8-Unit Multifamily Portfolio

2400 Ballentine Blvd, 3218 & 3224 Flanders Ave., Norfolk, VA 23509

  • For Sale Subject to Offer
  • Property Type Multi-Family
  • Property Size 5,126 SF
  • Units 2
  • Lot Size 0.12 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1940
  • Date Updated Sep 12, 2024
Approximately 5,126 SF on 0.1177 AC located at 2400 Ballentine Blvd., Norfolk, VA 23509; Approximately 8,364 SF on 0.192 AC located at 3218 Flanders Avenue, Norfolk, VA 23509; and Approximately 6,017 SF on 0.1381 AC located at 3224 Flanders Avenue., Norfolk, VA 23509;This 8-unit multi-family portfolio, comprising two duplexes and one quadplex, represents a compelling 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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Attachments

Highlights

  • Value- Add Opportunity with immediate rent growth and additional income potential through minor interior upgrades.
  • Proximity to schools, shopping centers, public transport, and employment hubs.
  • Consistent rental income with strong tenant retention
  • Month-to-month tenants offer flexibility for buyers

Contacts

broker

Martin Murden

S.L. Nusbaum Realty Co.

Location

Getting Around

  • Walk Score ®

    32/100 Car-Dependent

  • Transit Score ®

    40/100 Some Transit

  • Bike Score ®

    43/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Norfolk, VA
  • Neighborhood Ballentine Place
  • Zip Code 23509
  • Market Richmond Tidewater

Points of Interest

  • Beazley

    1.70 miles

  • Goode

    1.81 miles

  • MacArthur Square

    2.48 miles

  • Military Highway

    2.60 miles

  • Newtown Road

    3.70 miles

  • BP

    0.77 miles

  • BP

    0.81 miles

  • Citgo

    0.92 miles

  • Shell

    2.16 miles

  • 7-Eleven

    2.17 miles

  • Wawa

    2.29 miles

  • Shell

    2.39 miles

  • BP

    2.47 miles

  • Berkley Valero

    2.88 miles

  • Miller Mart #16

    3.06 miles

  • Residential Parking

    1.09 miles

  • Faculty Parking

    1.17 miles

  • Reserved

    1.19 miles

  • Reserved

    1.20 miles

  • Faculty Parking

    1.31 miles

  • Resident Parking

    1.35 miles

  • Visitor Parking

    1.61 miles

  • HRT Parking Deck

    1.79 miles

  • Bank Street Garage

    2.26 miles

  • City Hall South Garage

    2.29 miles

  • Candlewood Suites Norfolk Airport

    2.00 miles

  • Wyndham Garden Norfolk Downtown

    2.07 miles

  • Holiday Inn Express & Suites Norfolk Airport

    2.16 miles

  • La Quinta Inn & Suites Norfolk Airport

    2.21 miles

  • Home2 Suites

    2.29 miles

  • Econo Lodge

    2.32 miles

  • Motel 6

    2.35 miles

  • Courtyard by Marriott Norfolk Downtown

    2.37 miles

  • Residence Inn by Marriott Norfolk Downtown

    2.38 miles

  • Clarion James Madison

    2.38 miles

  • Waffle House

    0.29 miles

  • Los Primos

    0.38 miles

  • Rally's

    1.10 miles

  • Golden City

    1.70 miles

  • McDonald's

    1.83 miles

  • Cook Out

    1.88 miles

  • Captain D's

    1.88 miles

  • KFC

    1.89 miles

  • Taco Bell

    1.89 miles

  • IHOP

    1.90 miles

  • Ballentine School

    0.10 miles

  • Bowling Park Elementary School

    0.51 miles

  • Coleman Place Elementary School

    0.63 miles

  • Roberts Park Elementary School

    0.81 miles

  • Jacox Elementary School

    0.95 miles

  • Ingleside Elementary School

    1.01 miles

  • Sherwood Forest Elementary School

    1.08 miles

  • Lindenwood Elementary School

    1.11 miles

  • Pineridge School

    1.12 miles

  • Booker Taliaferro Washington High School

    1.22 miles

  • Children's Harbor

    2.09 miles

  • Nursing Mother's Lounge

    3.07 miles

  • Happyland Day Care Center

    3.49 miles

  • Quality Day Care

    4.02 miles

  • Day Care Child Dev Tidewater L/h

    4.19 miles

  • Young Minds on the Rise Preschool

    4.28 miles

  • Basics Primary School & Daycare

    6.13 miles

  • Bayside Village Day School

    6.22 miles

  • Rainbow Preschool - Childcare Center

    6.43 miles

  • Forever Young Montessori School and Child Care Center

    6.50 miles

Frequently Asked Questions

How much does 8-Unit Multifamily Portfolio cost?

The sale price for 8-Unit Multifamily Portfolio is available upon request. Contact the listing broker for more information.

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

8-Unit Multifamily Portfolio totals 5,126 square feet.

When was this property built?

8-Unit Multifamily Portfolio was built in 1940.

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Contact Listing Broker

broker

Martin Murden

S.L. Nusbaum Realty Co.