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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
$ 180,000
ROI
25.2
Cash Flow/m
271- 3 Bed
- 1 Bath
- 1158 sft
6420 Faraday Ct, Norfolk, VA, 23513
Listed for sale 2 days ago
$ 589,900
ROI
21.8Cash Flow/m
288- 3 Bed
- 4 Bath
- 2705 sft
1213 Botetourt Gdns, Norfolk, VA, 23517
Listed for sale 3 days ago
$ 759,900
ROI
20.8Cash Flow/m
145- 3 Bed
- 4 Bath
- 2562 sft
9675 Shore Dr, Norfolk, VA, 23518
Listed for sale 4 days ago
$ 195,000
ROI
22.0Cash Flow/m
119- 2 Bed
- 1 Bath
- 900 sft
1268 Little Bay Ave APT 12, 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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