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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
263days on market

2500 Leo St, Norfolk, VA 23504

ActiveApartments 3+ · built 1969 · VILLA HEIGHTS

Facts & features

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

About this home

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

Tom & Dariya's overview

Our read on this home

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

At a glance

2500 Leo Street sits in Norfolk's Villa Heights neighborhood — a 1969 multi-unit building with groceries, restaurants, coffee, parks, and two military installations all within a half-mile. Daily life here is genuinely walkable, and Naval Medical Center Portsmouth is a five-minute drive.

Read the full overview ↓

Why this home stands out

What sets 2500 Leo Street apart is the rare convergence of urban convenience and military proximity. The Annex restaurant is literally at your doorstep, three coffee shops are within a half-mile, and both Naval Medical Center Portsmouth and USCG Base Portsmouth are reachable in five minutes. Villa Heights delivers a walkable, connected lifestyle that's hard to replicate elsewhere in Norfolk — without sacrificing quick access to the waterfront and downtown.

VILLA HEIGHTS and the Norfolk real estate market

Villa Heights is one of Norfolk's most lived-in, character-rich urban neighborhoods — the kind of place where independent businesses line the streets and neighbors actually know each other. Granby Street, the neighborhood's commercial spine, puts coffee shops, restaurants, and specialty grocers within easy walking distance of Leo Street. The area has a creative, community-oriented energy that draws people who want city life without the sterility of a planned development. Norfolk itself is a city of genuine depth: a working waterfront, a thriving arts scene, world-class naval history, and a food culture that punches well above its weight. Families comparing homes for sale in Norfolk often land in Villa Heights because it offers walkability scores that most Hampton Roads neighborhoods simply can't match. The 23504 zip code covers a stretch of the city that feels genuinely urban — connected, eclectic, and improving steadily. Whether you're drawn to the parks along Lafayette River or the independent shops on Granby, Villa Heights puts you close to everything that makes Norfolk worth calling home.

What's nearby

Groceries are covered from multiple angles — Watergate 5 is 0.2 miles away, Organic Food Depot is 0.4 miles, and Tees is just 0.5 miles. For coffee, you have Blaze on Granby at 0.3 miles, Coalescence Coffee Company at 0.4 miles, and Caffiend Coffee Co at 0.5 miles. The Annex is steps from the front door, with Ziggy's on Granby and Vegan Planet Cafe both 0.2 miles away. Fitness options include Mike The Fitness Junkie and Todd's Eastside Boxing Club, each 0.1 miles out, plus Sky's The Limit Yoga Co at 0.3 miles. Lafayette Dog Park, Lafayette Park, and City Park are all within 0.6 miles.

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's genuinely rare to find paired with this much walkable infrastructure. For military households weighing a VA loan and looking for a short drive to duty stations, the Leo Street location checks a lot of boxes. Families comparing Norfolk homes for sale near medical commands will find this address hard to beat on proximity alone.

For first-time buyers

If you're exploring homes for sale in 23504 for the first time, 2500 Leo Street offers a low-friction entry into one of Norfolk's most walkable zip codes. Groceries, coffee, restaurants, gyms, and parks are all within half a mile — meaning you can genuinely reduce car dependence from day one. Villa Heights has the kind of neighborhood energy that makes first-time ownership feel like a real lifestyle upgrade.

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 — one of the shortest commutes you'll find for medical command personnel anywhere in the Hampton Roads area.

How far is 2500 Leo Street from USCG Base Portsmouth?

USCG Base Portsmouth is also about five minutes from Leo Street, making this address a strong option for Coast Guard households looking for a short, straightforward commute.

What is the walkability like at 2500 Leo Street?

Walkability is a genuine strength here — groceries, restaurants, coffee shops, gyms, and parks are all within a half-mile, and Granby Street's commercial corridor is easily reachable on foot.

Is 2500 Leo Street in a flood zone?

Flood zone status for 2500 Leo Street is detailed in the FloodRisk tile on this page, which pulls current FEMA map data for the 23504 zip code.

Where can families find homes for sale zoned for Kings Daughters Hosp. Ep. and homes for sale zoned for Lindenwood Elementary School in this area?

Families researching school zones can browse homes for sale zoned for Kings Daughters Hosp. Ep. and homes for sale zoned for Lindenwood Elementary School using the school-zone search links on this site — both zones include portions of the Villa Heights area.

Ready to learn more about 2500 Leo Street or explore other homes for sale in Norfolk? Tom and Dariya Milan at LPT Realty are happy to walk you through everything this address and neighborhood have to offer.

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

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

Norfolk$2.2M – $2.9M

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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 A

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

Explore this neighborhood

Ghent

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

$282K

Median sale · 12 mo

$230

Sold $/sq ft

28d

Days on market

52

For sale now

$83K

HH income

31.7%

Owner-occupied

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

Explore Ghent
Map of Ghent 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/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

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 ✓

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

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

263 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

Is 2500 Leo St in a good school zone?+
The assigned zones on the listing record are Lindenwood Elementary (VaHome School Score 2.9/10), Norview Middle (VaHome School Score 2/10), Maury (VaHome School Score 3.8/10). 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

Brokered by 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

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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.