408 Dundaff St - Apartments FOR SALE


Norfolk, VA 23507- Ghent
$12,600,000 USD
757-718-8600
408 Dundaff St, Norfolk, VA for Sale
$12,600,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

408 Dundaff St
Norfolk, VA 23507
Ghent


HIGHLIGHTS

  • Waterfront apartment community in Norfolk's Ghent neighborhood.
  • Located near EVMS and the surrounding hospital complex.
  • Controlled-access residential building with electronic entry.
  • On-site fitness center, swimming pool, and laundry facilities.
  • Positioned near universities, employment centers, and neighborhood amenities.
  • Established multifamily asset within the Hampton Roads region.

OVERVIEW

Hague Park Apartments is a Class B multifamily investment opportunity located at 408 Dundaff Street in Norfolk's established Ghent submarket. Constructed in 1965, the mid/high-rise property contains 66 residential units and offers a diverse unit mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments. The variety of floor plans broadens the property's appeal to a range of residents, supporting occupancy across multiple renter demographics. The property benefits from a waterfront setting and a location near several of Norfolk's most significant employment and institutional anchors. Eastern Virginia Medical School, the surrounding hospital complex, higher education facilities, and other major employers are located nearby, providing a consistent source of housing demand. Residents also enjoy convenient access to the restaurants, retail destinations, cultural attractions, and neighborhood amenities that have made Ghent one of Norfolk's most recognizable residential districts. Hague Park Apartments features amenities that support resident retention and day-to-day convenience, including controlled-access entry, a fitness center, swimming pool, laundry facilities, and on-site parking. The property's position within the Hampton Roads region provides connectivity to the area's healthcare, military, maritime, education, and professional employment sectors. As an established multifamily asset in a mature urban neighborhood, Hague Park Apartments offers investors the opportunity to acquire a well-located apartment community with a diverse unit mix, proximity to major demand drivers, and long-term relevance within one of Norfolk's most active residential submarkets.

FOR SALE DETAILS

PRICE

$12,600,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

68

PRICE/UNIT

$185,294

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hague Park Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

1965

PARKING SPACES

58

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,731 SF

ZONING

R-15

APN/PARCEL ID

18045100

ASK ABOUT THIS PROPERTY

Chip FriedmanHague Park ApartmentsMore Info
757-718-8600

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Chip FriedmanHague Park ApartmentsMore Info
757-718-8600

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