About This Home

This 0-bedroom, 0-bathroom multi-family at 316 16th Street in Virginia Beach, VA is listed for $995,000 ($338 per sqft). Built in 1940, the home offers 2,946 sqft of living space on a N/A lot.

Key Features

Built in 1940

Property Details

1940

Listing Description

Rare opportunity to own a triplex in the heart of the Virginia Beach Oceanfront area. Situated on 16th Street just three blocks from the beach, this property offers exceptional flexibility for investors, owner-occupants, or those seeking income-producing potential.

The main residence features 3 bedrooms and 2 bathrooms on the first level, while the second-floor unit offers 2 bedrooms and 1 bathroom. An additional 1-bedroom, 1-bath apartment provides even more rental possibilities. Located within the Short-Term Rental Overlay District, buyers should perform their own due diligence regarding short-term rental requirements and approvals.

Enjoy close proximity to the beach, boardwalk, dining, shopping, entertainment, and everything the Oceanfront has to offer. Opportunities like this in such a desirable location are hard to find.

Monthly Cost Estimate

$5,321/mo

20% down · 6.5% · 30 years

Principal$720

Interest$4,312

Insurance$290

Estimates only. Actual payments may vary.

Location

316 16th Street

Virginia Beach, VA 23451

BEACH BOROUGH

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 316 16th Street is listed at $995,000 ($338/sqft). The estimated monthly payment is $5,321 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940.

This property is listed by Carrie Copenhaver.

Carrie Copenhaver

Agent at Iron Valley Real Estate Norfolk

316 16th Street, Virginia Beach, VA 23451