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NorfolkVILLA HEIGHTS2500 Leo St✓ Source: REIN MLS #10610417 · record updated Apr 3, 2026 · synced every 2 min · your inquiry is never resold
2500 Leo ST, NORFOLK VA 23504 - Main photo
2500 Leo ST, NORFOLK VA 23504 - Photo 2
2500 Leo ST, NORFOLK VA 23504 - Photo 3
2500 Leo ST, NORFOLK VA 23504 - Photo 4
2500 Leo ST, NORFOLK VA 23504 - Photo 5
$2,550,000
176days on market

2500 Leo St, Norfolk, VA 23504

ActiveApartments 3+ · built 1969 · VILLA HEIGHTS

About this home

The listing, in the seller's words

2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of "meat on the bone." The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates. Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level

Listing courtesy of Christian Phillips · Inlet Realty · REIN MLS #10610417

VaHome team overview

Our read on this home

At a glance

2500 Leo Street sits in Norfolk's Villa Heights neighborhood — a 1969 multi-unit building within five minutes of two major military installations and steps from Granby Street's growing dining and coffee scene. Daily errands, green space, and fitness options are all within easy walking distance.

Read the full overview ↓

Why this home stands out

What sets 2500 Leo Street apart is its rare combination of military-base proximity and genuine neighborhood walkability. Naval Medical Center Portsmouth and USCG Base Portsmouth are both a five-minute drive away, yet you're also within blocks of independent restaurants, specialty coffee shops, a climbing gym, and a dog park — a mix that's genuinely hard to find at this intersection of convenience and community character in Norfolk.

VILLA HEIGHTS and the Norfolk real estate market

Villa Heights is one of Norfolk's established mid-city neighborhoods, sitting comfortably between the bustle of Granby Street and the quieter residential blocks that define this part of the city. The area has a lived-in, authentic feel — tree-lined streets, a mix of housing types, and neighbors who actually know each other. For anyone weighing military housing Norfolk options, this corridor checks a lot of boxes: short commutes to multiple bases, walkable daily errands, and access to Norfolk's broader arts and food scene without fighting downtown traffic. Norfolk itself is a city that rewards people who explore it — from the Chesapeake Bay waterfront to the vibrant NEON arts district, there's always something within reach. Villa Heights puts you near the middle of it all, with easy access to I-264 and Hampton Boulevard for wherever the day takes you. It's the kind of neighborhood that feels settled and convenient at the same time.

What's nearby

Groceries are essentially at your doorstep — Watergate 5 is right on-site, Tees is four blocks away, and Dollar General is a half-mile out. When you want to eat out, The Annex is two blocks away, and Ziggy's on Granby and Vegan Planet Cafe are both under a half-mile. Coffee runs are equally easy: Blaze on Granby, Coalescence Coffee Company, and Caffiend Coffee Co are all within a short walk. Todd's Eastside Boxing Club is just a block away, Mike The Fitness Junkie is two blocks out, and Latitude Climbing and Fitness is under a half-mile. Lafayette Dog Park, Lafayette Park, and City Park are all within a comfortable walk for weekend mornings.

For different buyers

For military families relocating

Naval Medical Center Portsmouth and USCG Base Portsmouth are each about five minutes from 2500 Leo Street — a commute that makes a real difference when duty schedules are unpredictable. Using a VA loan to put down roots near your installation rather than cycling through temporary housing is a move that pays off in stability and community. Villa Heights gives military families a real neighborhood to come home to.

For first-time buyers

If you're exploring homes for sale in Norfolk VA and want a location that genuinely delivers on walkability, 2500 Leo Street is worth a close look. You're within blocks of coffee, food, fitness, and green space — and just minutes from two military bases. Villa Heights offers the kind of everyday convenience that makes city living feel effortless, without the premium price tag of downtown Norfolk.

More buyer questions

How far is 2500 Leo Street from Naval Medical Center Portsmouth?

Naval Medical Center Portsmouth is approximately five minutes by car from 2500 Leo Street, making it one of the closest residential options to that installation in the Norfolk area.

How far is 2500 Leo Street from USCG Base Portsmouth?

USCG Base Portsmouth is also about five minutes away, giving Coast Guard personnel an unusually short commute from this address.

What grocery and dining options are within walking distance of 2500 Leo Street?

Watergate 5 is on-site, Tees is 0.4 miles away, and The Annex restaurant is just 0.2 miles out — along with several coffee shops and additional dining spots along Granby Street all within half a mile.

Is 2500 Leo Street in a flood zone?

Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the most accurate and up-to-date designation.

Does the Villa Heights neighborhood have an HOA?

Villa Heights is a traditional Norfolk city neighborhood and does not operate under a neighborhood-wide HOA, though individual multi-unit properties may have their own building-level governance or condo association structures.

Tom and Dariya Milan at LPT Realty know Villa Heights and the surrounding Norfolk market well — reach out to get the full picture on 2500 Leo Street.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Apartments 3+

Year built

1969

HOA

None

Taxes

$23,919/yr

County

Norfolk VA

MLS #

10610417

Interior

Stories
2
Flooring
Laminate/LVP

Construction & exterior

Foundation
Slab
Construction
Frame
Roof
Asphalt Shingle
Exterior
Brick

Utilities & systems

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

Lot, parking & ownership

Subdivision
VILLA HEIGHTS
Zoning
R-8
Ownership
Fee Simple
Garage
No
Parking
Lot, Off Street, Street
Possession
SETTLEMENT
Disclosures
Disclosure Statement

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

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 A

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

Explore this neighborhood

Colonial Place

Colonial Place is a historic residential neighborhood in Norfolk, Virginia, known for its tree-lined streets and early 20th-century architecture.

$365K

Median sale · 12 mo

$242

Sold $/sq ft

12d

Days on market

11

For sale now

$85K

HH income

56.4%

Owner-occupied

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

Explore Colonial Place
Map of Colonial Place with neighborhood boundaryNeighborhood

browse Norfolk listings

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

Homes at this tier often trade in cash or portfolio financing — the calculator below shows a financed view; taxes are from the public record.

Estimate your monthly payment

$15,968/mo

Principal & interest

$13,231

Property tax

$1,993

Home insurance

$744

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.

Value & history

Judge value on real ground

Asking vs. assessment

131% of $1,944,600

City assessment record · taxes $23,919/yr

Land share of assessed value

19% — $364,600

Improvements $1,580,000 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Sale & Tax History

List Price

$2,550,000

Price / Sq Ft

$0

Annual Taxes

$23,919

Monthly Tax

$1,993

HOA

None

Tax Rate (effective)

0.94%

Sale Timeline (this listing)

EventDatePriceDetail
ListedNov 14, 2025$2,550,000
Currently listed$2,550,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

31% above assessment

Total Assessed

$1,944,600

Land

$364,600

Improvement

$1,580,000

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.

Market tempo

176 days on market — read it in context

Higher-priced homes market more slowly by nature: the buyer pool is smaller and diligence is heavier. Days-on-market at this tier is a rhythm, not a warning.

Questions buyers ask

Real questions, answered from the record

Is 2500 Leo St in a good school zone?+
The assigned zones on the listing record are Lindenwood Elementary (GreatSchools 6/10), Norview Middle (GreatSchools 4/10), Maury (GreatSchools 3/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 2500 Leo St 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.
Is there a gym near 2500 Leo St?+
Yes — Todd's Eastside Boxing Club is about 0.1 miles away, per the cached nearby-places record for this address.
Are there parks near 2500 Leo St?+
Lafayette Dog Park is about 0.4 miles away.
Where is the nearest grocery store to 2500 Leo St?+
Watergate 5 is about 0 miles away. The closest dining on record is The Annex (0.2 mi).
Does 2500 Leo St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 2500 Leo St built?+
It was built in 1969, 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

LPT Realty · Hampton Roads · answer their own phone

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

Listing courtesy of Christian Phillips · Inlet Realty · REIN MLS #10610417

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.

2500 Leo St, Norfolk — photo

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

Call or text (757) 777-7577

2500 Leo St, Norfolk, Virginia 23504 · MLS #10610417 · 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.