Your wealth building dream starts here! Located just blocks from the Chesapeake Bay in the vibrant East Beach neighborhood, this four unit investment property offers both lifestyle appeal and strong cashflow potential. Ideal for the savvy investor ready to leverage furnished or long-term rentals, this property positions you at the intersection of beach living and wealth building. Each unit is fully occupied, fully renovated and features a desirable layout of 2bed/1bath with open living space and W/D in each unit. Neighboring the Bay Oaks Park and the East Beach Farmers Market, the location is unbeatable! Please do not disturb tenants. Current rent roll: Unit 1 -$1400/mo lease ends 3/31/26, Unit 2 - $1,495/mo + $75/mo utility fee ($1,570 total) lease ends 5/31/2026, Unit 3 - $1,450/mo +75/mo utility fee ($1,525 total) lease ends 10/31/2026, Unit 4 - Furnished MTR $2,150/mo current guest exp 10/31/25, next guest 10/31/25-12/31/2025.
Sold
$747,500
9551 5th Bay St, Norfolk, VA 23518
8beds
5baths
3,050sqft
Quadruplex
Built in 1972
-- sqft lot
$758,400 Zestimate®
$245/sqft
$2,153 Estimated rent
Home value
$758,400
$713,000 - $804,000
$2,153/mo
Zestimate® history
Owner options
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$2,153/mo
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$4,659/mo
Est. payment
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$4,659/mo
Est. payment
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Open living space
Zillow last checked:
Listing updated:
Listed by:
Mel Volland,
EXP Realty LLC 866-825-7169
Bought with:
Mick Cash
Keller Williams Capital Props.
Source: REIN Inc.,MLS#: 10607481
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 5
Appliances
- Included: Electric Water Heater
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 3,050 sqft
Property
Features
- Fencing: Partial
- Waterfront features: Not Waterfront
Details
- Additional structures: Shed(s)
- Parcel number: 32499902
- Zoning: R-11
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Brick
- Roof: Asphalt Shingle
Condition
- Rehabilitated
- New construction: No
- Year built: 1972
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Ocean View East
Location
- Region: Norfolk
Financial & listing details
- Price per square foot: $245/sqft
- Tax assessed value: $457,500
- Annual tax amount: $5,500
- Date on market: 10/24/2025
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,627 +2.1% | $457,500 +2.1% |
| 2024 | $5,512 +21.8% | $448,100 +23.8% |
| 2023 | $4,524 +18.6% | $361,900 +18.6% |
| 2022 | $3,814 +10.3% | $305,100 +10.3% |
| 2021 | $3,458 +8.6% | $276,600 +8.6% |
| 2020 | $3,184 +3.1% | $254,700 +3.1% |
| 2019 | $3,089 -0.6% | $247,100 -0.6% |
| 2018 | $3,108 +22% | $248,600 +9.9% |
| 2017 | $2,546 | $226,200 +6.6% |
| 2016 | $2,546 +4.4% | $212,100 |
| 2015 | $2,439 | $212,100 |
| 2014 | $2,439 | $212,100 |
| 2013 | -- | $212,100 |
| 2012 | -- | $212,100 -8.8% |
| 2011 | -- | $232,600 -1.5% |
| 2010 | -- | $236,100 -19.2% |
| 2009 | -- | $292,100 -9.9% |
| 2008 | -- | $324,100 |
| 2007 | -- | $324,100 +36.5% |
| 2006 | -- | $237,400 +47% |
| 2005 | -- | $161,500 +15.1% |
| 2004 | -- | $140,300 +39% |
| 2003 | -- | $100,900 +0.4% |
| 2002 | -- | $100,500 +3.1% |
| 2001 | -- | $97,500 +0% |
| 2000 | -- | $97,470 |
Find assessor info on the county website
Neighborhood: East Ocean View
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Nearby schools
GreatSchools rating
- 2/10Little Creek Elementary SchoolGrades: PK-5Distance: 1 mi
- 3/10Azalea Middle SchoolGrades: 6-8Distance: 1.4 mi
- 2/10Lake Taylor High SchoolGrades: 9-12Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Little Creek Elementary
- Middle: Azalea Gardens Middle
- High: Lake Taylor
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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$758,400
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$773,568
- Virginia
- Norfolk City
- Norfolk
- 23518
- East Ocean View
- 9551 5th Bay St
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