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Lansdale Garden & Miramar Apartments 3 Multifamily Properties in Norfolk, VA

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INVESTMENT HIGHLIGHTS

  • 243 Units: A Mix of One-, Two- & Three-Bedrooms
  • Prime Location to Major Employers: Portsmouth Naval Center & Norfolk Naval Shipyard
  • Easy Access to I-64, HRBT & I-264
  • Value-Add Opportunity
  • Within 15 Minutes of Waterside District, Historic Portsmouth & Norfolk International Airport

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present the offering memorandum for Lansdale Garden & Miramar Apartments located at 2713-2719 Azalea Garden Road, 1209 Norview Avenue & 7001-7131 Sewells Point Road in Norfolk, VA 23513
The properties consist of two-hundred and forty-three-units total. There are seventy-five one-bedroom & one-bathroom units, one-hundred and eighteen two-bedroom & one-bathroom units and fifty, three-bedroom & two-bathroom units across sixteen, two story buildings built in 1964 & 1972 and situated on a cumulative 7.71+/- acres.

TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access

ANNUAL (CAD)
Gross Rental Income -
Other Income -
Vacancy Loss -
Effective Gross Income -
Net Operating Income $99,999

TAXES & OPERATING EXPENSES (ACTUAL - 2024) 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

Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 231,621 SF
Total Land Area 8.19 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Miramar Apartments
7131 Sewells Point Rd, Norfolk, VA 23513
Multifamily 155,295 SF 1976 -
Lansdale Garden Apartments
2713-2719 Azalea Garden Rd, Norfolk, VA 23513
Multifamily 62,100 SF 1964 -
Lansdale Garden Apartments
1209-1213 Norview Ave, Norfolk, VA 23513
Multifamily 14,226 SF 1984 -
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  • Listing ID: 35554707

  • Date on Market: 2025-04-18

  • Last Updated:

  • Address: Lansdale Garden & Miramar Apartments, Norfolk, VA

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