Under $500K Investment Properties for Sale in Norfolk, VA
Listed for sale 2 days ago
$ 275,000
ROI
27.4
Cash Flow/m
587- 2 Bed
- 2 Bath
- 1053 sft
7404 Major Ave, Norfolk, VA, 23505
$ 399,000
ROI
23.7Cash Flow/m
434- 4 Bed
- 3 Bath
- 1949 sft
1077 Green St, NORFOLK, VA, 23513
Listed for sale 2 days ago
$ 233,700
ROI
29.3Cash Flow/m
618- 3 Bed
- 1 Bath
- 952 sft
3144 Dunway St, Norfolk, VA, 23513
Listed for sale 2 days ago
$ 339,000
ROI
33.8Cash Flow/m
1320- 3 Bed
- 3 Bath
- 2448 sft
2549 Ballentine Blvd, Norfolk, VA, 23509
Why Invest in Norfolk, Virginia?
Discover **investment properties under $500K** in Norfolk, VA, offering strong entry points for cash-flowing rentals near military bases. Stable demand from Naval Station Norfolk drives consistent occupancy. Average rental yields around 7-8% with cap rates of 6-7% make these accessible. Annual appreciation of 4-5% and high renter occupancy (55%) support long-term holds. Properties here balance affordability with proximity to Hampton Roads jobs.
9.2%
Avg. ROI
7.5%
Rental Yield
6.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1650/mo
Avg. Rent
4.5%
1Y Appreciation
Frequently Asked Questions
Proximity to military bases ensures steady renter demand and low vacancy. Affordable entry prices yield solid cash flow around $450/month. Appreciation of 4-5% annually adds equity growth potential.
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