367 Middle ST, Portsmouth, VA 23704

Property Description

Rare opportunity to acquire a well-maintained 5-unit multifamily property in the heart of Portsmouth's highly sought-after Olde Towne Historic District. The property consists of two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, offering an attractive unit mix that appeals to a broad tenant base. Positioned in one of Hampton Roads' most desirable neighborhoods, the property is just blocks from the Elizabeth River waterfront, Portsmouth-Norfolk Ferry, restaurants, coffee shops, museums, parks, and entertainment venues. Surrounded by major employment centers including Naval Medical Center Portsmouth, Norfolk Naval Shipyard, and Rivers Casino Portsmouth, the asset benefits from strong and consistent rental demand. Select units convey furnished, creating additional upside through furnished, mid-term, or executive rental strategies. Combining stable cash flow, a proven rental history, limited local multifamily inventory, and long-term appreciation potential, this turnkey asset presents an exceptional opportunity for investors seeking both current income and future growth in a supply-constrained waterfront market.?

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 12:39PM

Listing Office:

Coastal Group Inc. : 757-720-2463

Listing Agent:

Alex Winfield :

MLS ID:

10638682

Interior

• Flooring: CarpetLaminate/LVP
• A/C: Central AirWindow/Wall
• Heating: Heat Pump W/A

Exterior

• General: BrickOther
• Parking: Off Street

Construction

• Roofing: Metal
• General: Frame2Basement

Location

• County: Portsmouth VA

Lot

• Zoning: HR

Utilities

• Utilities: City SewerCity WaterElectricTelephone Avail