765 48th ST Norfolk, VA $ 1,595,000
765 48th ST
$ 1,595,000
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765 48th ST

Norfolk, VA, 23508
$ 1,595,000
Bedrooms-- Baths0.0 Sq 3,810

Monthly Estimate*

$ 11,016

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Multi-Family Home for sale in Norfolk, VA

for $1,595,000. This 3,810 square foot home was built in 1920.

Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025. Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink. Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.

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Multi-Family Active

Price

$ 1,595,000

Property Type

Multi-Family

Taxes

$ 9,826

Style

Converted S.F.

Year Built

1920

Town/City

Norfolk

County/Region

Norfolk City

MLS | Web ID

10658462

Features
Exterior
Waterfront 1
Lot Features Shed
Siding Shingle Vinyl
Foundation Basement
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General
Water Type City/County
Ownership Type Simple
Waterfront Description Bulkhead Dock Deep Water Access Deep Water Navigable River
Roof Asphalt Shingle
Zoning C-2
Style Converted S.F.
Property Type Multi Family Residential
Area 11 - West Norfolk
Subdivision Name HIGHLAND PARK - 106
Sub Type Quadruplex
New Construction Y/N 0
Elementary School Larchmont Elementary
High School Maury
Middle School Blair Middle
Non Non Contingent
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* Excluded Features
List By
Julian Rivera

Listing Agent

Iron Valley Real Est Norfolk

Broker

Affordability Calculator

$11,835
Per Month
93%
7%
0%
Monthly Principal & Interest
$11,016
Monthly Property Taxes
$819
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
238944 Elementary School
239388 Middle School
Maury High School High School

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765 48th ST, Norfolk, VA, 23508 is a Multi-Family Home for sale at $1,595,000 with 3,810 sqft. 765 48th ST has 0.0 baths and was built in 1920. The property's zip code is 23508 which is in Norfolk, VA