$700,000
5 Beds
5 Baths
1957 E Ocean View Ave, Norfolk, VA 23503
Est. Mortgage $4,255/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1962
Local Information
- Map ViewExplore the area around 1957 E Ocean View Ave.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
Exceptional investment opportunity in Norfolk’s Cottage Line neighborhood of Ocean View, just across the street from the Chesapeake Bay. This all-brick, 3,175-square-foot building offers five apartments: four 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, plus a detached income-producing garage and off-street parking. Current gross rental income is $6,475/month ($77,700/year), with potential for additional growth as units turn over. Unit E was recently renovated with an updated kitchen and bath, luxury vinyl plank flooring and fresh paint, providing a proven model for future improvements. Each apartment is separately metered for electricity, paid by the tenants. Owner pays gas, water, sewer and trash, averaging approximately $500–$700/month. Unit C has washer/dryer hookups. High-elevation lot with no flood insurance required. All apartments and the garage are currently occupied. Commercial financing is typically required for properties with five or more units.
Last check for updates: about 5 hours ago
Listing courtesy of Katie Howlett
BHHS RW Towne Realty, (757) 217-4200
Ashley Link
BHHS RW Towne Realty, (757) 217-4200
Source: REIN Inc., MLS#10643752
Home Details for 1957 E Ocean View Ave
|
|---|
Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 5 |
Appliances & Utilities Utilities: Electricity Connected, Natural Gas ConnectedAppliances: Gas Water Heater |
Heating & Cooling Heating: Natural GasHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Natural Gas |
Gas & Electric Has Electric on Property |
Windows, Doors, Floors & Walls Flooring: Laminate/LVPCommon Walls: No One Above |
Levels, Entrance, & Accessibility Stories: 2Floors: Laminate LVP |
View No View |
|
|---|
Exterior Home Features Roof: Poly SkinFoundation: Slab |
Parking & Garage No CarportNo GarageNo Attached GarageNo Open ParkingParking: Parking Lot,Close to Mass Transit,Multi Car,Off Street |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Frontage Length: 150Not Allowed to Raise Horses |
|
|---|
Days on Market: 61 |
|
|---|
Year Built Year Built: 1962 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Apartment |
Building Construction Materials: Block, Brick |
|
|---|
Price List Price: $700,000 |
Status Change & Dates Possession Timing: Negotiable |
|
|---|
MLS Status: Active |
|
|---|
|
|---|
Direction & Address City: NorfolkCommunity: Ocean View East |
School Information Elementary School: Bay View ElementaryJr High / Middle School: Azalea Gardens MiddleHigh School: Norview |
|
|---|
Listing Agent Listing ID: 10643752 |
|
|---|
Lot Area: 7500 sqft |
|
|---|
Contingencies: 1st Right of Refusal, Contingent |
|
|---|
Mls Number: 10643752 |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Cottage Line
At least 1 Trulia users voted on each feature.
100 % Say it's dog friendly
100 % Say they plan to stay for at least 5 years
100 % Say there's holiday spirit
100 % Say yards are well-kept
100 % Say it's walkable to grocery stores
100 % Say it's walkable to restaurants
100 % Say car is needed
50 % Say neighbors are friendly
Sourced by Trulia users. Learn more about our methodology.
Market trends in Norfolk
Last updated July 2026
Avg. sale price
$327K
$11.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$213
$3MoM
Available listings
952
2MoM
Home Value
Trulia Estimate
$690KSince last month
Decreased$5K (-0.7%)Since last year
Increased$89K (+14.8%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +26% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $690K |
| August 2026 | $686K |
| July 2026 | $695K |
2025 | |
2024 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.20 | Multi-Family Home | $470,000 | 08/27/26 | 6 | 4 | 3,312 | |
0.21 | Multi-Family Home | $430,000 | 08/27/26 | 8 | 4 | 3,212 | |
0.30 | Multi-Family Home | $323,000 | 10/02/25 | 4 | 2 | 1,500 | |
1.05 | Multi-Family Home | $399,000 | 07/07/26 | 4 | 3 | 2,200 | |
0.55 | Multi-Family Home | $747,500 | 12/09/25 | 8 | 5 | 3,050 | |
0.36 | Multi-Family Home | $255,000 | 05/29/26 | 4 | 2 | 2,600 | |
1.41 | Multi-Family Home | $530,000 | 05/21/26 | 5 | 5 | 2,600 | |
0.36 | Multi-Family Home | $415,000 | 02/27/26 | 3 | 1 | 1,203 | |
0.66 | Multi-Family Home | $375,000 | 06/10/26 | 4 | 2 | 1,524 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.02 | $420,000 | 3 | 2 | 1,612 | Recently Sold | |
0.07 | $359,900 | 3 | 2.5 | 1,339 | Recently Sold | |
0.07 | $375,500 | 3 | 1 | 887 | Recently Sold | |
0.10 | $394,800 | 4 | 2 | 1,484 | Off Market | |
0.09 | $925,000 | 5 | 3 | 2,999 | For Sale | |
0.11 | $329,000 | 3 | 1.5 | 1,078 | Recently Sold | |
0.11 | $360,000 | 4 | 1.5 | 1,550 | Recently Sold | |
0.12 | $579,900 | 4 | 2.5 | 2,250 | For Sale | |
0.12 | $400,000 | 2 | 2 | 1,242 | Recently Sold | |
0.15 | $375,000 | 3 | 1.5 | 1,762 | Recently Sold | |
0.14 | $418,000 | 2 | 2 | 1,242 | Recently Sold |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Katie Howlett, BHHS RW Towne Realty, (757) 217-4200
The listings data displayed on this medium comes in part from the Real Estate Information Network Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's
listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.
© 2026 REIN. REIN's listings Data and information is protected under federal copyright laws.
Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of
derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2026-09-09 09:39:38 PDT
Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.
This application does not include information on all of the properties available for sale at this time.
Some or all of the listings (or Listing Data) represented in this application have been enhanced with information not provided by REIN. Such enhancements may include information obtained from Zillow Inc. and other third-party or publicly available sources and are not part of the Listing Data provided by REIN.
Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.
This application does not include information on all of the properties available for sale at this time.
Some or all of the listings (or Listing Data) represented in this application have been enhanced with information not provided by REIN. Such enhancements may include information obtained from Zillow Inc. and other third-party or publicly available sources and are not part of the Listing Data provided by REIN.
Similar Homes You May Like
0.47 ACRES
0.29 ACRES
0.3 ACRES
OPEN SUN, 11-1PM
0.26 ACRES
0.32 ACRES
NEW - 1 DAY AGO0.37 ACRES
See more homes for sale inNorfolk
New Listings near 1957 E Ocean View Ave
OPEN SUN, 12-2PM
OPEN SAT, 10:30-12PM
0.56 ACRES
0.36 ACRES
1.51 ACRES
NEW - 2 DAYS AGO
0.81 ACRES
- See more homes for sale inNorfolk
Frequently asked questions about 1957 E Ocean View Ave
- What is the estimated monthly payment for 1957 E Ocean View Ave?Based on a $700,000 list price with 20% down at today's rates, the estimated monthly payment for 1957 E Ocean View Ave in Norfolk, VA is approximately $4,370 (about $3,706 principal & interest, $589 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 1957 E Ocean View Ave compare to homes in Norfolk?1957 E Ocean View Ave in Norfolk, VA is listed at $700,000, about 114% above the $327K median sale price in Norfolk.
- What are the closest schools to 1957 E Ocean View Ave?The closest schools to 1957 E Ocean View Ave in Norfolk, VA are Azalea Middle School (rated 3/10), Bay View Elementary School (Pre-K, rated 4/10), Norview High School (rated 2/10).
- What is 1957 E Ocean View Ave estimated to be worth?Trulia's estimated value for 1957 E Ocean View Ave in Norfolk, VA is $689,800.
- Does 1957 E Ocean View Ave have air conditioning?Yes, 1957 E Ocean View Ave in Norfolk, VA has air conditioning.
- Does 1957 E Ocean View Ave have parking?Yes, 1957 E Ocean View Ave in Norfolk, VA has on-site parking.
1957 E Ocean View Ave, Norfolk, VA 23503 is a 5 bedroom, 5 bathroom multi-family built in 1962. 1957 E Ocean View Ave is located in Cottage Line, Norfolk. This property is currently available for sale and was listed by REIN Inc. on Jul 10, 2026. The MLS # for this home is MLS# 10643752.