1221 Poquoson Ave - Apartments FOR SALE


Poquoson, VA 23662
$1,995,000 USD
757-753-4546
1221 Poquoson Ave, Poquoson, VA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

1221 Poquoson Ave
Poquoson, VA 23662


OVERVIEW

Rare opportunity to acquire a 13-unit income-producing property situated on 2.08 acres in the heart of Poquoson. The asset includes an 8-unit apartment complex, two duplex buildings (4 units), and one single-family cottage, offering a diversified unit mix and multiple income streams within a single acquisition. Offered at $1,995,000, this property provides scale, land, and long-term upside in a market with limited multifamily supply. The expansive parcel supports value-add potential through operational improvements, rent optimization, or future redevelopment strategies. Public water, sewer, and utilities are available. Strategically located along Poquoson Avenue with convenient access to major routes, employment centers, and daily amenities. Great for investors seeking a stable asset with land, unit density, and strong fundamentals in a resilient Hampton Roads submarket. Financials and additional details available upon request. Private tours by appointment only.

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

13

PRICE/UNIT

$153,462

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Islander Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

18

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

R-3

APN/PARCEL ID

21-01-00-0118

ASK ABOUT THIS PROPERTY

Hea Joo KimeXp Realty LLCMore Info
757-753-4546

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Hea Joo KimeXp Realty LLCMore Info
757-753-4546

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.