About 765 48th St
Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025. Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink. Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.
Features of 765 48th St
| MLS® # | 10634189 |
|---|---|
| Price | $1,600,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,810 |
| Year Built | 1920 |
| Type | Multi Family Residential |
| Sub-Type | Quadruplex |
| Style | Converted S.F. |
| Status | Active |
Community Information
| Address | 765 48th St |
|---|---|
| Area | West Norfolk |
| Subdivision | HIGHLAND PARK WEST |
| City | Norfolk |
| State | Virginia |
| Zip Code | 23508 |
Amenities
| Is Waterfront | Yes |
|---|---|
| Waterfront | Bulkhead, Dock, Deep Water Access, Deep Water, Navigable, River |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Exterior | Shingle, Vinyl |
|---|---|
| Roof | Asphalt Shingle |
| Foundation | Basement |
School Information
| Elementary | Larchmont Elementary |
|---|---|
| Middle | Blair Middle |
| High | Maury |
Additional Information
| Days on Market | 122 |
|---|---|
| Zoning | C-2 |
| Short Sale | No |
| RE / Bank Owned | No |