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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
$ 215,000
ROI
22.4
Cash Flow/m
155- 2 Bed
- 2 Bath
- 1232 sft
1301 W 38th St, Norfolk, VA, 23508
Listed for sale 3 days ago
$ 225,000
ROI
25.1Cash Flow/m
336- 1 Bed
- 1 Bath
- 735 sft
303 W Freemason St #5, Norfolk, VA, 23510
Listed for sale 3 days ago
$ 275,000
ROI
25.9Cash Flow/m
467- 2 Bed
- 2 Bath
- 1224 sft
1400 Granby St Unit 214, Norfolk, VA, 23510
Listed for sale 3 days ago
$ 321,000
ROI
23.1Cash Flow/m
301- 2 Bed
- 2 Bath
- 1212 sft
8271 Highland St, Norfolk, VA, 23518
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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