VA > Norfolk > Willoughby Beach
Norfolk, VA 23503,1318 Little Bay AVE
Norfolk, VA 23503,1318 Little Bay AVE
Norfolk, VA 23503,1318 Little Bay AVE
25
See all 25 photos
$2,200,000
Est. payment /mo
Save
Active

1318 Little Bay AVE Norfolk, VA 23503

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Sun
19
Oct
Mon
20
Oct
Tue
21
Oct
DeAndrea DeeDee Jones

DeAndrea DeeDee Jones

+1(703) 596-5884

UPDATED:

Key Details

Property Type Multi-Family, Condo

Listing Status Active

Purchase Type For Sale

Subdivision Willoughby Beach

MLS Listing ID 10601552

HOA Y/N No

Year Built 1970

Annual Tax Amount $19,998

Property Description

1314-1318 Little Bay Avenue presents a rare opportunity to own a 20-unit, 1-bedroom, 1-bath multifamily property in sought-after Norfolk, VA. With eight current vacancies (six of which have just been made rent ready, 2 need full turns), this property offers tremendous value-add potential, including separating water from rent (2 new leases already have this), turning select units, adding laundry in the units, bringing existing rents to market rates, and filling the remaining vacancies. The two buildings are in excellent condition, featuring newer roofs, windows, and well-maintained brick siding. Property has a common area laundry with coin operated machines. Gas heat and wall AC make for low maintenance costs. To maximize appeal, envision adding a mural to enhance its coastal charm and solidify its place in this sought-after community. Don't miss this chance to capitalize on a well-maintained property with exceptional upside!

Location

State VA

County Norfolk

Area 13 - North Norfolk

Zoning R-12

Interior

Hot Water Gas

Heating Nat Gas, Wall Furn

Cooling Window/Wall

Flooring Carpet, Ceramic, Laminate/LVP, Vinyl

Exterior

Parking Features Lot, Multi Car, Off Street, Street

Utilities Available City Sewer, City Water

Roof Type Asphalt Shingle,Poly Skin

Accessibility Main Floor Laundry

Building

Story 2.0000

Foundation Crawl

Schools

Elementary Schools Ocean View Elementary

Middle Schools Northside Middle School

High Schools Granby

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement, Pet on Premises

Special Listing Condition Disclosure Statement, Pet on Premises

Real Estate Information Network (REIN)
© 2025 REIN, Inc. Information Deemed Reliable But Not Guaranteed
Listed by Inlet Realty

SEE INSIDE THE HOME

1318 Little Bay AVE

NEW HOME COMMUNITY QUICK SEARCH
DeAndrea DeeDee Jones

DeAndrea DeeDee Jones

Broker Associate | License ID: 0225077056

+1(703) 596-5884

How can we help?
 

First Name
Last Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of DeAndrea DeeDee Jones, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.