Condo Investment Properties for Sale in Portsmouth, VA
164- 3 Bed
- 3 Bath
- 1896 sft
13- 2 Bed
- 3 Bath
- 1064 sft
27- 1 Bed
- 1 Bath
- 600 sft
355- 3 Bed
- 3 Bath
- 1632 sft
Why Invest in Portsmouth, Virginia?
Portsmouth, VA offers strong investment potential in **condos**, with low entry prices around $250K and solid rental demand from naval base workers. Average rents near $1,500 provide rental yields of 6-7%, while cap rates hover at 7% due to affordable acquisitions. Annual appreciation of 2-3% and 45% renter occupancy support steady cash flow. Proximity to Norfolk Naval Shipyard ensures stable tenant base, with low vacancy risks. Recent revitalization boosts condo values in areas like Olde Towne.
Frequently Asked Questions
Yes, condos offer strong rental yields around 7% due to demand from shipyard workers. Low purchase prices under $250K and stable occupancy make them cash flow positive. Proximity to naval bases ensures consistent tenants.
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