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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Multi Family Investment Properties for Sale in Newport News, VA
$ 354,900
ROI
28.6
Cash Flow/m
875- 4 Bed
- 3 Bath
- 1899 sft
181 Rexford Dr E, Newport News, VA, 23608
Rental Income
$ 250,000
ROI
27.3Cash Flow/m
528- 6 Bed
- 3 Bath
- 2376 sft
2134 Chestnut Ave, Newport News, VA, 23607
Fix & Flip
$ 120,000
ROI
35.1Cash Flow/m
513- - Bed
- - Bath
- 1188 sft
1040 28th St, Newport News, VA, 23607
$ 145,000
ROI
38.4Cash Flow/m
752- 2 Bed
- 2 Bath
- 985 sft
153G Windsor Castle Rd, Newport News, VA, 23608
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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