10616857 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1315-little-bay-avenue-norfolk-va-23503-10616857)

---

## Structured Data

```json
{
  "@context": "https://schema.org",
  "@type": "RealEstateListing",
  "name": "1315 Little Bay Avenue, Norfolk, VA 23503",
  "description": "Value-add 12-unit multifamily opportunity: (12) 2-bedroom apartments at 1315 Little Bay Ave with an all-2BR unit mix. Minutes to local beaches with quick access to the interstate and major military bases. Solid brick exterior with strong curb appeal and excellent interstate visibility in a high-traffic corridor. Rents are currently below market, while unit turnovers are in progress-creating a near-term runway to renovate, raise rents, and capture upside without betting on heavy lease-up (vacancy",
  "url": "https://www.propertysimple.com/listing/1315-little-bay-avenue-norfolk-va-23503-10616857",
  "image": "http://lh.rdcpix.com/89101fa803885c00855a06d4ef3087d3l-f3624295078r.jpg",
  "datePosted": "2026-06-19",
  "price": 1500000,
  "priceCurrency": "USD",
  "address": {
    "@type": "PostalAddress",
    "streetAddress": "1315 Little Bay Avenue",
    "addressLocality": "Norfolk",
    "addressRegion": "VA",
    "postalCode": "23503",
    "addressCountry": "US"
  },
  "geo": {
    "@type": "GeoCoordinates",
    "latitude": 36.965908,
    "longitude": -76.288734
  },
  "yearBuilt": 1979
}
```