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$1,500,000
42 Days On Site
1315 Little Bay AVENorfolk, VA 23503
For Sale|Residential Income|Active
0
Beds
0
Total Baths
1979
Built
Subdivision:
WILLOUGHBY BEACH
County:
Norfolk
Courtesy of REIN Inc.
Listing courtesy of Christian Phillips of Inlet Realty
Listing courtesy of Christian Phillips of Inlet Realty
Call Now: (757) 510-4031
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(757) 510-4031
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Monthly Payment (Est.)
$6,844Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.
Value-add 12-unit multifamily opportunity: (12) 2-bedroom apartments at 1315 Little Bay Ave with an all-2BR unit mix. Minutes to local beaches with quick access to the interstate and major military bases. Solid brick exterior with strong curb appeal and excellent interstate visibility in a high-traffic corridor. Rents are currently below market, while unit turnovers are in progress—creating a near-term runway to renovate, raise rents, and capture upside without betting on heavy lease-up (vacancy has remained low). On-site common-area laundry adds convenience and potential ancillary income. Pro forma upside through rent lifts and continued unit refreshes. Ideal for an investor seeking stable in-place cash flow plus straightforward value-creation levers.
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Listing Snapshot
Price
$1,500,000
Days On Site
42 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1979
MLS® Number
10616857
Status
Active
Property Tax
$13,123
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 weeks ago | Listing updated with changes from the MLS® | |
| 2 weeks ago | Price changed to $1,500,000 | |
| a month ago | Listing first seen on site |
General Features
Disclosures
Disclosure Statement
Foundation
Slab
Number Of Stories
2
Parking
Off StreetParking LotOn Street
Sewer
Public Sewer
Utilities
Electricity Available
Water Source
Public
Zoning
R-12
Interior Features
Appliances
Electric Water HeaterRefrigeratorRange
Cooling
Wall/Window Unit(s)
Flooring
CarpetLaminate
Heating
Heat PumpBaseboard
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Exterior Features
Construction Details
Brick
Roof
Shingle
Community Features
MLS Area
13 - North Norfolk
Schools
School District
Unknown
Elementary School
Ocean View Elementary
Middle School
Northside Middle School
High School
Granby
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Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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