Map of Property

8-Unit Multifamily Complex

For Sale

843 Jerome Avenue, Norfolk, VA 23518

This Norfolk property for sale is located at 843 Jerome Avenue. The current listed sale price for 8-Unit Multifamily Complex is $850,000. 8-Unit Multifamily Complex is situated on a lot that is 0.23 acre in size.

Contacts

broker
Martin Murden

S.L. Nusbaum Realty Co.

Property Details

  • Property Type Multi-Family
  • Property Size 5,936 SF
  • Units 8
  • Lot Size 0.23 Acre
  • Year Built 1979
  • Date Updated Apr 15, 2025
Located in the Colonial Heights submarket of Norfolk.This 8-unit multifamily complex represents a great investment opportunity. With stable income, convenient locations, and significant value-add potential, it combines low vacancy rates, convenient amenities, and appreciation potential. Norfolk is situated in the heart of a region with over 1.8 million people and serves a large community of active-duty personnel and retirees. It is home to the Navy's largest concentration of naval forces. The presence of military personnel and related trades ensures a consistent demand for rental properties.
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Highlights

  • Roof replaced in 2022
  • On-street and off-street parking
  • Separately metered utilities
  • Window A/C units
  • Electric appliances

Getting around

  • 76/100

    Walk Score ®

  • 56/100

    Transit Score ®

  • 50/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Norfolk, VA
  • Neighborhood Brentwood Forest
  • Zip Code 23518
  • Market Richmond Tidewater

Points of Interest

  • Goode

    2.99 miles

  • Beazley

    3.06 miles

  • Ballentine/Broad Creek

    4.83 miles

  • NSU

    4.97 miles

  • York Street/Freemason

    4.98 miles

  • EVMC/Fort Norfolk

    4.98 miles

  • Monticello

    4.99 miles

  • Ingleside Road

    5.12 miles

  • Harbor Park

    5.23 miles

  • Norfolk

    5.23 miles

  • Wawa

    0.38 miles

  • Walmart

    0.38 miles

  • Shell

    0.43 miles

  • 7-Eleven

    0.87 miles

  • Harris Teeter Fuel Center

    1.26 miles

  • BP

    1.78 miles

  • Tesla Supercharger

    4.41 miles

  • ChargePoint

    6.76 miles

  • Electric Vehicle Charging Station

    8.51 miles

  • Rental Car Ready Lot

    2.54 miles

  • Garage A

    2.55 miles

  • Oversized Long-Term Parking

    2.55 miles

  • Long-Term Parking

    2.56 miles

  • Garage C

    2.57 miles

  • Lot D

    2.57 miles

  • Short-Term Parking

    2.58 miles

  • Garage B

    2.59 miles

  • Short Term Parking (South Lot)

    2.71 miles

  • Rodeway Inn

    1.36 miles

  • Best Western Plus Holiday Sands Inn & Suites

    2.09 miles

  • Econo Lodge

    2.66 miles

  • Economy Motel

    3.11 miles

  • Navy Gateway Inn and Suites

    3.32 miles

  • Residence Inn Norfolk Airport Building 2

    3.33 miles

  • Residence Inn Norfolk Airport

    3.33 miles

  • Delta by Marriott Norfolk Airport

    3.40 miles

  • Home2 Suites

    3.44 miles

  • DoubleTree by Hilton Hotel Norfolk Airport

    3.53 miles

  • Walmart Supercenter

    0.30 miles

  • Food Lion

    0.38 miles

  • ALDI

    0.99 miles

  • Walmart Neighborhood Market

    1.16 miles

  • Harris Teeter

    1.23 miles

  • Lidl

    1.65 miles

  • Save-A-Lot

    1.65 miles

  • Naval Exchange

    3.86 miles

  • Target

    4.02 miles

  • TJ Maxx

    4.49 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Martin Murden

S.L. Nusbaum Realty Co.

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