USAVANorfolkOcean View East1957 E Ocean View Ave
Listing image | Image 1

1957 E Ocean View Ave, Norfolk, VA

House

For Sale

Listed price in listed location currency (USD).
$700,000

000

MLS® 10643752

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size -
Garage 
Taxes $6,540
Days Active 40
Lot Size 
Approx. Age 1962
MLS® Number 10643752

Property Address: 1957 E Ocean View Ave, Norfolk, VA, 23503-2527

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment opportunity in Norfolk’s Cottage Line neighborhood of Ocean View, just across the street from the Chesapeake Bay. This all-brick, 3, 175-square-foot building offers five apartments: four 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, plus a detached income-producing garage and off-street parking. Current gross rental income is $6, 475/month ($77, 700/year), with potential for additional growth as units turn over. Unit E was recently renovated with an updated kitchen and bath, luxury vinyl plank flooring and fresh paint, providing a proven model for future improvements. Each apartment is separately metered for electricity, paid by the tenants. Owner pays gas, water, sewer and trash, averaging approximately $500–$700/month. Unit C has washer/dryer hookups. High-elevation lot with no flood insurance required. All apartments and the garage are currently occupied. Commercial financing is typically required for properties with five or more units.
MLS® Number10643752
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1962
Basement
DrivewayLot, Close to Mass Transit, Multi Car, Off Street
Garage Spaces
HeatNat Gas
A/CWindow/Wall

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 10, 2026List Date
$700,000List Price
  • Commute

Commute

Starting Address
Destination Address
1957 E Ocean View Ave, Norfolk, VA

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