9551 5th Bay St, Norfolk, Virginia

$775,000

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3,050

Square feet

About 9551 5th Bay St

Your wealth building dream starts here! Located just blocks from the Chesapeake Bay in the vibrant East Beach neighborhood, this four unit investment property offers both lifestyle appeal and strong cashflow potential. Ideal for the savvy investor ready to leverage furnished or long-term rentals, this property positions you at the intersection of beach living and wealth building. Each unit is fully occupied, fully renovated and features a desirable layout of 2bed/1bath with open living space and W/D in each unit. Neighboring the Bay Oaks Park and the East Beach Farmers Market, the location is unbeatable! Please do not disturb tenants. Current rent roll: Unit 1 -$1400/mo lease ends 3/31/26, Unit 2 - $1,495/mo + $75/mo utility fee ($1,570 total) lease ends 5/31/2026, Unit 3 - $1,450/mo +75/mo utility fee ($1,525 total) lease ends 10/31/2026, Unit 4 - Furnished MTR $2,150/mo current guest exp 10/31/25, next guest 10/31/25-12/31/2025.

Features of 9551 5th Bay St

MLS® # 10607481
Price $775,000
Bathrooms 0.00
Square Footage 3,050
Year Built 1972
Type Multi Family Residential
Sub-Type Quadruplex
Style Other, Over/Under
Status New Listing

Community Information

Address 9551 5th Bay St
Area North Norfolk
Subdivision OCEAN VIEW EAST
City Norfolk
State Virginia
Zip Code 23518

Amenities

Is Waterfront No
Waterfront Not Waterfront
Has Pool No

Interior

Fireplace No

Exterior

Exterior Brick
Roof Asphalt Shingle
Foundation Crawl

School Information

Elementary Little Creek Elementary
Middle Azalea Gardens Middle
High Lake Taylor

Additional Information

Days on Market 8
Zoning R-11
Short Sale No
RE / Bank Owned No

Listing Details

OfficeEXP Realty LLC

Listing Map

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