Marcus & Millichap presents a 17-unit multifamily portfolio located in Newport News, Virginia, offering a compelling investment opportunity in a resilient coastal market. The property consists of two studio units, thirteen one-bedroom units, and two two-bedroom units, all fully renovated and positioned for immediate income generation. With an average unit size of 724 square feet, the property provides a mix of layouts to attract a diverse tenant base. Newport News is anchored by major employers such as Newport News Shipbuilding, Joint Base Langley-Eustis, and leading healthcare providers, ensuring a stable workforce and consistent rental demand. The property benefits from proximity to the Port of Virginia and expanding logistics infrastructure, which supports long-term economic growth. Investors will appreciate the property’s turnkey condition, below-replacement cost pricing, and strong occupancy trends, creating a foundation for durable cash flow and appreciation potential. The location offers excellent connectivity, with easy access to I-64, I-664, the James River Bridge, and the Hampton Roads Bridge-Tunnel. Within 10 minutes, tenants can reach Newport News/Williamsburg International Airport, Hampton University, and major employment centers. This combination of accessibility, economic stability, and recent renovations positions the asset as a strategic acquisition for investors seeking both immediate returns and long-term upside.