Skip to main content

Multifamily

Bayview Apartments

719 E Bayview Blvd, Norfolk, VA 23503

Listing Price: $3,000,000

Cap Rate
4.97%
Number of Units
40
GRM
5.22
Price/Unit
$75,000
Price/Gross SF
$59.71
Gross SF
50,240

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 719-723 E Bayview Boulevard Norfolk, VA 23503.

The property consists of forty units total. There are six, one-bedroom, one-bathroom units and thirty-four, two-bedroom one-bathroom units across four, two story buildings built in 1964 and situated on 1.42 acres.

Investment Highlights

  • 40 Units: A Mix of One- & Two-Bedrooms
  • Value-Add Opportunity
  • Prime Location to Major Employers: Portsmouth Naval Center & Norfolk Naval Shipyard
  • Within 15 Minutes of Waterside District, Historic Portsmouth & Norfolk International Airport
  • Easy Access to I-64, HRBT & I-264

Exclusively Listed By

Multifamily

Bayview Apartments

Listing Price: $3,000,000

Cap Rate
4.97%
Number of Units
40
GRM
5.22
Price/Unit
$75,000
Price/Gross SF
$59.71
Gross SF
50,240

Investment Highlights

  • 40 Units: A Mix of One- & Two-Bedrooms
  • Value-Add Opportunity
  • Prime Location to Major Employers: Portsmouth Naval Center & Norfolk Naval Shipyard
  • Within 15 Minutes of Waterside District, Historic Portsmouth & Norfolk International Airport
  • Easy Access to I-64, HRBT & I-264

Investment Overview

Marcus & Millichap is pleased to present the offering memorandum for 719-723 E Bayview Boulevard Norfolk, VA 23503. The property consists of forty units total. There are six, one-bedroom, one-bathroom units and thirty-four, two-bedroom one-bathroom units across four, two story buildings built in 1964 and situated on 1.42 acres.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower