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Multifamily

230 E 40th Street

230 E 40th St, Norfolk, VA 23504

Listing Price: $3,375,000

Cap Rate
6.38%
Number of Units
16
GRM
10.34
Price/Unit
$210,938
Price/Gross SF
$102.92
Gross SF
32,792

Investment Overview

Marcus & Millichap is pleased to present Woodrow Court, a 16-unit multifamily community located at 230 East 40th Street in Norfolk, Virginia. The property consists of one four-story building constructed in 1918 and situated on approximately ±0.329 acres. Woodrow Court is comprised entirely of spacious two-bedroom, two-bathroom units, offering an attractive unit mix well suited to today’s renter demand.

Investment Highlights

  • Historic Ghent Neighborhood
  • Condo Finishes, Metered for Water & Sewer Separately
  • Unique 2-Bed & 2-Bath Layouts, Ideal for Roommates & Students
  • Below Market Rents

Exclusively Listed By

Multifamily

230 E 40th Street

Listing Price: $3,375,000

Cap Rate
6.38%
Number of Units
16
GRM
10.34
Price/Unit
$210,938
Price/Gross SF
$102.92
Gross SF
32,792

Investment Highlights

  • Historic Ghent Neighborhood
  • Condo Finishes, Metered for Water & Sewer Separately
  • Unique 2-Bed & 2-Bath Layouts, Ideal for Roommates & Students
  • Below Market Rents

Investment Overview

Marcus & Millichap is pleased to present Woodrow Court, a 16-unit multifamily community located at 230 East 40th Street in Norfolk, Virginia. The property consists of one four-story building constructed in 1918 and situated on approximately ±0.329 acres. Woodrow Court is comprised entirely of spacious two-bedroom, two-bathroom units, offering an attractive unit mix well suited to today’s renter demand.

Exclusively Listed By

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