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Virginia BeachBEACH BOROUGH316 16th St✓ Source: REIN MLS #10637846 · record updated Jul 25, 2026 · synced every 2 min · your inquiry is never resold
316 16th ST, VIRGINIA BEACH VA 23451 - Main photo
316 16th ST, VIRGINIA BEACH VA 23451 - Photo 2
316 16th ST, VIRGINIA BEACH VA 23451 - Photo 3
316 16th ST, VIRGINIA BEACH VA 23451 - Photo 4
316 16th ST, VIRGINIA BEACH VA 23451 - Photo 5
$1,190,000
$404 / sqft · est. $7,004/mo →
2,946sqft
53days on market

316 16th St, Virginia Beach, VA 23451

ActiveMulti Family Residential · built 1940 · BEACH BOROUGH

About this home

The listing, in the seller's words

Rare opportunity to own a triplex in the heart of the Virginia Beach Oceanfront area. Situated on 16th Street just three blocks from the beach, this property offers exceptional flexibility for investors, owner-occupants, or those seeking income-producing potential. The main residence features 3 bedrooms and 2 bathrooms on the first level, while the second-floor unit offers 2 bedrooms and 1 bathroom. An additional 1-bedroom, 1-bath apartment provides even more rental possibilities. Located within the Short-Term Rental Overlay District, buyers should perform their own due diligence regarding short-term rental requirements and approvals. Enjoy close proximity to the beach, boardwalk, dining, shopping, entertainment, and everything the Oceanfront has to offer. Opportunities like this in such a desirable location are hard to find.

Listing courtesy of Carrie Copenhaver · Iron Valley Real Est Norfolk · REIN MLS #10637846

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

316 16th Street is a 1940-built multi-family property in Virginia Beach, Virginia, spanning 2,946 square feet. Two bases — NAS Oceana and Dam Neck Annex — are each about seven minutes away, and a walkable stretch of local restaurants, coffee, and parks sits right outside the door.

Read the full overview ↓

Why this home stands out

Properties from the 1940s in Virginia Beach carry a solidity and character that newer construction rarely matches — thick walls, established lots, and a sense of place that takes decades to develop. At nearly 3,000 square feet, 316 16th Street offers meaningful space across its multi-family footprint, making it a property that can flex to meet different ownership goals while sitting in one of the city's most accessible coastal corridors.

BEACH BOROUGH and the Virginia Beach real estate market

316 16th Street sits in Virginia Beach, Virginia — a city of roughly 460,000 people that stretches from the Chesapeake Bay to the Atlantic Ocean and from the North Carolina border up through the Lynnhaven corridor. This particular address lands in the central beach district, where early-twentieth-century residential streets run parallel to a busy mix of local businesses, green spaces, and waterfront access points. The blocks here have a lived-in, unpretentious energy — neighbors who walk to coffee, regulars at the corner deli, and fitness studios that draw a consistent crowd. Virginia Beach is one of the few cities in Hampton Roads where you can be minutes from open ocean, a major naval air station, and a full urban amenity set all at once. The 23451 zip code puts you squarely in that sweet spot: close enough to the resort strip to enjoy it, far enough to feel like a real neighborhood rather than a tourist corridor.

What's nearby

Daily life is genuinely walkable from 316 16th Street. Icehouse Restaurant, Tad's Deli, and Zeke's are all within two-tenths of a mile — a short walk for dinner or lunch. Zeke's doubles as a coffee stop, and Fathom Coffee is just 0.3 miles away if you prefer a dedicated café. For groceries, Tienda Latina La Tapatia 2 and Prise's Food Mart are each 0.4 miles out. TakeOver Athletics Shadowlawn, Kaizen Athletics, and ReStormi Pilates are all within three-tenths of a mile for fitness. Virginia Legends Park and Vibe Park round out the picture at 0.4 miles.

For different buyers

For military families relocating

NAS Oceana and Dam Neck Annex are each about seven minutes from 316 16th Street — a commute that barely registers on a Hampton Roads scale. For military households weighing a VA loan purchase, a multi-family property this close to two installations offers both proximity and flexibility. The 23451 zip code falls comfortably within typical BAH ranges for the area, and the 1940s construction means the lot and structure have decades of stability behind them.

For buyers drawn to character

If you're drawn to properties with history, 316 16th Street delivers. Built in 1940, the structure has the kind of architectural bones — proportions, lot presence, and material weight — that simply aren't replicated in modern builds. Nearly 3,000 square feet across a multi-family layout in a walkable Virginia Beach neighborhood means you're getting genuine character without sacrificing convenience. This is a property that already has a story; you'd be writing the next chapter.

More buyer questions

How far is 316 16th Street from NAS Oceana?

NAS Oceana is approximately seven minutes from 316 16th Street by car, making it one of the closer residential options to the base in Virginia Beach. Dam Neck Annex is also about seven minutes away in a different direction.

What type of property is 316 16th Street?

316 16th Street is classified as multi-family residential, built in 1940, with a total of 2,946 square feet. The multi-family designation means the structure is designed to accommodate more than one household unit.

Where can you walk to from 316 16th Street?

Several restaurants, coffee shops, gyms, and grocery options are within a half-mile, including Icehouse Restaurant, Tad's Deli, Fathom Coffee, TakeOver Athletics Shadowlawn, and both Tienda Latina La Tapatia 2 and Prise's Food Mart. Virginia Legends Park and Vibe Park are also reachable on foot.

Is 316 16th Street in a flood zone?

Flood zone status for 316 16th Street is displayed in the dedicated FloodRisk tile on this page, which pulls current FEMA map data for the 23451 zip code. Reviewing that tile before making any decisions about the property is strongly recommended.

How old is the building at 316 16th Street?

The structure was built in 1940, making it over 80 years old. Properties of that era in Virginia Beach often feature heavier construction methods and established lot characteristics that differ meaningfully from mid-century or modern builds.

Want to know more about 316 16th Street or other multi-family properties near NAS Oceana and Dam Neck Annex? Tom and Dariya Milan at LPT Realty are ready to walk you through every detail.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Multi Family Residential

Year built

1940

Price / sqft

$404

HOA

None

Taxes

$5,788/yr

County

Virginia Beach VA

MLS #

10637846

Interior

Approx. sqft
2,946

Construction & exterior

Style
Over/Under
Subtype
Triplex
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl,Wood

Utilities & systems

Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
BEACH BOROUGH
Zoning
A12
Ownership
Fee Simple
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 515531

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone C

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

Military Aircraft Zone Information

Aircraft Noise

65-70 dB DNL

Accident Potential Zone

Not in a mapped Accident Potential Zone

Source: U.S. Navy AICUZ — Air Installations Compatible Use Zones (via city GIS)

Explore this neighborhood

Lands End

Lands End is a condominium community in Virginia Beach (ZIP 23451), set off Norfolk Avenue near North Birdneck Road and a short distance from the Atlantic oceanfront and boardwalk.

$290K

Median sale · 12 mo

$306

Sold $/sq ft

16d

Days on market

1

For sale now

$83K

HH income

61%

Owner-occupied

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

Explore Lands End
Map of Lands End with neighborhood boundaryNeighborhood

VA Beach homes for sale

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

$7,004/mo

Principal & interest

$6,175

Property tax

$482

Home insurance

$347

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

Why the land carries the value

Asking vs. assessment

199% of $596,700

City assessment record · taxes $5,788/yr

Land share of assessed value

66% — $396,000

Improvements $200,700 · 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.

Price context — similar nearby homes

$675,000$1,270,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

502 26th ST · 0.7 mi · 2,899 sqft$855,000 sold 2026-07
1309 Baltic AVE · 0.2 mi · 2,500 sqft$675,000 sold 2026-04
603 16th ST · 0.3 mi · 3,404 sqft$1,175,000 sold 2026-07

Sale & Tax History

List Price

$1,190,000

Price / Sq Ft

$404

Annual Taxes

$5,788

Monthly Tax

$482

HOA

None

Tax Rate (effective)

0.49%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 2, 2026$1,190,000
Price reducedJul 25, 2026$1,190,000−$60,000
Currently listed$1,190,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

99% above assessment

Total Assessed

$596,700

Land

$396,000

Improvement

$200,700

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:

Virginia Beach 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

53 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 316 16th St in a good school zone?+
The assigned zones on the listing record are W.T. Cooke Elementary (GreatSchools 7/10), Virginia Beach Middle (GreatSchools 7/10), First Colonial (GreatSchools 7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 316 16th 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 316 16th St?+
Yes — WHAT'S YOUR EXCUSE FITNESS is about 0.2 miles away, per the cached nearby-places record for this address.
Are there parks near 316 16th St?+
Barreled Scuplture is about 0.1 miles away.
Where is the nearest grocery store to 316 16th St?+
Prise's Food Mart is about 0.4 miles away. The closest dining on record is Rose's (0.1 mi).
Does 316 16th St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 316 16th St built?+
It was built in 1940, 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 Carrie Copenhaver · Iron Valley Real Est Norfolk · REIN MLS #10637846

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.

316 16th St, Virginia Beach — photo

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

Call or text (757) 777-7577

316 16th St, Virginia Beach, Virginia 23451 · MLS #10637846 · 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.