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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Townhouse Investment Properties for Sale in Norfolk, VA
Listed for sale 2 days ago
$ 230,000
ROI
23.6
Cash Flow/m
245- 3 Bed
- 3 Bath
- 1532 sft
124 Bristol Ave, Norfolk, VA, 23502
Currently Rented
Listed for sale 4 days ago
$ 185,000
ROI
25.4Cash Flow/m
291- 3 Bed
- 2 Bath
- 1188 sft
6975 Bonnot Dr, Norfolk, VA, 23513
Listed for sale 5 days ago
$ 175,000
ROI
25.2Cash Flow/m
267- 2 Bed
- 1 Bath
- 957 sft
6529 Sorby Ct, Norfolk, VA, 23513
Listed for sale 6 days ago
$ 310,000
ROI
27.8Cash Flow/m
692- 3 Bed
- 3 Bath
- 1552 sft
752 Washington Ave, Norfolk, VA, 23504
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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