1075 W Ocean View AVE Norfolk, VA $ 1,350,000
1075 W Ocean View AVE
$ 1,350,000
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1075 W Ocean View AVE

Norfolk, VA, 23503
$ 1,350,000
Baths0.0

Monthly Estimate*

$ 9,324

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Studio

Apartment for sale in Norfolk, VA

for $1,350,000. This apartment was built in 1962.

Just one block from the Chesapeake Bay, 1075 W Ocean View Ave offers a rare opportunity to acquire a fully renovated, professionally managed 8-unit apartment building in one of Norfolk's most sought-after coastal rental markets. Comprised of four one-bedroom and four two-bedroom residences, the property underwent an extensive renovation in 2021, featuring modern interiors, updated building systems, mini-split HVAC throughout, repaved parking, and inviting outdoor common spaces. Additional features include 10 off-street parking spaces and an on-site laundry room. Just minutes from Naval Station Norfolk, I-64, and Ocean View's beaches, this turnkey investment combines strong in-place income with long-term upside in one of the region's most resilient multifamily corridors.

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Apartment Active

Price

$ 1,350,000

Bedrooms

Studio

Property Type

Apartment

Taxes

$ 10,990

Style

Apartments 3+

Year Built

1962

Town/City

Norfolk

County/Region

Norfolk City

MLS | Web ID

10647916

Features
Exterior
Lot Depth 151
Lot Front 75
Siding Vinyl
Foundation Crawl
Lot Dimensions 75X151X63X150
Garage Y/N 0
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General
Construction Frame
Heating Electric
Cooling Other
Utilities City Sewer City Water Electric
Ownership Type Simple
Roof Asphalt Shingle
Parking Assigned/Reserved Multi Car Driveway Spc
Zoning R-12
Property Type Apartments 3+
Area 13 - North Norfolk
Subdivision Name WILLOUGHBY BEACH
Elementary School Willoughby Elementary
High School Granby
Middle School Northside Middle School
Non Non Contingent
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* Excluded Features
List By
Trey Decker

Listing Agent

Bhhs Rw Towne Realty

Broker

Affordability Calculator

$10,240
Per Month
91%
9%
0%
Monthly Principal & Interest
$9,324
Monthly Property Taxes
$916
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
239802 Elementary School
239393 Middle School
Granby High School High School

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1075 W Ocean View AVE, Norfolk, VA, 23503 is a Apartment for sale at $1,350,000. 1075 W Ocean View AVE is a studio with 0.0 baths and was built in 1962. The property's zip code is 23503 which is in Norfolk, VA