176 days on market
$2,550,000
2500 Leo St
Norfolk, Virginia 23504
MLS# 10610417 · VILLA HEIGHTS · Norfolk VA
Updated Apr 3, 2026 · Source: REIN MLS
Est. payment
$15,968/mo
Edit below
Price / sq ft
$0
0 sq ft
Days on market
176
HOA
None
Year built
1969
57 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
0
Garage
No
Schools
- ElementaryLindenwood Elementary School6/10
- MiddleNorview Middle School2/10
- —
Info provided by GreatSchools
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…
Listed by Christian Phillips · Inlet Realty
VaHome Team property overview
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 full property overview ↓Show less ↑
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.
Frequently asked 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.
Location & Neighborhood
Location & Street View
2500 Leo ST, Norfolk
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
0
Stories
2
Fireplaces
0
Flooring
Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
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)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Nov 14, 2025 | $2,550,000 | — |
| Currently listed | — | $2,550,000 | — |
Public-Records Assessment
Source: Norfolk via Hampton Roads Regional Parcels. Fetched May 11, 2026.
Total Assessed
$1,944,600
Land
$364,600
Improvement
$1,580,000
Parcel ID: 1438343095 · 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:
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 Norfolk
Norfolk offers some of the most diverse housing options in Hampton Roads — historic Ghent townhomes, Larchmont craftsmen, modern downtown condos, and bungalow neighborhoods in Park Place and Colonial Place. As home to Naval Station Norfolk (the largest naval complex in the world) and the headquarters of NATO Allied Command Transformation, the city has consistent demand from active-duty military, DoD civilians, and contractors, making it especially friendly to VA loan buyers.
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
$15,968/moPrincipal & 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.
Listed by Inlet Realty · MLS# 10610417
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$2,550,000
2500 Leo ST, NORFOLK VA 23504
Norfolk, Virginia 23504
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