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2811-2815 Colonial Ave & 509 W 29th St 2 Multifamily Properties Offered at $3,056,240 CAD in Norfolk, VA
Investment Highlights
- SFH + Retail + 11 units: A mix of one and two-bedrooms units.
- Mixed-use income diversity.
- Significant rental upside.
- Walking distance to major demand drivers.
Executive Summary
Marcus & Millichap is pleased to offering memorandum for 2811-2815 Colonial Avenue & 509 w 29th Street located in Norfolk, VA.
The property consists of eleven units, a SFH and a retail space. There are eight, one-bedroom & one-bathroom units, three two-bedroom & one-bathroom units and a retail space.. 2811-2815 Colonial Avenue & 509 W 29th Street were built in 1910 and 1981 and situated on 0.86 ac.
The property consists of eleven units, a SFH and a retail space. There are eight, one-bedroom & one-bathroom units, three two-bedroom & one-bathroom units and a retail space.. 2811-2815 Colonial Avenue & 509 W 29th Street were built in 1910 and 1981 and situated on 0.86 ac.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
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| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $3,056,240 CAD | Number of Properties | 2 |
| Price / SF | $207.46 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 5.07% | Total Building Size | 14,732 SF |
| Sale Type | Investment | Total Land Area | 0.34 AC |
| Status | Active |
| Price | $3,056,240 CAD |
| Price / SF | $207.46 CAD / SF |
| Cap Rate | 5.07% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 14,732 SF |
| Total Land Area | 0.34 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2811-2815 Colonial Ave, Norfolk, VA 23508 | Multifamily | 13,500 SF | 1910 | - |
| 509 W 29th St, Norfolk, VA 23508 | Multifamily | 1,232 SF | 2000 | - |
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2811-2815 Colonial Ave & 509 W 29th St
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