831 W Ocean View Ave in Norfolk offers a rate 16-unit, 2BR/1BA multifamily opportunity featuring true Class A finishes throughout. Investors will appreciate the premium unit quality and strong tenant appeal in the Ocean View submarket, minutes to the beach, dining and major commuter routes. The property has already been converted to condominiums, creating multiple exit strategies--operate as a stabilized rental, execute a phased or bulk condo sell-ff, or pursue a hybrid approach to maximize returns. Offered at a never-before-seen price of $2,550,000, this asset presents an exceptional basis for a high-finish, boutique portfolio addition or 1031 exchange replacement. Request offering memorandum, financials and condo documentation from broker. Tours by appointment only--please do not disturb residents.
For sale
$2,550,000
831 W Ocean View Ave, Norfolk, VA 23503
--beds
4baths
--sqft
Apartment
Built in 1965
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Premium unit quality
- 149 days |
- 196 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Christian Phillips,
Inlet Realty 757-276-3330
Source: REIN Inc.,MLS#: 10620197
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Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
Heating
- Electric, Heat Pump
Cooling
- Central Air, Heat Pump
Appliances
- Included: Electric Water Heater
Features
- Flooring: Vinyl, Wood
- Basement: Crawl Space
- Common walls with other units/homes: No One Above
Property
Parking
- Parking features: Parking Lot
Features
- Stories: 2
- Frontage length: 100
Lot
- Size: 0.69 Acres
- Dimensions: 100 x 300
Details
- Zoning: R-12
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment
Materials
- Frame, Brick
- Roof: Asphalt Shingle
Condition
- Year built: 1965
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected
Community & HOA
Community
- Subdivision: Willoughby Beach
Location
- Region: Norfolk
Financial & listing details
- Annual tax amount: $26,862
- Date on market: 2/13/2026
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
$2,515/mo
Price history
Price history is unavailable.
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Willoughby
Nearby schools
GreatSchools rating
- 3/10Ocean View Elementary SchoolGrades: K-5Distance: 0.9 mi
- 3/10Northside Middle SchoolGrades: 6-8Distance: 2.1 mi
- 2/10Granby High SchoolGrades: 9-12Distance: 4 mi
Schools provided by the listing agent
- Elementary: Little Creek Elementary
- Middle: Norview Middle
- High: Granby
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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- Virginia
- Norfolk City
- Norfolk
- 23503
- Willoughby
- 831 W Ocean View Ave
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