9619 Capeview Ave - Apartments FOR SALE


Norfolk, VA 23503- Bay View
$700,000 USD
412-849-9977
9619 Capeview Ave, Norfolk, VA for Sale
$700,000 USD
Apartments - FOR SALE
1/8
null | 6.3% Cap Rate

9619 Capeview Ave
Norfolk, VA 23503
Bay View


HIGHLIGHTS

  • 9619 Capeview Avenue presents six units featuring a mix of one and two-bedroom layouts.
  • Only one and a half blocks from the beautiful coastal beach of Virginia.
  • Each unit has received modern updates.
  • Conveniently located near Eastern Virginia Medical School (EVMS), Sentara Norfolk Hospital, and major highways.
  • Nestled in a prime Norfolk, VA, location in the Bay View neighborhood.

OVERVIEW

Marcus & Millichap is pleased to present the commercial property for sale exclusively at 9619 Cape View Avenue in Norfolk, Virginia. Featuring a total of six well-designed units, the multifamily property offers a mix of one- and two-bedroom floor plans, providing diverse rental options to attract a wide tenant base. Strategically located within 10 minutes of Eastern Virginia Medical School (EVMS) and Sentara Norfolk General Hospital, this property benefits from its proximity to major employment hubs, including the Norfolk Naval Shipyard, Downtown Norfolk, and the vibrant Waterside District. Easy access to Interstate 64, Interstate 264, and the Hampton Roads Bridge Tunnel (HRBT), ensures excellent connectivity to Norfolk’s popular commercial centers, retail areas, and leisure destinations. Norfolk boasts a rich array of recreational and cultural attractions, including the Chrysler Museum of Art, Nauticus Maritime Museum, USS Wisconsin battleship, Norfolk Botanical Garden, Virginia Zoo, and numerous parks and waterfront areas for outdoor activities. Recent development projects have greatly enhanced Norfolk's attractiveness as a place to live and work. The transformation of the Waterside District has revitalized the downtown waterfront with new retail, dining, entertainment, and public spaces. Additionally, the expansion and modernization of the Norfolk International Terminal (NIT) have bolstered Norfolk's status as a premier maritime and logistics hub on the East Coast by increasing cargo capacity and operational efficiency.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$147 USD /SF

# OF UNITS

6

PRICE/UNIT

$116,667

CAP RATE

6.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,061 SF

ZONING

-

APN/PARCEL ID

34061600

ASK ABOUT THIS PROPERTY

Justin FergusonMarcus & MillichapMore Info
412-849-9977

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Justin FergusonMarcus & MillichapMore Info
412-849-9977

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