$1,600,000

765 48th ST, Norfolk, VA 23508

  • 3,810 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $420/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025. Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink. Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.

Listing Status:
Active
Data Last Updated:
May 20, 2026 at 8:40PM
Listing Office:
Iron Valley Real Est Norfolk : 757-900-4873
Listing Agent:
Julian Rivera :
MLS ID:
10634189
  • General: ShingleVinyl
  • Style: Converted S.F.
  • Roofing: Asphalt Shingle
  • General: Basement
  • County: Norfolk VA
  • Zoning: C-2
  • Fencing: Back FencedFullWood Fence
  • Water: City/County
  • Sewer: City/County

This listing courtesy of Julian Rivera , Iron Valley Real Est Norfolk

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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