1 days on market
Aerial flyover rendering — usually ready in a couple minutes.
$525,000
1012 Balview Ave
Norfolk, Virginia 23503
MLS# 10637247 · OCEAN VIEW COTTAGE · Norfolk VA
Updated 20 hours ago · Source: REIN MLS
Est. payment
$3,225/mo
Edit below
Price / sq ft
$198
2,656 sq ft
Days on market
1
New listing
HOA
None
Year built
1989
37 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
2,656
Garage
N/A
Schools
- ElementaryOceanair Elementary3/10
- MiddleAzalea Middle School5/10
- 2/10
Info provided by GreatSchools
About this home
Huge duplex with 3 bedrooms and 2 baths each in Ocean View! These spacious units are 1328 square feet each with private back yards, three blocks to the beach! Updated and move in ready!
Listed by Christy Allen · Real Broker LLC
VaHome Team property overview
1012 Balview Ave is a 2,656-square-foot multi-family property in Norfolk, Virginia, built in 1989 and sitting just minutes from Naval Station Norfolk. With Lake Modoc a short walk away and the beach even closer, this address delivers serious lifestyle alongside solid square footage.
Read full property overview ↓Show less ↑
Why this home stands out
At 2,656 square feet, 1012 Balview Ave offers the kind of breathing room that's genuinely hard to find this close to the water and the base. The multi-family configuration gives you flexibility that a standard single-family home simply can't match — whether you're thinking about extended family, a live-in arrangement, or just extra space on your terms. Add a 1989 build and you get a structure with real bones without the unpredictability of something decades older.
OCEAN VIEW COTTAGE and the Norfolk real estate market
Balview Ave sits in the Ocean View corridor of Norfolk — one of the city's most quietly compelling stretches of coastline. This is a neighborhood where you can walk to the water, grab a bite around the corner, and still be on base in under ten minutes. The streets here have a lived-in, community feel: a mix of longtime residents and newer arrivals drawn by the proximity to both the shore and Naval Station Norfolk. If you've been searching for sale norfolk va and wondering where the sweet spot is between beach lifestyle and military convenience, this part of the city makes a strong case. Norfolk itself is a dynamic, waterfront-anchored city — home to the world's largest naval station, a growing arts and restaurant scene downtown, and neighborhoods that range from historic to newly revitalized. The Ocean View area specifically rewards people who want outdoor access and a genuine neighborhood identity without the premium of the more polished zip codes.
What's nearby
Daily life is genuinely easy from 1012 Balview Ave. Lake Modoc is just 0.1 miles away — a peaceful spot for a morning walk before the day starts. Doc's Beach and Community Beach Park are both under half a mile, so the Chesapeake Bay is practically in your backyard. For a quick meal, Big Boss Burritos 2 is two blocks away and Cap'n Ron's is just 0.3 miles. Coffee runs are covered by the nearby 7-Eleven or, if you want something more polished, Starbucks Coffee Company is under a mile out. Tienda Latina La Tapatia 3 handles grocery needs at 0.7 miles. Fitness options include The Yoga Space, Ov Fit, and CrossFit Norfolk — all within a mile.
For different buyers
For military families relocating
Naval Station Norfolk is seven minutes away, and MARFORCOM Norfolk is eight. For an active-duty family, that commute changes everything — more time at home, less time in traffic, and a VA loan that can make a multi-family property like this one work especially hard for your household. The Ocean View location also means you're embedded in a community that genuinely understands military life.
For first-time buyers
If you're exploring houses for sale in Norfolk Virginia and wondering how to make your first purchase work smarter, a multi-family property at 2,656 square feet gives you options most starter homes don't. You can occupy one unit, offset costs with the other, and build equity in a neighborhood that's steps from the beach and minutes from one of the region's largest employers. It's a practical entry point with real upside.
Frequently asked questions
How far is 1012 Balview Ave from Naval Station Norfolk?
The drive to Naval Station Norfolk is approximately 7 minutes under normal traffic conditions. That puts this address among the closer residential options to the base in the entire Norfolk market.
What is the property type at 1012 Balview Ave?
1012 Balview Ave is classified as a multi-family residential property, built in 1989 with 2,656 square feet of total living space.
Is 1012 Balview Ave close to the water?
Yes — Doc's Beach is 0.3 miles away and Community Beach Park is 0.4 miles, both providing access to the Chesapeake Bay shoreline. Lake Modoc is even closer at just 0.1 miles.
What is the flood risk situation for this address?
Flood zone information for 1012 Balview Ave is displayed in the dedicated FloodRisk tile on this page, which reflects current FEMA map data for the property's specific parcel.
Are there HOA fees associated with 1012 Balview Ave?
Based on available property data, this address does not appear to carry a mandatory HOA. Confirm current status with your agent before closing.
Tom and Dariya Milan at LPT Realty know this corner of Norfolk well. Reach out to get a straight-talk walkthrough of what 1012 Balview Ave looks like for your specific situation.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
2,656
Stories
0
Fireplaces
0
Flooring
N/A
Heating
Cooling
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$525,000
Price / Sq Ft
$198
Annual Taxes
$4,175
Monthly Tax
$348
HOA
None
Tax Rate (effective)
0.80%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 29, 2026 | $525,000 | — |
| Currently listed | — | $525,000 | — |
Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:
Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.
Comparable Properties
Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.
About buying in Norfolk
Homes for sale in Norfolk, VA range from historic district townhouses in Ghent (23507) and waterfront condos along the Elizabeth River to ranch-style family homes in Larchmont, Lochaven, and Lafayette-Winona. As the cultural and economic heart of Hampton Roads, Norfolk offers something for nearly every buyer: $200K starter homes in Ocean View (23503, 23518), $400K-$600K Craftsman bungalows in Ghent and West Ghent (23517), executive homes near Old Dominion University (23508), and luxury riverfront properties in Larchmont and Algonquin Park. Norfolk's biggest employer is Naval Station Norfolk — the largest naval base in the world — and the city is also home to Norfolk Naval Shipyard, Eastern Virginia Medical School, Old Dominion University, and Norfolk State University. The active-duty military and academic communities drive steady year-round demand. Public schools include Maury High School in Ghent and Granby High School in Ocean View, and historically strong specialty programs at the Governor's School for the Arts. Buyers searching the 23510 (downtown) and 23508 (West Ghent / ODU corridor) ZIP codes will find the strongest mix of urban walkability and historic architecture; 23503 and 23518 (Ocean View) offer the most affordable waterfront entry points in Hampton Roads. The Norfolk MLS inventory below updates hourly from the REIN feed.
Military Commute
Drive times to nearest basesDrive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.
Estimate your monthly payment
$3,225/moPrincipal & interest
$2,724
Property tax
$348
Home insurance
$153
PMI
None
HOA
None
Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.
Listed by Real Broker LLC · MLS# 10637247
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$525,000
1012 Balview AVE, NORFOLK VA 23503
Norfolk, Virginia 23503
Request InfoQuick Facts
Schedule a tour
In-person or videoClick a day to pick a time