Strong Norfolk multifamily investment opportunity offered as part of a rare Chesapeake Bay package sale. This well-maintained four-unit property must be sold together with the adjoining bayfront duplex at 840/842 W Ocean View Ave, creating a unique blend of rental income, waterfront lifestyle, and long-term investment potential. The quadplex provides multiple rental streams in a desirable location near the Chesapeake Bay, major military installations, interstates, beaches, shopping, dining, and local conveniences. Ideal for an investor seeking income-producing property or an owner-occupant who wants to live on the Bay while rents help offset ownership expenses. Each unit has its own washer and dryer. Seller can provide a termite and moisture letter. Shown by appointment only. Please do not disturb occupants. Property under video surveillance.
For sale
$1,850,000
840 W Ocean View Ave, Norfolk, VA 23503
8beds
8baths
4,020sqft
Quadruplex
Built in 1984
-- sqft lot
$1,766,600 Zestimate®
$460/sqft
$-- HOA
What's special
Adjoining bayfront duplex
- 2 days |
- 96 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
David Wilkey,
BHHS RW Towne Realty 757-436-3636
Source: REIN Inc.,MLS#: 10643299
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
Appliances
- Included: Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 4,020 sqft
Video & virtual tour
Property
Features
- Fencing: None
- Waterfront features: Not Waterfront
- Frontage length: 50'
Details
- Parcel number: 46918000
- Zoning: R-12
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Brick
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1984
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Willoughby Beach
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $460/sqft
- Tax assessed value: $1,866,000
- Annual tax amount: $22,952
- Date on market: 7/8/2026
Estimated market value
$1,766,600
$1.68M - $1.85M
$2,243/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,952 +16.5% | $1,866,000 +16.5% |
| 2024 | $19,698 +13.6% | $1,601,500 +15.4% |
| 2023 | $17,343 +3.3% | $1,387,400 +3.3% |
| 2022 | $16,790 +9.2% | $1,343,200 +9.2% |
| 2021 | $15,379 +0.8% | $1,230,300 +0.8% |
| 2020 | $15,254 +3.5% | $1,220,300 +3.5% |
| 2019 | $14,740 +3.8% | $1,179,200 +3.8% |
| 2018 | $14,196 +19.4% | $1,135,700 +8.5% |
| 2017 | $11,890 | $1,046,700 -25.5% |
| 2016 | $11,890 -22.4% | $1,404,600 |
| 2015 | $15,316 | $1,404,600 |
| 2014 | $15,316 | $1,404,600 |
| 2012 | -- | $1,404,600 -4.8% |
| 2011 | -- | $1,475,700 -6.2% |
| 2010 | -- | $1,573,300 -4.2% |
| 2009 | -- | $1,642,700 -4% |
| 2008 | -- | $1,712,000 +0.1% |
| 2007 | -- | $1,710,600 +19% |
| 2006 | -- | $1,437,600 +67.4% |
| 2005 | -- | $858,700 +44.4% |
| 2004 | -- | $594,600 +12.2% |
| 2003 | -- | $529,900 +5.2% |
| 2002 | -- | $503,600 +6.5% |
| 2001 | -- | $473,000 |
| 2000 | -- | $473,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: 1 mi
- 3/10Northside Middle SchoolGrades: 6-8Distance: 2.1 mi
- 2/10Granby High SchoolGrades: 9-12Distance: 4.1 mi
Schools provided by the listing agent
- Elementary: Ocean View Elementary
- Middle: Northside Middle School
- 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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- Virginia
- Norfolk City
- Norfolk
- 23503
- Willoughby
- 840 W Ocean View Ave
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