2504 Arctic AVE Virginia Beach, VA ^$ 1,200,000

2504 Arctic AVE

^$ 1,200,000

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2504 Arctic AVE

Virginia Beach, VA, 23451

^$ 1,200,000

Studio Baths0.0

Monthly Estimate*

^$ 8,288

2504 Arctic AVE, Virginia Beach, VA 23451 - Image 1

Studio

Apartment for sale in Virginia Beach, VA

for $1,200,000. This apartment was built in 1935.

Rare opportunity to acquire a 5-unit multi-family property in highly desirable Old Beach, 2 blocks from beach. Massive upside potential. Irreplaceable acquisition opportunity w/2 separate structures. 2 units positioned for immediate premium rehab & market-rent stabilization. 2 units currently available to show. 3 units are currently managed & occupied offering immediate income. 1st floor unit has 3 bedrooms/1 bath & other unit is 1 bedroom/1 bath. All other units 1 bed/1bath. Current rent roll analysis: 2 units at $995/month each, plus 401 25th St #3 (same tax parcel) at $1050/month. 3 bedroom market rate estimated $2100/mo & other unit $1100/mo. Zoned A-12 & part of Old Beach Overlay Redevelopment, not zoned for STR use.Property to be sold strictly As-Is, Where-Is. All statements regarding property features are estimates. Buyer to exercise due diligence to verify all info.

Apartment Active

Price

^$ 1,200,000

Bedrooms

Studio

Property Type

Apartment

Taxes

^$ 6,919

Style

Apartments 3+

Year Built

1935

Town/City

Virginia Beach

County/Region

Virginia Beach City

MLS | Web ID

10659207

Features

Exterior

Lot Depth 140

Lot Front 50

Siding Vinyl

Foundation Crawl Slab

Garage Y/N 0

General

Construction Frame

Heating Electric

Cooling Window/Wall

Utilities City Sewer City Water Electric Meter

Ownership Type Simple

Roof Asphalt Shingle

Parking 2 Space Driveway Spc Street

Zoning A12

Property Type Apartments 3+

Area 43 - Northeast Virginia Beach

Subdivision Name BEACH BOROUGH

Elementary School W.T. Cooke Elementary

High School First Colonial

Middle School Virginia Beach Middle

Non Non Contingent

* Excluded Features

List By

Angela Evans

Listing Agent

Swell Realty Co

Broker

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$8,865

Per Month

Monthly Principal & Interest: $8,288
Monthly Property Taxes: $577
Monthly Home Insurance: --

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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

Trends
Schools

About Virginia Beach, VA

453,794 Population

7% Since 2002

^$68,417 Median Income

37.53 Median Age

32% Households with Children

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Trends Information provided by ATTOM Data Solutions.

239066 Elementary School

239807 Middle School

First Colonial High School High School

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2504 Arctic AVE, Virginia Beach, VA, 23451 is a Apartment for sale at $1,200,000. 2504 Arctic AVE is a studio with 0.0 baths and was built in 1935. The property's zip code is 23451 which is in Virginia Beach, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

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Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.

This application does not include information on all of the properties available for sale at this time.

REIN updates its listings on a daily basis. Data last updated 10/25/2026.

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2504 Arctic AVE

Apartment for sale in Virginia Beach, VA

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