Home/Virginia/Portsmouth/PORT NORFOLK/243 Maryland AVE, PORTSMOUTH VA 23707
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Coming Soon
Active
Under Contract
Sold
Off Market

43 days on market

$960,000

243 Maryland Ave

Portsmouth, Virginia 23707

MLS# 10617169 · PORT NORFOLK · Portsmouth VA

Updated Apr 6, 2026 · Source: REIN MLS

Est. payment

$5,949/mo

Edit below

Price / sq ft

$0

0 sq ft

Days on market

43

HOA

None

Year built

1971

55 yrs old

Beds

0

Full Baths

0

Half Baths

0

Sq Ft

0

Garage

No

Apartments 3+2 StorySingle Family

Schools

Info provided by GreatSchools

About this home

8-unit brick apartment building with a new roof and 2BR/1BA units. Multiple levers to increase cash flow, including rent adjustments and utility reimbursement. Mostly month-to-month leases offer flexibility. Attractive opportunity for 1031 or long-term portfolio investors. Prime location short distance to the interstate, shipyards, and employment centers keeps demand strong and vacancies low. Please do not disturb re…

Listed by John Powers · BHHS RW Towne Realty

Location & Neighborhood

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Flood Risk

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Property Details

Bedrooms

0

Full Baths

0

Half Baths

0

Approx Sq Ft

0

Stories

2

Fireplaces

0

Flooring

Carpet, Ceramic, Laminate/LVP

Heating

Basebd,Electric

Cooling

Window/Wall

Laundry

Interior Features

N/A

Sale & Tax History

List Price

$960,000

Price / Sq Ft

$0

Annual Taxes

$8,248

Monthly Tax

$687

HOA

None

Tax Rate (effective)

0.86%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMar 27, 2026$960,000
Currently listed$960,000

Public-Records Assessment

Source: Portsmouth via Hampton Roads Regional Parcels. Fetched May 8, 2026.

44% above assessment

Total Assessed

$665,140

Land

$109,020

Improvement

$556,120

Parcel ID: 01380360 · View on city GIS portal

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.

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.

See more Portsmouth homes for sale →

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.

Estimate your monthly payment

$5,949/mo

Principal & interest

$4,981

Property tax

$687

Home insurance

$280

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 BHHS RW Towne Realty · MLS# 10617169

Data provided by REIN MLS. Information deemed reliable but not guaranteed.

SOLD

$960,000

243 Maryland AVE, PORTSMOUTH VA 23707

Portsmouth, Virginia 23707

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Quick Facts

TypeApartments 3+
Year Built1971
Lot Size
Taxes$8,248/yr
HOANone
HeatingBasebd,Electric
CoolingWindow/Wall

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