Map of Property

8-Unit Multifamily Complex

843 Jerome Avenue, Norfolk, VA 23518

  • For Sale $850,000
  • Property Type Multi-Family
  • Property Size 5,936 SF
  • Units 8
  • Lot Size 0.23 Acre
  • Year Built 1979
  • Date Updated Apr 15, 2025
Located in the Colonial Heights submarket of Norfolk.This 8-unit multifamily complex represents a great investment opportunity. With stable income, convenient locations, and significant value-add potential, it combines low vacancy rates, convenient amenities, and appreciation potential. Norfolk is situated in the heart of a region with over 1.8 million people and serves a large community of active-duty personnel and retirees. It is home to the Navy's largest concentration of naval forces. The presence of military personnel and related trades ensures a consistent demand for rental properties.
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Highlights

  • Roof replaced in 2022
  • On-street and off-street parking
  • Separately metered utilities
  • Window A/C units
  • Electric appliances

Contacts

broker
Martin Murden

S.L. Nusbaum Realty Co.

Location

Getting Around

  • Walk Score ®

    76/100 Very Walkable

  • Transit Score ®

    56/100 Good Transit

  • Bike Score ®

    50/100 Bikeable
Powered by Walk Score ®
  • City Norfolk, VA
  • Neighborhood Brentwood Forest
  • Zip Code 23518
  • Market Richmond Tidewater

Points of Interest

  • Goode

    2.99 miles

  • Beazley

    3.06 miles

  • Ballentine/Broad Creek

    4.83 miles

  • NSU

    4.97 miles

  • York Street/Freemason

    4.98 miles

  • EVMC/Fort Norfolk

    4.98 miles

  • Monticello

    4.99 miles

  • Ingleside Road

    5.12 miles

  • Harbor Park

    5.23 miles

  • Norfolk

    5.23 miles

  • Wawa

    0.38 miles

  • Walmart

    0.38 miles

  • Shell

    0.43 miles

  • 7-Eleven

    0.87 miles

  • Harris Teeter Fuel Center

    1.26 miles

  • BP

    1.78 miles

  • Tesla Supercharger

    4.41 miles

  • ChargePoint

    6.76 miles

  • Electric Vehicle Charging Station

    8.51 miles

  • Rental Car Ready Lot

    2.54 miles

  • Garage A

    2.55 miles

  • Oversized Long-Term Parking

    2.55 miles

  • Long-Term Parking

    2.56 miles

  • Garage C

    2.57 miles

  • Lot D

    2.57 miles

  • Short-Term Parking

    2.58 miles

  • Garage B

    2.59 miles

  • Short Term Parking (South Lot)

    2.71 miles

  • Rodeway Inn

    1.36 miles

  • Best Western Plus Holiday Sands Inn & Suites

    2.09 miles

  • Econo Lodge

    2.66 miles

  • Economy Motel

    3.11 miles

  • Navy Gateway Inn and Suites

    3.32 miles

  • Residence Inn Norfolk Airport Building 2

    3.33 miles

  • Residence Inn Norfolk Airport

    3.33 miles

  • Delta by Marriott Norfolk Airport

    3.40 miles

  • Home2 Suites

    3.44 miles

  • DoubleTree by Hilton Hotel Norfolk Airport

    3.53 miles

  • Burger King

    0.18 miles

  • Arby's

    0.20 miles

  • Domino's

    0.21 miles

  • Cook Out

    0.22 miles

  • Jersey Mike's Subs

    0.23 miles

  • Tropical Smoothie Cafe

    0.25 miles

  • Subway

    0.25 miles

  • Great Wall Kitchen

    0.27 miles

  • Fuddruckers

    0.29 miles

  • Wingstop

    0.30 miles

  • Ryan Academy of Norfolk

    0.03 miles

  • Crossroads Elementary School

    0.26 miles

  • Alpha Beta Cappa Academy

    0.52 miles

  • Coronado School

    0.99 miles

  • Rosemont Middle School

    1.01 miles

  • Parkdale Private School

    1.01 miles

  • Centura College

    1.03 miles

  • Norview High School

    1.14 miles

  • Junior Academy Christian School

    1.20 miles

  • Bayview Christian School

    1.20 miles

  • Nursing Mother's Lounge

    3.63 miles

  • Children's Harbor

    4.02 miles

  • Bayside Village Day School

    5.94 miles

  • Rainbow Preschool - Childcare Center

    6.87 miles

  • Happyland Day Care Center

    7.01 miles

  • Child Development Center

    7.05 miles

  • Baylake Academy

    7.12 miles

  • Forever Young Montessori School and Child Care Center

    7.42 miles

  • Quality Day Care

    7.57 miles

  • Young Minds on the Rise Preschool

    7.71 miles

Frequently Asked Questions

How much does 8-Unit Multifamily Complex cost?

The space currently listed for sale at 8-Unit Multifamily Complex asks for $850,000.

What is the total square footage of 8-Unit Multifamily Complex?

8-Unit Multifamily Complex totals 5,936 square feet.

When was this property built?

8-Unit Multifamily Complex was built in 1979.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Martin Murden

S.L. Nusbaum Realty Co.

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