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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.
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
Monthly Cost Estimate
$5,749/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
401 Maryland Avenue
Portsmouth, VA 23707
PORT NORFOLK
Features & Amenities
Interior Features
Property Details
Flooring
Parking
Heating
Cooling
Appliances
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.





