230 E 40th Street — Sale in Norfolk, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Norfolk, VA 23504

Investment Figures

Cap rate
6.58%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Woodrow Court, a 16-unit multifamily community located at 230 East 40th Street in Norfolk, Virginia. The property consists of one four-story building constructed in 1918 and situated on approximately ±0.329 acres. Woodrow Court is comprised entirely of spacious two-bedroom, two-bathroom units, offering an attractive unit mix well suited to today’s renter demand. Investment Highlights: • Historic Ghent Neighborhood • Condo Finishes, Metered for Water & Sewer Separately • Unique 2-Bed & 2-Bath Layouts, Ideal for Roommates & Students • Below Market Rents

Market Context

This multifamily in Norfolk, VA is listed for sale. It is offered at an approximate 6.6% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 99 days. Compare it against other multifamily listings for sale in Norfolk, VA — view the full market.

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