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Norfolk 6-Property Portfolio 6 Multifamily Properties Offered at $2,763,554 CAD in Norfolk, VA
Investment Highlights
- Centrally located
- Gross Annual Rental Income: $138,881
Executive Summary
Rare opportunity to acquire a six-property rental portfolio in Norfolk, Virginia, consisting of two duplexes and four single-family homes located in high-demand rental corridors.
This portfolio offers immediate income with long-term upside. With a diversified asset mix and strong rental demand driven by proximity to military bases, major employers, and universities, this is an ideal acquisition for investors looking to scale quickly in a stable market.
• Purchase Price: $1,995,000
• Gross Annual Rental Income: $138,881
• Strong historical occupancy
• Diversified unit mix (duplex + single-family)
• Value-add potential through rent optimization
• Portfolio scale with single acquisition
This is a strategic opportunity to acquire multiple income-producing assets in one transaction with the ability to increase returns over time.
Portfolio is being offered as a package. Financials, rent roll, and additional due diligence materials available upon request.
This portfolio offers immediate income with long-term upside. With a diversified asset mix and strong rental demand driven by proximity to military bases, major employers, and universities, this is an ideal acquisition for investors looking to scale quickly in a stable market.
• Purchase Price: $1,995,000
• Gross Annual Rental Income: $138,881
• Strong historical occupancy
• Diversified unit mix (duplex + single-family)
• Value-add potential through rent optimization
• Portfolio scale with single acquisition
This is a strategic opportunity to acquire multiple income-producing assets in one transaction with the ability to increase returns over time.
Portfolio is being offered as a package. Financials, rent roll, and additional due diligence materials available upon request.
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
Property Facts
| Price | $2,763,554 CAD | Number of Properties | 6 |
| Price / SF | $247.10 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 6.95% | Total Building Size | 11,184 SF |
| Sale Type | Investment | Total Land Area | 0.68 AC |
| Status | Active |
| Price | $2,763,554 CAD |
| Price / SF | $247.10 CAD / SF |
| Cap Rate | 6.95% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 11,184 SF |
| Total Land Area | 0.68 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 409 W 27th St, Norfolk, VA 23517 | Multifamily | 2,240 SF | 1921 | - |
| 729 W 28th St, Norfolk, VA 23508 | Multifamily | 2,240 SF | 1921 | - |
| 2815 Kimball Ter, Norfolk, VA 23504 | Multifamily | 2,178 SF | 2018 | - |
| 835 38th St, Norfolk, VA 23508 | Multifamily | 1,570 SF | 1920 | - |
| 731 W 34th St, Norfolk, VA 23508 | Multifamily | 1,500 SF | 1922 | - |
| 827 W 35th St, Norfolk, VA 23508 | Multifamily | 1,456 SF | 1917 | - |
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Presented by
Berkshire Hathaway Home Services & Select Realty
Norfolk 6-Property Portfolio
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