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Portsmouth › PRENTIS PARK › 1503 Elm Ave✓ Source: REIN MLS #10643938 · record updated Sep 16, 2026 · synced every 2 min · your inquiry is never resold
1503 Elm AVE, PORTSMOUTH VA 23704 - Main photo
1503 Elm AVE, PORTSMOUTH VA 23704 - Photo 2
1503 Elm AVE, PORTSMOUTH VA 23704 - Photo 3
1503 Elm AVE, PORTSMOUTH VA 23704 - Photo 4
1503 Elm AVE, PORTSMOUTH VA 23704 - Photo 5
3,390sqft
62days on market

1503 Elm Ave, Portsmouth, VA 23704

ActiveMulti Family Residential · built 1900 · PRENTIS PARK

Facts & features

Type

Multi Family Residential

Year built

1900

Price / sqft

$83

HOA

None

Taxes

$4,805/yr

County

Portsmouth VA

MLS #

10643938

Interior

Approx. sqft
3,390

Construction & exterior

Style
Over/Under
Subtype
Duplex
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Brick
Fencing
Partial

Utilities & systems

Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot features
Corner
Subdivision
PRENTIS PARK
Zoning
URH
Ownership
Fee Simple
Possession
CLOSING

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

About this home

Sought after 4-Bedroom Duplex near Olde Towne Portsmouth! Bring your creative vision and turn this home with good bones into a dream investment! Each unit features spacious bedrooms, contemporary paint and flooring. Settled on an oversized corner lot with partial fence and unique unit layouts are sure to attract attention. With separate metering for all utilities, future tenant move in is effortless. Ideally situated near military bases, shipyards, naval hospitals, famous landmarks, shopping, casino and entertainment. Freeways, bridges, and tunnels are easily accessible. Contact your agent today for a showing!

Listing courtesy of Reigne Brown · RE/MAX Ultra · REIN MLS #10643938

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

1503 Elm Avenue is a 3,390-square-foot multi-family home built in 1900, positioned just two minutes from Norfolk Naval Shipyard and USCG Base Portsmouth. This Portsmouth property offers solid bones and income-generating potential in a high-demand waterfront location.

Keep searching in Portsmouth

See all Portsmouth homes for sale, including homes for sale in 23704, homes for sale zoned for Manor High School, and homes for sale zoned for Waterview Elementary School. Browse every listing among homes for sale in Portsmouth — updated from the REIN MLS every few minutes. Nearby, look at Brighton homes for sale, Portsmouth waterfront homes for sale, Portsmouth condos and townhomes for sale, and new construction homes in Portsmouth.

Read the full overview ↓

Why this home stands out

Built at the turn of the century, this multi-family residence carries authentic period character while offering practical square footage for modern use. The location is exceptional: two minutes to Norfolk Naval Shipyard and two minutes to USCG Base Portsmouth means short commutes for active-duty and civilian shipyard workers. The 23704 zip code sits at the heart of Portsmouth's working waterfront, where properties with this footprint and age rarely come to market.

PRENTIS PARK and the Portsmouth real estate market

Elm Avenue runs through Portsmouth's historic core, a neighborhood shaped by shipyard culture and maritime heritage. The streets here are lined with early-1900s homes and working buildings—a genuine sense of place rather than a subdivision. You're walking distance to the Elizabeth River waterfront and the commercial heart of downtown Portsmouth. The city itself is Virginia's second-oldest, with a deep naval and industrial past. Getting around is straightforward: local roads connect directly to I-264 and the Downtown Tunnel for access to Norfolk and Virginia Beach. Anyone comparing homes for sale in Portsmouth will notice how rare it is to find multi-family properties this close to the shipyard. The waterfront location means you're near maritime services, working docks, and a community built on generations of shipyard employment.

What's nearby

The Norfolk Naval Shipyard is a two-minute drive—critical for anyone whose daily commute depends on it. USCG Base Portsmouth is equally close. Downtown Portsmouth's shops, restaurants, and services are within walking distance or a short drive. The Elizabeth River waterfront offers public access points and park space. Local grocery and pharmacy options are minutes away. The neighborhood itself is compact and walkable, with a working-waterfront feel.

For different buyers

Base commute and VA loan notes

Two minutes to Norfolk Naval Shipyard and two minutes to USCG Base Portsmouth make this address ideal for active-duty and civilian workers at either facility. VA loan financing is widely available in this market. The multi-family structure offers flexibility: owner-occupy one unit and generate income from the others, or house extended household members. Quick move-in is possible with the right inspection and appraisal timeline.

Room to grow

This 3,390-square-foot multi-family layout provides room to spread across multiple units or consolidate into one larger footprint. The 1900 construction means solid bones and period details throughout. Substantial square footage allows for flexible living arrangements—separate spaces for different needs, work-from-home offices, or guest quarters. The waterfront neighborhood offers walkable access to services and a strong sense of community.

More buyer questions

How far is 1503 Elm Avenue from Norfolk Naval Shipyard?

The shipyard is about two minutes away by car. It's one of the shortest commutes available in the area.

What is the square footage of this multi-family home?

The property is 3,390 square feet total, built in 1900. That's substantial space for a multi-unit layout.

What attendance zones apply to homes for sale zoned for Manor High School and homes for sale zoned for Waterview Elementary School?

This address in the 23704 zip code falls within those attendance zones. Check with the Portsmouth school system for current zone boundaries and details.

Is this property in a walkable neighborhood?

Absolutely. Elm Avenue is in historic downtown Portsmouth with shops, services, and the waterfront within walking distance. It's a compact, working neighborhood.

Can I use a VA loan to finance this multi-family home?

VA loan financing is available for multi-family properties that meet VA loan requirements. Talk with a lender about your specific situation and the property's eligibility.

Ready to explore this waterfront multi-family opportunity? Contact Tom & Dariya Milan to schedule a tour and learn more about homes for sale in 23704.

Summary generated by AI from public records and publicly available information.

Homes like this one sell fast — see the next one first

Portsmouth$235K – $325K

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 515529

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 515529

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn\u2019t define a BFE here.

Property elevation

8.9 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

Hurricane Evacuation Zone

Evacuation Zone A

Source: Virginia Dept. of Emergency Management — Know Your Zone

Explore this neighborhood

Brighton

Brighton is a neighborhood in Portsmouth, Virginia. It has tree-lined streets and a mix of home styles. They reflect the area's deep local roots.

$275K

Median sale · 12 mo

$171

Sold $/sq ft

22d

Days on market

19

For sale now

$46K

HH income

55.2%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Brighton →
Map of Brighton with neighborhood boundaryNeighborhood

Portsmouth homes for sale →

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive 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.

The numbers

Run the real carrying cost

Estimates only — taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.

Estimate your monthly payment

$1,935/mo

Principal & interest

$1,453

Property tax

$400

Home insurance

$82

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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.

Value & history

Judge value on real ground

Asking vs. assessment

72% of $387,440

City assessment record · taxes $4,805/yr

Land share of assessed value

13% — $50,000

Improvements $337,440 · assessor record ✓

Price context — similar nearby homes

$380,000 – $525,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

357 Dinwiddie ST · 0.9 mi · 3,387 sqft$399,000 sold 2026-09
361 Dinwiddie ST · 0.9 mi · 3,300 sqft$427,500 sold 2026-04
340 Court ST · 1 mi · 3,456 sqft$482,000 sold 2026-06

Own a home nearby? See what it is worth today — What's your Portsmouth home worth?

Sale & Tax History

List Price

$280,000

Price / Sq Ft

$83

Annual Taxes

$4,805

Monthly Tax

$400

HOA

None

Tax Rate (effective)

1.72%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 16, 2026$280,000—
Price reducedSep 16, 2026$280,000−$20,000
Currently listed—$280,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

28% below assessment

Total Assessed

$387,440

Land

$50,000

Improvement

$337,440

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:

Portsmouth Real Estate Assessor

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.

Market tempo

62 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Is 1503 Elm Ave in a good school zone?+
The assigned zones on the listing record are Waterview Elementary (VaHome School Score 1.4/10), Other Middle School, Manor High (VaHome School Score 3.6/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1503 Elm Ave in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Does 1503 Elm Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1503 Elm Ave built?+
It was built in 1900, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

Brokered by LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Reigne Brown · RE/MAX Ultra · REIN MLS #10643938

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

1503 Elm Ave, Portsmouth — photo

See it in person — the record only says so much.

Call or text (757) 777-7577

1503 Elm Ave, Portsmouth, Virginia 23704 · MLS #10643938 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.

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