RARE NEW-CONSTRUCTION INVESTMENT OPPORTUNITY! Two spacious, attached, three-story townhomes on Azalea Avenue offered together as ONE purchase—not available individually. Investors seeking two rental properties in one acquisition or an owner-occupant who wants to live in one home and rent the other to help offset ownership expenses.
Each residence offers approximately 2,500 square feet of thoughtfully designed living space, for approximately 5,000 square feet combined. Highlights include 9-foot ceilings, two primary suites per residence, granite countertops, upgraded lighting, ceiling fans, a private garage, and driveway parking. A second-story deck adds desirable outdoor living space—for unwinding, entertaining, or enjoying fresh air without leaving home.
The three-level floor plans offer flexibility for a range of living arrangements, with ample space for residents, guests, or work-from-home needs. Separate homes side by side provide the convenience of nearby ownership while preserving the independence of each residence.
Looking for an owner-occupied investment opportunity? Make one townhome your personal residence and explore renting the neighboring home for supplemental income. Prefer a fully investment-focused purchase? Rent both townhomes and build a two-property portfolio with new construction. Either approach offers options for long-term ownership and potential income generation.
A compelling opportunity for buyers who value spacious floor plans, modern finishes, garage parking, driveway parking, outdoor living space, and the versatility of two residences sold together. Purchase both, choose your strategy, and make the most of this distinctive new-construction offering!
Listing courtesy of Valencia Kelly · Keffer Realty · REIN MLS #10659101
2001 Azalea Ave is a newly built, 5,000-square-foot multi-family property in Portsmouth, Virginia. It sits about three minutes from both Norfolk Naval Shipyard and USCG Base Portsmouth. Local dining, parks, and fitness options are all within a mile. This address anchors some of the most accessible Portsmouth homes for sale.
Brand-new construction finished in 2026 is rare anywhere in Hampton Roads, and 5,000 square feet of multi-family space this close to two major installations is rarer still. Norfolk Naval Shipyard and USCG Base Portsmouth are each about three minutes away by car. The building is fresh from the ground up, so every system, surface, and fixture is current. That combination of scale, location, and new construction sets 2001 Azalea Ave apart from nearly everything else in the 23704 zip code.
PRENTIS PARK and the Portsmouth real estate market
Azalea Ave sits in a working Portsmouth neighborhood where older residential blocks meet a tight-knit, walkable street grid. The streets here are lined with a mix of traditional homes and small multi-unit buildings, giving the area a grounded, lived-in character. Lansing Park is just two-tenths of a mile away, offering green space within easy walking distance. The Truxtun Historic District is half a mile out, adding architectural interest and a sense of place to the broader area. Portsmouth itself is one of the seven cities of Hampton Roads, with a waterfront downtown and a long shipbuilding heritage. Getting around is straightforward: Interstate 264 connects you west toward downtown and east toward Norfolk. The Elizabeth River crossings put Norfolk within minutes. Anyone browsing homes for sale in 23704 will find that this zip code places you squarely in the heart of the region, with quick access to the entire Hampton Roads metro.
What's nearby
Daily errands are easy from 2001 Azalea Ave. Jem's Take A Plate, Hott Platz, and Cuzzoz Kitchen are all within two-tenths of a mile for a quick meal. A BP station is four-tenths of a mile out, and a Dollar General is just half a mile away for everyday needs. Mariner's Reef Cafe is about seven-tenths of a mile when you want a proper coffee stop. Callaghan Gym and Fitness Center is six-tenths of a mile for a workout, and Brikhouse Boxing and Fitness is under a mile. Highland Biltmore Park rounds out the outdoor options at seven-tenths of a mile.
For different buyers
Base commute and VA loan notes
Norfolk Naval Shipyard and USCG Base Portsmouth are each about three minutes from the front door. That kind of proximity is hard to find in Hampton Roads. VA loan financing is common for multi-family properties up to four units, and new construction means no deferred maintenance to negotiate. For anyone comparing Portsmouth homes for sale near these two installations, 2001 Azalea Ave is worth a close look.
For buyers drawn to character
New construction and historic character rarely share the same block. At 2001 Azalea Ave, the Truxtun Historic District is half a mile away, bringing preserved architecture and neighborhood identity right to your doorstep. The building itself is fresh for 2026, with 5,000 square feet of multi-family space built to current standards. Buyers comparing homes for sale zoned for Norcom High School and homes for sale zoned for Cradock Elementary School will find this address sits within a neighborhood with genuine roots and a new chapter just beginning.
More buyer questions
How far is 2001 Azalea Ave from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is about three minutes from 2001 Azalea Ave by car. That makes it one of the closest civilian addresses to the shipyard in Portsmouth.
How far is 2001 Azalea Ave from USCG Base Portsmouth?
USCG Base Portsmouth is also roughly three minutes away. Both installations are within easy reach of this address.
What is the flood zone status for 2001 Azalea Ave?
Flood zone information for this address is available in the FloodRisk tile on this page. We recommend reviewing it and consulting your insurance agent before making any decisions.
Is 2001 Azalea Ave in an HOA?
No HOA is associated with this property. That means no monthly association fees or community deed restrictions to navigate.
When was 2001 Azalea Ave built?
The property was built in 2026, making it brand-new construction. Every system and surface is current, with no deferred maintenance.
Want to see 2001 Azalea Ave in person? Tom and Dariya Milan are ready to walk you through every detail. Reach out today to schedule your visit.
Summary generated by AI from public records and publicly available information.
Schools · VaHome School ScoreAssigned schools
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.
How Far Is?
Driving distance by road and typical drive time via Google Maps, to the nearest location of each.
Also nearby
Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.
Homes like this one sell fast — see the next one first
Portsmouth$550K – $750K
By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty
Military Commute
Drive times to nearest bases
⚓
NNSY
Navy
8min·1.8mi
🚢
USCG Portsmouth
Coast Guard
20min·3.6mi
⚓
NMCP
Navy
10min·2.5mi
🚢
USCG Finance Ctr
Coast Guard
30min·10.6mi
🪖
MARFORCOM
Marines
26min·13.9mi
Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.
Flood & environmentFlood risk (FEMA)
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’t define a BFE here.
Property elevation
9.9 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’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — 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.
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
$3,627/mo
Principal & interest
$3,373
Property tax
$65
Home insurance
$190
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 & historyComparables
Asking vs. assessment1032% of $63,000City assessment record · taxes $781/yr
Land share of assessed value100% · $63,000Improvements $0 · assessor record ✓
Price context: similar nearby homes$250,000 – $625,000The 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.
Source: City Assessor via Hampton Roads Regional Parcels.
932% above assessment
Total Assessed
$63,000
Land
$63,000
Improvement
N/A
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.
8 days on market: read it in context
Days on market reflects pricing, season, and inventory. Compare it against similar nearby homes before reading anything into it.
CompareThis home next to what else is for sale nearby
Home
Price
Beds
Baths
Sqft
$ / sqft
2001 Azalea Avethis home
$650,000
—
—
5,000
$130
Loading nearby homes for sale…
Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.
Questions buyers ask
Is 2001 Azalea Ave in a good school zone?
The assigned zones on the listing record are Cradock Elementary (VaHome School Score 1.7/10), Other Middle School, IC Norcom. School attendance zones can change — always confirm enrollment with the local school division.
Is 2001 Azalea 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 2001 Azalea Ave have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 2001 Azalea Ave built?
It was built in 2026, per the listing record.
Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data. Never invented.
Tom & Dariya Milan | LPT Realty
See it in person with Tom & Dariya
We're local Hampton Roads Realtors. Pick a day and time; one of us confirms by text and meets you there. Prefer to talk first? Call or text (757) 777-7577.
Free, no obligation. One of us confirms by text, usually within the hour during the day. Your inquiry goes to Tom & Dariya, never resold. We use your details to arrange this tour and to follow up with you about it.
2001 Azalea Ave, Portsmouth, Virginia 23704 · MLS #10659101 · 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.
