Townhouse Investment Properties for Sale in Norfolk, VA
Listed for sale 2 days ago
$ 168,000
ROI
26.0
Cash Flow/m
294- 3 Bed
- 2 Bath
- 1452 sft
1053 Dubose Dr, Norfolk, VA, 23504
$ 358,000
ROI
26.6Cash Flow/m
683- 3 Bed
- 3 Bath
- 1592 sft
2688 Azalea Garden Rd #C, Norfolk, VA, 23513
$ 624,000
ROI
26.3Cash Flow/m
1063- 4 Bed
- 4 Bath
- 3376 sft
1342 Stockley Gdns, Norfolk, VA, 23517
$ 399,900
ROI
27.4Cash Flow/m
845- 3 Bed
- 3 Bath
- 2292 sft
1233 Botetourt Gdns, Norfolk, VA, 23517
Why Invest in Norfolk, Virginia?
Townhouses in Norfolk, VA offer strong investment potential with steady rental demand from military families and port workers. Average rents hover around $1,800 monthly, supporting solid cash flows. Cap rates near 6% and appreciation of 3% annually make them appealing for long-term holds. Renter occupancy exceeds 55%, bolstered by the area's economic stability. Low vacancy and competitive market ensure reliable returns.
8.5%
Avg. ROI
6.2%
Rental Yield
6.1%
Cap Rate
$850/mo
Avg. Cash Flow
$1800/mo
Avg. Rent
3.2%
1Y Appreciation
Frequently Asked Questions
Yes, townhouses benefit from high renter occupancy over 55% and average rents near $1,800. Steady demand from military and university affiliates ensures reliable cash flow. Cap rates around 6% provide solid returns.
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