Skip to main content
VaHome.com
Norfolk › VILLA HEIGHTS › 2500 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 is a multi-unit apartment building in Norfolk's Villa Heights neighborhood, built in 1969. You're just five minutes from Naval Medical Center Portsmouth and USCG Base Portsmouth. The location puts you near grocery stores, restaurants, coffee shops, and fitness options on every corner.

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23504, homes for sale zoned for Kings Daughters Hosp. Ep., and homes for sale zoned for Lindenwood Elementary School. Browse every listing among homes for sale in Norfolk — updated from the REIN MLS every few minutes. Nearby, look at Colonial Place homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Read the full overview ↓

Why this home stands out

This is an investment or multi-unit living opportunity in a walkable urban pocket. The building sits steps from The Annex restaurant and Mike The Fitness Junkie gym. You'll find Watergate 5 grocery, Ziggy's on Granby, and Blaze on Granby coffee all within a two-minute walk. The neighborhood has real energy—close to downtown Norfolk without the premium price tag of waterfront properties.

VILLA HEIGHTS and the Norfolk real estate market

Villa Heights is a compact, mixed-use neighborhood where you can walk to almost everything. The streets here blend residential and commercial spaces, giving the area a lived-in, accessible feel. Granby Street runs through the heart of the neighborhood and serves as the main corridor for shops, restaurants, and services. You're in Norfolk, a historic port city with naval heritage woven into its identity. Downtown Norfolk is a short drive away, offering museums, restaurants, and waterfront parks. Getting around is straightforward—major roads connect easily to I-264 and other regional routes. Anyone comparing homes for sale in Norfolk will find Villa Heights offers walkability and convenience that many neighborhoods can't match. This is the kind of block that anchors homes for sale in 23504.

What's nearby

Daily life is easy here. Watergate 5 is a two-minute walk for groceries, and Organic Food Depot and Tees are nearby alternatives. Ziggy's on Granby, Vegan Planet Cafe, and The Annex restaurant are all within steps. Coffee lovers have Blaze on Granby, Coalescence Coffee Company, and Caffiend Coffee Co within a short walk. Fitness options include Mike The Fitness Junkie and Todd's Eastside Boxing Club just down the street, plus Sky's The Limit Yoga Co. Lafayette Park and City Park are both under a mile away for outdoor time.

For different buyers

Base commute and VA loan notes

Naval Medical Center Portsmouth and USCG Base Portsmouth are each about five minutes away. VA loan financing is widely available in this area and the neighborhood. The location offers quick commute times and walkable access to daily services, making transitions smooth for those relocating to the region.

Room to grow

This multi-unit property offers multiple living spaces within one building. You'll have convenient access to nearby parks including Lafayette Park and City Park for outdoor recreation. The walkable neighborhood means grocery stores, restaurants, and fitness facilities are steps away. Storage and service access are built into the urban layout.

More buyer questions

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

About five minutes by car. USCG Base Portsmouth is equally close, making this location convenient for those with military or government connections.

What grocery stores are near this address?

Watergate 5 is just two blocks away. Organic Food Depot and Tees are also within walking distance or a short drive.

Is there parking and fitness access nearby?

Yes. Mike The Fitness Junkie and Todd's Eastside Boxing Club are both within a block or two. Sky's The Limit Yoga Co is also close by.

What schools are nearby if you are comparing homes for sale zoned for Kings Daughters Hosp. Ep. or homes for sale zoned for Lindenwood Elementary School?

This address is in the Norfolk school system. Check the Schools tile on this page for zone details and school information.

Are there parks nearby?

Lafayette Park and City Park are both within a half-mile. Lafayette Dog Park is also close if you have a dog.

Ready to explore this Norfolk investment or multi-unit opportunity? Contact Tom & Dariya Milan at LPT Realty to schedule a tour today.

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

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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 (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510104

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn\u2019t define a BFE here.

Property elevation

8.7 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

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 neighborhood in Norfolk, Virginia. It is known for streets lined with trees and homes from the early 20th century.

$405K

Median sale · 12 mo

$226

Sold $/sq ft

15d

Days on market

12

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/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

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.

✆