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Multifamily

9619 Cape View Avenue

9619 Cape View Ave, Norfolk, VA 23503

Listing Price: $700,000

Cap Rate
6.30%
Number of Units
6
GRM
8.10
Occupancy
96.0%
Price/Unit
$116,667

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale the commercial property located 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 I-64, I-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.

Investment Highlights

  • 6 Units: A Mix of One- & Two-Bedroom Units
  • Only 1.5 Blocks From the Beach
  • Modern Updates in Each Unit
  • Transit Oriented: Easy Access to I-64, I-264 & the HRBT
  • Proximity to Employment Centers: Located Within Ten Minutes of EVMS & Sentara Norfolk General Hospital and Close Proximity to Norfolk Naval Shipyard
  • Nearby Amenities and Entertainment: Situated less than Ten Miles from Downtown Norfolk & Waterside District

Exclusively Listed By

Financing By

Multifamily

9619 Cape View Avenue

Listing Price: $700,000

Cap Rate
6.30%
Number of Units
6
GRM
8.10
Occupancy
96.0%
Price/Unit
$116,667

Investment Highlights

  • 6 Units: A Mix of One- & Two-Bedroom Units
  • Only 1.5 Blocks From the Beach
  • Modern Updates in Each Unit
  • Transit Oriented: Easy Access to I-64, I-264 & the HRBT
  • Proximity to Employment Centers: Located Within Ten Minutes of EVMS & Sentara Norfolk General Hospital and Close Proximity to Norfolk Naval Shipyard
  • Nearby Amenities and Entertainment: Situated less than Ten Miles from Downtown Norfolk & Waterside District

Investment Overview

Marcus & Millichap is pleased to exclusively present for sale the commercial property located 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 I-64, I-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.

Exclusively Listed By

Financing By

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