8-Unit Multifamily Portfolio

For Sale

2400 Ballentine Blvd, 3218 & 3224 Flanders Ave., Norfolk, VA 23509

This Norfolk property for sale is located at 2400 Ballentine Blvd, 3218 & 3224 Flanders Ave.. The general use of 8-Unit Multifamily Portfolio is multi-family and it incorporates 5,126 square feet of class C multi-family space. Contact the listing broker for details on the current sale price for 8-Unit Multifamily Portfolio. 8-Unit Multifamily Portfolio is situated on a lot that is 0.12 acre in size.

Contacts

broker

Martin Murden

S.L. Nusbaum Realty Co.

Property Details

  • Property Type Multi-Family
  • Property Size 5,126 SF
  • Units 2
  • Lot Size 0.12 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1940
  • Date Updated Oct 11, 2024
Approximately 5,126 SF on 0.1177 AC located at 2400 Ballentine Blvd., Norfolk, VA 23509; Approximately 8,364 SF on 0.192 AC located at 3218 Flanders Avenue, Norfolk, VA 23509; and Approximately 6,017 SF on 0.1381 AC located at 3224 Flanders Avenue., Norfolk, VA 23509;This 8-unit multi-family portfolio, comprising two duplexes and one quadplex, represents a compelling investment opportunity. With stable income, convenient locations, and significant value add potential, it combines low vacancy rates, convenient amenities, and appreciation potential. Norfolk is situated in the heart of a region with over 1.8 million people and serves a large community of active-duty personnel and retirees. It is home to the Navy's largest concentration of naval forces. The presence of military personnel and related trades ensures a consistent demand for rental properties.

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Highlights

  • Value- Add Opportunity with immediate rent growth and additional income potential through minor interior upgrades.
  • Proximity to schools, shopping centers, public transport, and employment hubs.
  • Consistent rental income with strong tenant retention
  • Month-to-month tenants offer flexibility for buyers

Attachments

Getting around

  • 32/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 43/100

    Bike Score ®

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Location

  • City Norfolk, VA
  • Neighborhood Ballentine Place
  • Zip Code 23509
  • Market Richmond Tidewater

Points of Interest

  • Ballentine/Broad Creek

    1.26 miles

  • NSU

    1.65 miles

  • Beazley

    1.70 miles

  • Ingleside Road

    1.72 miles

  • Goode

    1.81 miles

  • Norfolk

    2.02 miles

  • Harbor Park

    2.07 miles

  • Monticello

    2.31 miles

  • Civic Plaza

    2.33 miles

  • MacArthur Square

    2.48 miles

  • Wawa

    0.32 miles

  • BP

    0.77 miles

  • 7-Eleven

    0.87 miles

  • Citgo

    0.92 miles

  • bp

    1.78 miles

  • Tesla Supercharger

    1.79 miles

  • Miller's

    2.00 miles

  • Shell

    2.16 miles

  • ChargePoint

    5.05 miles

  • Electric Vehicle Charging Station

    5.44 miles

  • Residential Parking

    1.09 miles

  • Faculty Parking

    1.19 miles

  • Reserved

    1.20 miles

  • Resident Parking

    1.35 miles

  • Visitor Parking Area

    1.61 miles

  • HRT Parking Deck

    1.79 miles

  • Candlewood Suites Norfolk Airport

    2.00 miles

  • Wyndham Garden Norfolk Downtown

    2.07 miles

  • Holiday Inn Express & Suites Norfolk Airport

    2.16 miles

  • La Quinta Inn & Suites Norfolk Airport

    2.21 miles

  • Home2 Suites

    2.29 miles

  • Econo Lodge

    2.32 miles

  • Days Inn

    2.33 miles

  • Motel 6

    2.35 miles

  • Courtyard Norfolk Downtown

    2.36 miles

  • Residence Inn Norfolk Downtown

    2.38 miles

  • Walmart Neighborhood Market

    0.24 miles

  • Piggly Wiggly

    1.07 miles

  • Food Lion

    1.53 miles

  • Target

    2.10 miles

  • ALDI

    2.33 miles

  • Harris Teeter

    2.34 miles

  • Macarthur Center

    2.35 miles

  • Walmart Supercenter

    2.38 miles

  • Dillard's

    2.44 miles

  • TJ Maxx

    2.48 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Martin Murden

S.L. Nusbaum Realty Co.