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About This Home

This 0-bedroom, 0-bathroom multi-family at 401 Maryland Avenue in Portsmouth, VA is listed for $1,075,000. Built in 1985, on a N/A lot.

Agent Description

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.

Key Features

  • Built in 1985
  • 2 stories

Property Details

2 stories
1985

Monthly Cost Estimate

$5,749/mo

20% down · 6.5% · 30 years

Principal$777
Interest$4,658
Insurance$314

Estimates only. Actual payments may vary.

Location

401 Maryland Avenue

Portsmouth, VA 23707

PORT NORFOLK

Features & Amenities

Interior Features

Window Treatments

Property Details

Flooring

Laminate

Parking

Off Street

Heating

Heat Pump (Heating)

Cooling

Central Air

Appliances

DishwasherDryerGarbage DisposerRangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 401 Maryland Avenue is listed at $1,075,000. The estimated monthly payment is $4,658 based on 20% down at 6.5% interest.

Key features include: Built in 1985, 2 stories. Interior Features: Window Treatments.

This property is listed by Christian Phillips and can be reached at 7576755164 or christian@inletrealty.com.

CP

Christian Phillips

Agent at Inlet Realty

(757) 675-5164

Listed by Inlet Realty · View on Broker Site

MLS# 10610808· Source: listhub· Updated 194 days ago

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401 Maryland Avenue, Portsmouth, VA 23707

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