Marcus & Millichap is pleased to present the offering memorandum for 201 Dixie Avenue in Portsmouth, Virginia. The property consists of eight units total. There are eight, two-bedroom one-bathroom units across one, two story building built in 1964 and situated on 0.281 acres. Portsmouth’s location along the Elizabeth River offers picturesque waterfront views and recreational opportunities, making it an attractive place to live for residents seeking a high quality of life. The city’s historic districts, such as Olde Towne, attract residents and visitors alike, contributing to the desirability of multifamily properties in these areas. Portsmouth benefits from a diverse economy, with industries such as shipbuilding, healthcare, education, and tourism contributing to its economic stability.