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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 1 day ago
$ 375,000
ROI
26.0
Cash Flow/m
647- 3 Bed
- 3 Bath
- 1792 sft
2690 Azalea Garden Rd #B, Norfolk, VA, 23513
Listed for sale 1 day ago
$ 310,000
ROI
27.9Cash Flow/m
704- 3 Bed
- 3 Bath
- 1448 sft
4124 Killam Ave, Norfolk, VA, 23508
$ 530,000
ROI
24.3Cash Flow/m
622- 4 Bed
- 4 Bath
- 2623 sft
609 Botetourt Gdns, Norfolk, VA, 23507
$ 475,000
ROI
26.4Cash Flow/m
878- 4 Bed
- 4 Bath
- 2730 sft
1020 Hillside Ave #A, Norfolk, VA, 23503
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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