Condo Investment Properties for Sale in Norfolk, VA

Property at 255 College Cros APT 53, Norfolk, VA
Listed for sale 2 days ago
$ 335,000
ROI
20.9ROI percentage
Cash Flow/m
Dollar sign109
  • 2 Bed
  • 2 Bath
  • 1390 sft
255 College Cros APT 53, Norfolk, VA, 23510
Property at 800 Graydon Ave APT B2, Norfolk, VA
Listed for sale 2 days ago
$ 389,900
ROI
20.4ROI percentage
Cash Flow/m
Dollar sign69
  • 3 Bed
  • 2 Bath
  • 1915 sft
800 Graydon Ave APT B2, Norfolk, VA, 23507
Property at 415 Saint Pauls Blvd Unit 502, Norfolk, VA
Listed for sale 3 days ago
$ 250,000
ROI
23.0ROI percentage
Cash Flow/m
Dollar sign222
  • 1 Bed
  • 1 Bath
  • 966 sft
415 Saint Pauls Blvd Unit 502, Norfolk, VA, 23510
Property at 8530 Tidewater Dr APT 301, Norfolk, VA
Listed for sale 4 days ago
$ 189,900
ROI
21.5ROI percentage
Cash Flow/m
Dollar sign91
  • 2 Bed
  • 2 Bath
  • 1149 sft
8530 Tidewater Dr APT 301, Norfolk, VA, 23503

Why Invest in Norfolk, Virginia?

Norfolk, VA offers strong opportunities for condo investors seeking steady rental income near military bases and the port. The city's renter-occupied housing supports reliable cash flow, with average rents around $1,500 monthly. Cap rates hover at 6-7%, bolstered by appreciation of 3-5% annually. Proximity to Naval Station Norfolk drives demand from transient renters. Low vacancy rates under 5% make condos a resilient investment choice.

8.2%
Avg. ROI
6.8%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1520/mo
Avg. Rent
4.1%
1Y Appreciation

Frequently Asked Questions

Yes, high renter occupancy near military bases ensures steady demand. Average yields of 6-7% outperform many markets. Low maintenance appeals to investors.

Find Your Perfect Investment Property in Norfolk, Virginia

Explore investment opportunities by strategy, performance, or property type

Buy & Hold Rentals in Norfolk, VA
Fix and Flip Properties in Norfolk, VA
Short-Term Rental Properties in Norfolk, VA
AI