8-Unit Multifamily Complex
$850,000
843 Jerome Avenue, Norfolk, VA 23518
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 04/18/2025
5,936 sqft
Building Size
0.23 acres
Lot Area
Details:
Building Size: 5,936 sqft
Lot Area: 0.23 acres
Units: 8
Year Built: 1979
Floors: 2
Highlights:
- Roof replaced in 2022
- On-street and off-street parking
- Separately metered utilities
- Window A/C units
- Electric appliances
Description:
This 8-unit multifamily complex represents a great investment opportunity. With stable income, convenient locations, and significant value-add potential, it combines low vacancy rates, convenient amenities, and appreciation potential. Norfolk is situated in the heart of a region with over 1.8 million people and serves a large community of active-duty personnel and retirees. It is home to the Navy's largest concentration of naval forces. The presence of military personnel and related trades ensures a consistent demand for rental properties.
Located in the Colonial Heights submarket of Norfolk.
Documents:
| Title | ||
|---|---|---|
| 843_Jerome_Avenue_Flyer.pdf |
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Location
