About 401 Maryland Ave
Nicely updated brick building featuring ten 1-bedroom apartments, each approx. 724 sq ft with large, flexible rooms. Current layouts offer spacious 1BR living, but the generous square footage provides a potential value-add path to convert to 2-bedroom units (subject to zoning and approvals), creating strong upside in both rent and property value. Renovations include modern finishes, refreshed kitchens/baths, and clean common areas, making this an attractive turnkey asset today with excellent future potential. Prime Portsmouth location close to shipyards, interstates, and employment centers keeps demand strong and vacancies low. Please do not disturb residents under any circumstances.
Features of 401 Maryland Ave
| MLS® # | 10610808 |
|---|---|
| Price | $1,100,000 |
| Bathrooms | 0.00 |
| Year Built | 1985 |
| Type | Apartments 3+ |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 401 Maryland Ave |
|---|---|
| Area | Central Portsmouth |
| Subdivision | PORT NORFOLK |
| City | Portsmouth |
| State | Virginia |
| Zip Code | 23707 |
Amenities
| Utilities | City Sewer, City Water, Electric |
|---|---|
| Features | Dryer Hookup, Washer Hookup, Window Treatments |
| Parking | Lot, Off Street, Street |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Heat Pump W/A, Programmable Thermostat |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| # of Stories | 2 |
Exterior
| Exterior | Vinyl |
|---|---|
| Roof | Asphalt Shingle |
| Construction | Frame, Renovated |
| Foundation | Crawl |
School Information
| Elementary | Waterview Elementary |
|---|---|
| Middle | Churchland Middle |
| High | Churchland |
Additional Information
| Days on Market | 84 |
|---|---|
| Zoning | HR |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Inlet Realty |
|---|