$1,035,000

243 Maryland AVE, Portsmouth, VA 23707

Multi-Family Home
Built in 1971
—— sqft lot
—— car garage
$——/sqft
Listed 23 days ago

Property Description

8-unit brick apartment building with a new roof and 2BR/1BA units. Multiple levers to increase cash flow, including rent adjustments and utility reimbursement. Mostly month-to-month leases offer flexibility. Attractive opportunity for 1031 or long-term portfolio investors. Prime location short distance to the interstate, shipyards, and employment centers keeps demand strong and vacancies low. Please do not disturb residents under any circumstances.

Listing Status:: Active
Data Last Updated:: February 14, 2026 at 4:38AM
Listing Office:: BHHS RW Towne Realty : 757-422-2200
Listing Agent:: John Powers :
MLS ID:: 10617169

Flooring: CarpetCeramicLaminate/LVP
A/C: Window/Wall
Heating: BasebdElectric

General: Brick
Parking: 1 SpaceAssigned/Reserved

Roofing: Asphalt Shingle
General: Frame2Slab

County: Portsmouth VA

Zoning: HR

Utilities: City SewerCity WaterElectricSewer AvailWater Avail

This listing courtesy of John Powers , BHHS RW Towne Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Waterview Elementary School

3649 Hartford St, Portsmouth, VA, 23707

Grades KG-6

0.96 miles away

Churchland Middle School

4051 River Shore Rd, Portsmouth, VA, 23703

Grades 7-8

3.31 miles away

Churchland High School

4301 Cedar Ln, Portsmouth, VA, 23703

Grades 9-12

2.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.