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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in Norfolk, VA
Listed for sale 1 day ago
$ 195,000
ROI
27.7
Cash Flow/m
429- 1 Bed
- 1 Bath
- 657 sft
407 Warren Cres APT 1, Norfolk, VA, 23507
Listed for sale 1 day ago
$ 175,000
ROI
19.9Cash Flow/m
8- 1 Bed
- 1 Bath
- 647 sft
407 Warren Cres APT 2, Norfolk, VA, 23507
Listed for sale 2 days ago
$ 315,000
ROI
25.4Cash Flow/m
494- 3 Bed
- 2 Bath
- 1588 sft
600 W Olney Rd #303, Norfolk, VA, 23507
Listed for sale 2 days ago
$ 240,000
ROI
29.0Cash Flow/m
620- 3 Bed
- 3 Bath
- 1540 sft
8550 Tidewater Dr APT C2, 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.
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