9 days on market
$525,000
23 Farragut St
Portsmouth, Virginia 23702
MLS# 10635671 · CRADOCK · Portsmouth VA
Updated May 28, 2026 · Source: REIN MLS
Est. payment
$3,313/mo
Edit below
Price / sq ft
$0
0 sq ft
Days on market
9
New listing
HOA
None
Year built
1918
108 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
0
Garage
No
Schools
- ElementaryCradock Elementary School3/10
- MiddleCradock Middle School3/10
- 2/10
Info provided by GreatSchools
About this home
You will love this updated multi-unit property! All units are currently rented, making it a great income-producing opportunity. Each unit has been updated with newer windows and flooring, and tenants pay their own utilities. All the units have washer and dryer hookups. The property also offers plenty of parking behind the building. Conveniently located near the Naval Hospital, this property provides easy access to m…
Listed by Lakesha Kirkendall · Desirable Management LLC
VaHome Team property overview
23 Farragut Street is a multi-unit property in Portsmouth, Virginia, built in 1918 and sitting just minutes from Norfolk Naval Shipyard and USCG Base Portsmouth. With parks, eateries, and everyday essentials all within a short walk, this address puts the best of south Portsmouth right at your door.
Read full property overview ↓Show less ↑
Why this home stands out
What sets 23 Farragut Street apart is its rare combination of historic character and unbeatable proximity to two active military installations. A building from 1918 carries the kind of craftsmanship and architectural detail you simply don't find in newer construction, and the location — four minutes to Norfolk Naval Shipyard — is as practical as it gets for anyone with ties to the waterfront bases that define this city.
CRADOCK and the Portsmouth real estate market
Portsmouth is one of Hampton Roads' most storied cities, and the blocks surrounding 23 Farragut Street reflect that history in every detail. This part of south Portsmouth sits close to the working waterfront, where century-old homes line streets named for naval heroes — Farragut among them. The neighborhood has a genuine, lived-in character: front porches, mature trees, and neighbors who have been here for generations. It's not a suburb trying to look historic; it actually is. Portsmouth as a city offers a distinct identity separate from Norfolk across the Elizabeth River, with its own downtown, its own arts scene, and a waterfront that has been undergoing steady revitalization. Commutes here are short by any Hampton Roads standard, and the presence of Norfolk Naval Shipyard anchors the local economy and keeps the community tightly connected to the military families who have called this area home for well over a century. Daily life is easy here, with parks, food, and fitness all within walking distance.
What's nearby
Afton Square is just 0.2 miles away, making a morning walk or an afternoon outside completely effortless. George Washington Park is another short stroll at 0.3 miles, and Afton Park rounds out the green space options at 0.5 miles. For food, Geraldine's Kitchen and Darla's Seafood are both 0.4 miles out — solid local options for a quick meal. Dunkin' and Mariner's Reef Cafe cover your coffee needs within a mile. Callaghan Gym and Fitness Center is 0.8 miles away, with Planet Fitness close behind at 0.9 miles. The Scott Center Annex Commissary is just half a mile from the front door — a significant convenience for military households.
For different buyers
For military families relocating
Four minutes to Norfolk Naval Shipyard and five minutes to USCG Base Portsmouth — the commute math here is hard to argue with. Military households can take full advantage of a VA loan on this property, and the Scott Center Annex Commissary is literally half a mile away. For anyone stationed at either installation, 23 Farragut Street puts you as close to work as you can realistically get.
For buyers drawn to character
If you're drawn to buildings that have a story, 23 Farragut Street — built in 1918 — delivers. The bones of a century-old multi-unit in a neighborhood named for naval history carry a weight and authenticity that no new construction can replicate. This is the kind of address where the architecture itself is part of the appeal, and the surrounding blocks reinforce that sense of place at every turn.
Frequently asked questions
How far is 23 Farragut Street from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately a 4-minute drive from 23 Farragut Street, making it one of the closest residential addresses to the installation in Portsmouth.
How far is 23 Farragut Street from USCG Base Portsmouth?
USCG Base Portsmouth is about a 5-minute drive away, so personnel assigned there have an exceptionally short daily commute from this address.
What parks are near 23 Farragut Street?
Afton Square is just 0.2 miles away, George Washington Park is 0.3 miles out, and Afton Park is 0.5 miles — all easily walkable from the front door.
Is 23 Farragut Street in a flood zone?
Flood zone information for this address is displayed in the dedicated FloodRisk tile on this page, which pulls current FEMA map data for the most accurate and up-to-date designation.
Can a VA loan be used to purchase 23 Farragut Street?
VA loan eligibility on a multi-unit property depends on occupancy requirements and lender guidelines — a VA-knowledgeable lender can walk you through the specifics for this property type.
Want to know more about 23 Farragut Street or the Portsmouth market? Tom and Dariya Milan are ready to answer your questions and set up a walkthrough.
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
0
Stories
2
Fireplaces
0
Flooring
Carpet, Vinyl
Heating
Cooling
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$525,000
Price / Sq Ft
$0
Annual Taxes
$5,228
Monthly Tax
$436
HOA
None
Tax Rate (effective)
1.00%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 19, 2026 | $525,000 | — |
| Currently listed | — | $525,000 | — |
Public-Records Assessment
Source: City Assessor via Hampton Roads Regional Parcels. Fetched May 28, 2026.
Total Assessed
$425,950
Land
$70,240
Improvement
$355,710
Parcel ID: 04110650
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 Portsmouth
Homes for sale in Portsmouth, VA combine historic charm with the most affordable entry prices in Hampton Roads. Olde Towne Portsmouth (23704) features cobblestone streets and Federalist-era row houses overlooking the Elizabeth River, with active listings typically ranging $250K-$500K. Western Portsmouth's Churchland neighborhood (23703) offers larger suburban homes, top schools, and direct commutes to Norfolk Naval Shipyard. Park View (23707) and Cradock (23702) provide some of the most affordable single-family inventory in the region, often under $200K. Portsmouth's biggest employers are Norfolk Naval Shipyard (one of the largest ship-repair facilities in the country) and Naval Medical Center Portsmouth — Hampton Roads' largest military hospital. Active-duty military and shipyard families make up a significant share of buyers, and VA loan financing is common. Portsmouth Public Schools includes Churchland High, Manor High, and I.C. Norcom High; Churchland is consistently among the city's top-performing high schools. Buyers looking for waterfront views without Virginia Beach prices often find Portsmouth's Olde Towne and Hodges Ferry areas particularly attractive. Browse every active Portsmouth listing below, refreshed every 5 minutes from the REIN MLS.
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
$3,313/moPrincipal & interest
$2,724
Property tax
$436
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 Desirable Management LLC · MLS# 10635671
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$525,000
23 Farragut ST, PORTSMOUTH VA 23702
Portsmouth, Virginia 23702
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