Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Newport News, VA
Listed for sale 2 days ago
$ 264,900
ROI
26.6
Cash Flow/m
502- 3 Bed
- 2 Bath
- 1606 sft
823 Miller Creek Ln, Newport News, VA, 23602
Listed for sale 2 days ago
$ 179,900
ROI
20.4Cash Flow/m
33- 2 Bed
- 2 Bath
- 1120 sft
802 Horizon Ln, Newport News, VA, 23602
Listed for sale 2 days ago
$ 169,990
ROI
22.3Cash Flow/m
122- 2 Bed
- 2 Bath
- 960 sft
566 Candle Ln APT 301, Newport News, VA, 23608
Fix & Flip
Motivated Seller
Listed for sale 2 days ago
$ 220,000
ROI
27.6Cash Flow/m
479- 2 Bed
- 2 Bath
- 1080 sft
706 River Rock Way Ste 110, Newport News, VA, 23608
Why Invest in Newport News, Virginia?
Newport News, VA offers strong potential for condo investors seeking steady rental income in a revitalizing market. Proximity to major shipyards and military bases drives consistent demand from renters. Average rents hover around $1,500 monthly with cap rates near 6-7%. Annual appreciation of 5-7% supports long-term equity growth. Low vacancy rates under 5% ensure reliable cash flow. Hampton Roads infrastructure investments enhance property values.
8.5%
Avg. ROI
6.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
6.2%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields around 6% due to demand from shipyard workers and military personnel. Low vacancy rates and steady appreciation make them reliable. Focus on City Center for best returns.
Find Your Perfect Investment Property in Newport News, Virginia
Explore investment opportunities by strategy, performance, or property type
