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Norfolk › OCEAN VIEW EAST › 1957 E Ocean View Ave✓ Source: REIN MLS #10643752 · record updated Sep 16, 2026 · synced every 2 min · your inquiry is never resold
1957 E Ocean View AVE, NORFOLK VA 23503 - Main photo
1957 E Ocean View AVE, NORFOLK VA 23503 - Photo 2
1957 E Ocean View AVE, NORFOLK VA 23503 - Photo 3
1957 E Ocean View AVE, NORFOLK VA 23503 - Photo 4
1957 E Ocean View AVE, NORFOLK VA 23503 - Photo 5
$700,000
43days on market

1957 E Ocean View Ave, Norfolk, VA 23503

Under ContractApartments 3+ · built 1962 · OCEAN VIEW EAST

Facts & features

Type

Apartments 3+

Year built

1962

HOA

None

Taxes

$6,540/yr

County

Norfolk VA

MLS #

10643752

Interior

Stories
2
Flooring
Laminate/LVP

Construction & exterior

Foundation
Slab
Construction
Block
Roof
Poly Skin
Exterior
Brick

Utilities & systems

Heating
Nat Gas
Cooling
Window/Wall
Water heater
Gas
Utilities available
City Sewer, City Water, Electric, Gas

Lot, parking & ownership

Lot size
50X150
Subdivision
OCEAN VIEW EAST
Ownership
Fee Simple
Garage
No
Parking
Lot, Close to Mass Transit, Multi Car, Off Street
Possession
NEGOTIABLE
Disclosures
Disclosure Statement

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

About this home

Exceptional investment opportunity in Norfolk's Cottage Line neighborhood of Ocean View, just across the street from the Chesapeake Bay. This all-brick, 3,175-square-foot building offers five apartments: four 1-bedroom/1-bath units and one 2-bedroom/2-bath unit, plus a detached income-producing garage and off-street parking. Current gross rental income is $6,475/month ($77,700/year), with potential for additional growth as units turn over. Unit E was recently renovated with an updated kitchen and bath, luxury vinyl plank flooring and fresh paint, providing a proven model for future improvements. Each apartment is separately metered for electricity, paid by the tenants. Owner pays gas, water, sewer and trash, averaging approximately $500–$700/month. Unit C has washer/dryer hookups. High-elevation lot with no flood insurance required. All apartments and the garage are currently occupied. Commercial financing is typically required for properties with five or more units.

Listing courtesy of Katie Howlett · BHHS RW Towne Realty · REIN MLS #10643752

Tom & Dariya's overview

Our read on this home

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

At a glance

Meet 1957 E Ocean View Ave, a multi-unit apartment building built in 1962 in Norfolk's waterfront neighborhood. You're just minutes from JEB Little Creek-Fort Story and Naval Station Norfolk. This is the kind of property that anchors homes for sale in 23503.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23503, homes for sale zoned for Norview High School, and homes for sale zoned for Bay View Elementary. Browse every listing among homes for sale in Norfolk — updated from the REIN MLS every few minutes. Nearby, look at Ocean View homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Read the full overview ↓

Why this home stands out

This is a three-plus-unit residential building with solid bones and a proven location. Built in the early 1960s, it sits on a block with direct water-view character and easy access to both major military installations. The property benefits from Norfolk's ongoing waterfront revitalization and strong demand among buyers comparing Norfolk homes for sale who value proximity to base and beach.

OCEAN VIEW EAST and the Norfolk real estate market

East Ocean View is Norfolk's historic waterfront neighborhood, where tree-lined streets meet bay views and a genuine sense of community. The blocks here mix older apartment buildings, single-family homes, and small commercial anchors—a working neighborhood with real character, not a polished resort feel. You're walking distance to Grove St. Beach Access and Bay Oaks Park, where the water and green space define daily life. Norfolk itself is a major naval hub with a downtown arts district, waterfront dining, and strong job markets beyond the military. Getting around is straightforward: I-264 connects you west to Virginia Beach and east to the Eastern Shore. Anyone comparing homes for sale zoned for Bay View Elementary or homes for sale zoned for Norview High School will find East Ocean View centrally located within the city.

What's nearby

Everyday errands are close by. A 7-Eleven and coffee shop sit just two blocks away for quick stops. Peppers Indian Cuisine is less than a mile north if you want dinner out. For outdoor time, Grove St. Beach Access is a three-minute walk—perfect for a quick waterside break. Bay Oaks Park and Pretty Lake Playground are both under a mile away, offering green space and recreation without a car ride.

For different buyers

Base commute and VA loan notes

JEB Little Creek-Fort Story is about seven minutes away; Naval Station Norfolk is nine minutes. VA loan financing is standard in this neighborhood, and the building's established history means strong cash-flow potential. Quick access to both bases makes this a practical choice for anyone managing a military commute.

For buyers drawn to character

Built in 1962, this multi-unit property carries the solid construction and period charm of mid-century Norfolk. The waterfront location and established neighborhood give it authentic character—not a new-build replica. The building sits on a block with real history and ongoing community investment, offering both tangible assets and the appeal of a place with a story.

More buyer questions

How far is 1957 E Ocean View Ave from JEB Little Creek-Fort Story?

About seven minutes by car, making it a short commute for anyone stationed there.

What is the nearest grocery store or convenience shop?

A 7-Eleven is just two blocks away on E Ocean View Ave, plus a coffee shop in the same location.

Are there parks or beach access nearby?

Yes—Grove St. Beach Access is a three-minute walk, and Bay Oaks Park and Pretty Lake Playground are both under a mile away.

What year was this building built?

The property was built in 1962, giving it solid mid-century construction and established character.

How does this location compare for Naval Station Norfolk commuters?

Naval Station Norfolk is about nine minutes away, making it a reasonable commute for base personnel.

Ready to explore this waterfront multi-unit opportunity? Reach out to Tom & Dariya Milan at LPT Realty to schedule a tour today.

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

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

Norfolk$595K – $805K

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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 510104

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone B

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

Military Aircraft Zone Information

Aircraft Noise

65-70 dB DNL

Accident Potential Zone

Not in a mapped Accident Potential Zone

Source: U.S. Navy AICUZ — Air Installations Compatible Use Zones (via city GIS)

Explore this neighborhood

Ocean View

Ocean View is a neighborhood on the water in Norfolk, Virginia. It is known for its access to the Chesapeake Bay and its maritime feel. Homes range from modest single-family houses to cottages on the water.

$400K

Median sale · 12 mo

$256

Sold $/sq ft

31d

Days on market

70

For sale now

$61K

HH income

36.5%

Owner-occupied

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

Explore Ocean View →
Map of Ocean View with neighborhood boundaryNeighborhood

Norfolk houses 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

$4,381/mo

Principal & interest

$3,632

Property tax

$545

Home insurance

$204

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

132% of $531,700

City assessment record · taxes $6,540/yr

Land share of assessed value

20% — $104,600

Improvements $427,100 · assessor record ✓

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

Sale & Tax History

List Price

$700,000

Price / Sq Ft

$0

Annual Taxes

$6,540

Monthly Tax

$545

HOA

None

Tax Rate (effective)

0.93%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 4, 2026$700,000—
Currently listed—$700,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

32% above assessment

Total Assessed

$531,700

Land

$104,600

Improvement

$427,100

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:

Norfolk 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.

Questions buyers ask

Is 1957 E Ocean View Ave in a good school zone?+
The assigned zones on the listing record are Bay View Elementary (VaHome School Score 3/10), Azalea Gardens Middle, Norview (VaHome School Score 2.7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1957 E Ocean View 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 1957 E Ocean View Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1957 E Ocean View Ave built?+
It was built in 1962, 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 Katie Howlett · BHHS RW Towne Realty · REIN MLS #10643752

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.

1957 E Ocean View Ave, Norfolk — photo

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

Call or text (757) 777-7577

1957 E Ocean View Ave, Norfolk, Virginia 23503 · MLS #10643752 · 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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