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1414 Hampton Blvd, Norfolk, VA, 23517

--beds
1baths
--sqft
$1,950,000
--price/sqft
$13,029/moest. monthly cost
$521,160/yrincome needed

About This Home

Located in the Ghent neighborhood of Norfolk, Newton Hall presents an opportunity to acquire a 12 unit apartment asset in one of Hampton Roads’ established urban districts. Built in 1925, this brick garden-style apartment community combines historic character with strong investment fundamentals and long-term upside potential. The property consists of 12 residential units across three stories and includes two-bedroom apartments. Conveniently located near Downtown Norfolk, EVMS, Sentara, ODU, military installations, shopping, dining, and entertainment, the property benefits from proximity to major employment, educational, and lifestyle amenities. Investors will appreciate the stability of the asset, potential rental growth opportunities, and the opportunity to own a multifamily property in one of Norfolk’s established neighborhoods. This offering may also be part of a larger portfolio opportunity. Contact listing agent for additional details.

Getting Around

91
WalkingWalker's Paradise
47
TransitSome Transit
69
BikeBikeable

Schools

8/10
3/10
Blair Middle SchoolGrades 6-80.2 mi
3/10
Maury High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1925

Materials

  • Foundation: Basement
  • Roof: Poly Skin
  • Construction materials: Block,Concrete,Brick

Type & Style

  • Home type: Condo
  • Property subType: Apartment

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Laundry Room

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bathrooms: 1

Features

  • Flooring: Ceramic Tile,Vinyl,Wood

Heating & Cooling

  • Heating features: Natural Gas,Radiator
  • Cooling features: Wall/Window Unit(s)

Property

Details

  • Zoning: R-15

Features

  • Stories: 3

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $9,860$118,320
Home Insurance *$1,489$17,868
Property Taxes $1,478$17,736
Electricity $202$2,433
Total$13,029$156,348
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$446,708/yr
40% on housing$390,870/yr
45% on housing$347,440/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.0%
6.0%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 23517$145
Norfolk City$179

vs Homes Sold Last Month

Median $/sqft

ZIP 23517$189
Norfolk City$200

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

No price history available

For Sale by Agent

AgentKenneth Letner
BrokerageAweigh Real Estate

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