About This Home

This 0-bedroom, 0-bathroom multi-family at 765 48th Street in Norfolk, VA is listed for $1,595,000 ($419 per sqft). Built in 1920, the home offers 3,810 sqft of living space on a N/A lot.

Key Features

  • Built in 1920
  • Waterfront

Property Details

1920

Amenities

Waterfront
Listing Description

Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025.

Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink.

Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.

Monthly Cost Estimate

$8,530/mo

20% down · 6.5% · 30 years

Principal$1,154
Interest$6,912
Insurance$465

Estimates only. Actual payments may vary.

Location

765 48th Street

Norfolk, VA 23508

HIGHLAND PARK - 106

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 765 48th Street is listed at $1,595,000 ($419/sqft). The estimated monthly payment is $8,530 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, Waterfront.

This property is listed by Julian Rivera.

JR

Julian Rivera

Agent at Iron Valley Real Estate Norfolk

Listed by Iron Valley Real Estate Norfolk · Broker phone: (757) 900-4873 · Broker website

MLS# 10658462· Source: Real Estate Information Network, Inc.· 13 days on PropertySimple

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.

765 48th Street, Norfolk, VA 23508

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