Short Term Rental Investment Properties for Sale in Norfolk, VA
277- 4 Bed
- 2 Bath
- 1648 sft
286- 2 Bed
- 1 Bath
- 937 sft
457- 2 Bed
- 2 Bath
- 1304 sft
246- 2 Bed
- 2 Bath
- 973 sft
Why Invest in Norfolk, Virginia?
Short-term rentals in Norfolk, VA offer strong potential for investors seeking high occupancy from tourism and military presence. Annual renewals for Short-Term Rental Certificates ensure compliance while permitted zones allow operations in residential areas. Average rents support yields around 8-10%, with cap rates of 7-9% driven by steady demand. Appreciation holds at 4-5% yearly amid regional growth, and renter occupancy exceeds 60%. Local taxes at 8% lodging plus per-night fees factor into profitable cash flows.
Frequently Asked Questions
A Short-Term Rental Certificate is required, with annual renewal. Certain zones need conditional use permits, plus fire and zoning inspections. Applications are submitted online via the Zoning Office.
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