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Islander Apartments 1221 Poquoson Ave 13 Unit Apartment Building $2,742,666 CAD ($210,974 CAD/Unit) Poquoson, VA 23662
EXECUTIVE SUMMARY
Rare opportunity to acquire a 13-unit income-producing property situated on 2.08 acres in the heart of Poquoson. The
asset includes an 8-unit apartment complex, two duplex buildings (4 units), and one single-family cottage, offering a
diversified unit mix and multiple income streams within a single acquisition. Offered at $1,995,000, this property
provides scale, land, and long-term upside in a market with limited multifamily supply. The expansive parcel supports
value-add potential through operational improvements, rent optimization, or future redevelopment strategies. Public
water, sewer, and utilities are available. Strategically located along Poquoson Avenue with convenient access to major
routes, employment centers, and daily amenities. Great for investors seeking a stable asset with land, unit density, and
strong fundamentals in a resilient Hampton Roads submarket. Financials and additional details available upon request.
Private tours by appointment only.
asset includes an 8-unit apartment complex, two duplex buildings (4 units), and one single-family cottage, offering a
diversified unit mix and multiple income streams within a single acquisition. Offered at $1,995,000, this property
provides scale, land, and long-term upside in a market with limited multifamily supply. The expansive parcel supports
value-add potential through operational improvements, rent optimization, or future redevelopment strategies. Public
water, sewer, and utilities are available. Strategically located along Poquoson Avenue with convenient access to major
routes, employment centers, and daily amenities. Great for investors seeking a stable asset with land, unit density, and
strong fundamentals in a resilient Hampton Roads submarket. Financials and additional details available upon request.
Private tours by appointment only.
PROPERTY FACTS
| Price | $2,742,666 CAD | Apartment Style | Garden |
| Price Per Unit | $210,974 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 2.20 AC |
| Sale Condition | Building in Shell Condition | Building Size | 8,850 SF |
| No. Units | 13 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 2.03/1,000 SF |
| Zoning | R-3 | ||
| Price | $2,742,666 CAD |
| Price Per Unit | $210,974 CAD |
| Sale Type | Investment |
| Sale Condition | Building in Shell Condition |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 8,850 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.03/1,000 SF |
| Zoning | R-3 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Storage Space
- Washer/Dryer Hookup
- Hardwood Floors
- Carpet
- Yard
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 21-01-00-0118 | Improvements Assessment | $831,873 CAD |
| Land Assessment | $241,272 CAD | Total Assessment | $1,073,145 CAD |
PROPERTY TAXES
Parcel Number
21-01-00-0118
Land Assessment
$241,272 CAD
Improvements Assessment
$831,873 CAD
Total Assessment
$1,073,145 CAD
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Islander Apartments | 1221 Poquoson Ave
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