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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
$ 295,000
ROI
24.8
Cash Flow/m
415- 3 Bed
- 1 Bath
- 1134 sft
1111 Redgate Ave, Norfolk, VA, 23507
Listed for sale 3 days ago
$ 255,000
ROI
25.6Cash Flow/m
411- 1 Bed
- 2 Bath
- 1033 sft
415 Saint Pauls Blvd Unit 112, Norfolk, VA, 23510
Listed for sale 3 days ago
$ 345,000
ROI
21.5Cash Flow/m
170- 3 Bed
- 3 Bath
- 2073 sft
7231 Newport Ave APT 204, Norfolk, VA, 23505
Fix & Flip
Listed for sale 3 days ago
$ 199,999
ROI
21.7Cash Flow/m
107- 1 Bed
- 1 Bath
- 960 sft
696 Mowbray Arch APT 650, Norfolk, VA, 23507
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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