$8,750,000
$8,750,000
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SOLD DATE : 04/27/2026
Key Details
Sold Price $8,750,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Bayview Estates
MLS Listing ID 10614349
Sold Date 04/27/26
HOA Y/N No
Year Built 1984
Annual Tax Amount $83,606
Property Description
Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.
Location
State VA
County Norfolk
Area 13 - North Norfolk
Zoning R-13
Interior
Hot Water Electric
Heating Forced Hot Air
Cooling Central Air
Flooring Carpet, Ceramic
Exterior
Parking Features Multi Car
Utilities Available City Sewer, City Water, Electric, Telephone Avail, Water Avail
Roof Type Asphalt Shingle
Building
Story 2.0000
Foundation Slab
Schools
Elementary Schools Bay View Elementary
Middle Schools Azalea Gardens Middle
High Schools Norview
Others
Senior Community No
Ownership Simple
Disclosures Disclosure Statement
Special Listing Condition Disclosure Statement
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© 2026 REIN, Inc. Information Deemed Reliable But Not Guaranteed
Bought with BHHS RW Towne Realty
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