# 2500 Leo Street, Norfolk, VA 23504 > **TL;DR:** single family, $2,550,000, built 1969. Est. $13,638/mo. Listed 352 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $2,550,000 | | Year Built | 1969 | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 352 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $12,894 | | Estimated Insurance | $744 | | **Total** | **$13,638** | ## Nearby Schools - **Elementary:** Lindenwood Elementary - **Middle:** Norview Middle ## Property Highlights - Built in 1969 ## Description ### Agent Description 2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of "meat on the bone." The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates. Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level ## Location - **Address:** 2500 Leo Street, Norfolk, VA 23504 - **County:** Norfolk VA - **Neighborhood:** VILLA HEIGHTS - **Coordinates:** 36.870377, -76.276115 - **Google Maps:** https://www.google.com/maps?q=36.870377,-76.276115 ## Listing Agent - **Name:** Christian Phillips - **Brokerage:** Inlet Realty and Property Management, inc - **Broker Phone:** (757) 675-5164 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2500-Leo-St_Norfolk_VA_23504_M97127-62748?f=listhub&s=REINVA&m=10610417&c=propsimple) ## Photos ![2500 Leo Street - Photo 1](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f3388156177r.jpg) ![2500 Leo Street - Photo 2](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f530496235r.jpg) ![2500 Leo Street - Photo 3](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f4162813845r.jpg) ![2500 Leo Street - Photo 4](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f471430901r.jpg) ![2500 Leo Street - Photo 5](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f3463085606r.jpg) ![2500 Leo Street - Photo 6](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f467437450r.jpg) ![2500 Leo Street - Photo 7](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f4111678600r.jpg) ![2500 Leo Street - Photo 8](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f708830763r.jpg) ![2500 Leo Street - Photo 9](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f1401889651r.jpg) ![2500 Leo Street - Photo 10](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f3842459921r.jpg) ![2500 Leo Street - Photo 11](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f1839743505r.jpg) ![2500 Leo Street - Photo 12](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f2237428566r.jpg) ![2500 Leo Street - Photo 13](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f3517388001r.jpg) ![2500 Leo Street - Photo 14](http://lh.rdcpix.com/eb89c4bc1b901d166b05b80d6d3f6940l-f3194749325r.jpg) --- **MLS#:** 10610417 | **Updated:** 2026-10-21 **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.ai/listing/2500-leo-street-norfolk-va-23504-cbd08d8f9d4f437190bcf7b08867e3cb) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2500-leo-street-norfolk-va-23504-cbd08d8f9d4f437190bcf7b08867e3cb#listing", "url": "https://www.propertysimple.ai/listing/2500-leo-street-norfolk-va-23504-cbd08d8f9d4f437190bcf7b08867e3cb", "name": "2500 Leo Street, Norfolk, VA 23504", "description": "2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of \"meat on the bone.\" The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. 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