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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 2 days ago
$ 170,000
ROI
26.5
Cash Flow/m
318- 1 Bed
- 1 Bath
- 400 sft
215 Brooke Ave APT 311, Norfolk, VA, 23510
Listed for sale 3 days ago
$ 225,000
ROI
27.5Cash Flow/m
481- 1 Bed
- 1 Bath
- 1026 sft
504 E Freemason St APT 3B, Norfolk, VA, 23510
Listed for sale 3 days ago
$ 310,000
ROI
25.5Cash Flow/m
493- 2 Bed
- 2 Bath
- 1144 sft
7922 Shore Dr, Norfolk, VA, 23518
Listed for sale 3 days ago
$ 198,000
ROI
24.9Cash Flow/m
281- 1 Bed
- 1 Bath
- 736 sft
913 Spotswood Ave #1, Norfolk, VA, 23517
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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