131 Hough AVE, Norfolk, VA 23523

Multi-Family Home
Built in 1919
—— sqft lot
—— car garage
$——/sqft
Listed 1 month ago

Property Description

Investor-ready 6-unit, 6,867 SF apartment building in Norfolk with updated systems and strong income potential. Each 2–3BR/1BA unit is approx. 1,040 SF with living room, kitchen, and laundry. All units have been renovated—Unit 3 just completed and is move-in ready. Recent upgrades include a new roof (2021), six HVAC units, three tankless water heaters, LED-lit common areas, and updated windows. Crawlspace/basement features a new vapor barrier and is in excellent condition. Property includes balconies, storage, and separate meters. Current rent is $5,500/mo with full market potential of $6,600/mo once fully occupied. Units 4–6 have converted sitting rooms offering 3BR layouts to boost ROI. Professional property management currently in place and available for seamless ownership transition. Convenient to downtown, military bases, and transit. Turnkey investment offering strong cash flow and long-term stability in a growing rental market.

Listing Status:: Pending
Listing Office:: Seaside Realty : 757-932-8701
Listing Agent:: Micah Lee :
MLS ID:: 10585267

This listing courtesy of Micah Lee, Seaside Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

St. Helena Elementary School

903 S Main St, Norfolk, VA, 23523

Grades PK-5

0.40 miles away

Blair Middle School

730 Spotswood Ave, Norfolk, VA, 23517

Grades 6-8

2.41 miles away

Booker T. Washington High School

1111 Park Ave, Norfolk, VA, 23504

Grades 9-12

1.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.