Multi Family Investment Properties for Sale in Newport News, VA
Listed for sale 5 days ago
$ 453,911
ROI
23.7
Cash Flow/m
497- 4 Bed
- 4 Bath
- 2308 sft
Oliver - Build on Your Lot Plan, Newport News, VA - Sales Office, Newport News, VA, 23602
Rental Income
Listed for sale 5 days ago
$ 236,000
ROI
29.9Cash Flow/m
666- 2 Bed
- 1 Bath
- 1200 sft
739 18th St, Newport News, VA, 23607
Fix & Flip
$ 120,000
ROI
35.9Cash Flow/m
538- 5 Bed
- 2 Bath
- 1656 sft
1123 28th St, Newport News, VA, 23607
$ 194,900
ROI
34.6Cash Flow/m
803- 4 Bed
- 2 Bath
- 1200 sft
1038 28th St, Newport News, VA, 23607
Why Invest in Newport News, Virginia?
Multi-family properties in Newport News, VA offer strong investment potential with steady rental demand driven by the local shipyard and military presence. Average rents around $1,400 support solid cash flows, while cap rates hover at 6-7%. Annual appreciation of 5% and high renter occupancy near 45% make it attractive for passive income. Low vacancy and growing employment bolster long-term returns in this Hampton Roads gem.
8.5%
Avg. ROI
6.8%
Rental Yield
6.5%
Cap Rate
$1250/mo
Avg. Cash Flow
$1400/mo
Avg. Rent
5.2%
1Y Appreciation
Frequently Asked Questions
Multi-family properties benefit from high renter demand due to shipyard jobs and military presence. Steady appreciation around 5% and cap rates of 6.5% provide reliable returns. Low vacancy supports consistent cash flow.
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