$775,000

9551 5th Bay ST, Norfolk, VA 23518

  • 3,050 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $254/sqft
  • Property List Date Icon Listed 2 days ago

Property Description

Your wealth building dream starts here! Located just blocks from the Chesapeake Bay in the vibrant East Beach neighborhood, this four unit investment property offers both lifestyle appeal and strong cashflow potential. Ideal for the savvy investor ready to leverage furnished or long-term rentals, this property positions you at the intersection of beach living and wealth building. Each unit is fully occupied, fully renovated and features a desirable layout of 2bed/1bath with open living space and W/D in each unit. Neighboring the Bay Oaks Park and the East Beach Farmers Market, the location is unbeatable! Please do not disturb tenants. Current rent roll: Unit 1 -$1400/mo lease ends 3/31/26, Unit 2 - $1,495/mo + $75/mo utility fee ($1,570 total) lease ends 5/31/2026, Unit 3 - $1,450/mo +75/mo utility fee ($1,525 total) lease ends 10/31/2026, Unit 4 - Furnished MTR $2,150/mo current guest exp 10/31/25, next guest 10/31/25-12/31/2025.

Listing Status:
Active
Listing Office:
EXP Realty LLC : 866-825-7169
Listing Agent:
Mel Volland :
MLS ID:
10607481
  • General: Brick
  • Style: OtherOver/Under
  • Roofing: Asphalt Shingle
  • General: Crawl
  • County: Norfolk VA
  • Zoning: R-11
  • Fencing: Partial
  • Water: City/County
  • Sewer: City/County

This listing courtesy of Mel Volland, EXP Realty LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

L

Little Creek Elementary School

7900 Tarpon Pl, Norfolk, VA, 23518

Grades PK-5

1.04 miles away

A

Azalea Gardens Middle School

7721 Azalea Garden Rd, Norfolk, VA, 23518

Grades 6-8

1.43 miles away

L

Lake Taylor High School

1384 Kempsville Rd, Norfolk, VA, 23502

Grades 9-12

4.36 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.