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Virginia Beach › BEACH BOROUGH › 316 16th St✓ Source: REIN MLS #10637846 · record updated Jun 12, 2026 · synced every 5 min · your inquiry is never resold
316 16th ST, VIRGINIABEACH VA 23451 - Main photo
316 16th ST, VIRGINIABEACH VA 23451 - Photo 2
316 16th ST, VIRGINIABEACH VA 23451 - Photo 3
316 16th ST, VIRGINIABEACH VA 23451 - Photo 4
316 16th ST, VIRGINIABEACH VA 23451 - Photo 5
$1,250,000
$424 / sqft · est. $7,333/mo →
2,946sqft
9days 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

At a glance

316 16th Street is a 2,946-square-foot multi-family property in Virginia Beach, built in 1940 and sitting just blocks from the Atlantic Ocean. With two military bases within seven minutes, everyday conveniences within walking distance, and serious square footage, this address checks a lot of boxes.

Read the full overview ↓

Why this home stands out

What sets 316 16th Street apart is the combination of genuine size and an address that's hard to beat. Nearly 3,000 square feet of 1940s construction means thick walls, generous room proportions, and a floor plan that doesn't feel squeezed. The multi-family configuration adds flexibility that most single-family homes in this zip code simply can't offer — and the oceanfront corridor is steps away.

BEACH BOROUGH and the Virginia Beach real estate market

The 23451 zip code puts you in the heart of the Virginia Beach oceanfront district — one of the most recognizable addresses in all of Hampton Roads. When people picture houses Virginia Beach is known for, this neighborhood is often exactly what they have in mind: wide streets lined with a mix of classic cottages and larger homes, an easy walk to the boardwalk, and a community that hums with energy year-round, not just in summer. Virginia Beach is an independent city, so there's no county layer of government — just a single municipality managing everything from roads to parks. The 16th Street corridor specifically sits in the northern stretch of the resort area, where the neighborhood feels more residential than the commercial blocks closer to the convention center. Longtime locals and newer arrivals alike appreciate the walkability here, and the proximity to both NAS Oceana and Dam Neck Annex makes this stretch of the city a natural landing spot for military households.

What's nearby

Daily life is genuinely easy from 316 16th Street. Rose's, Mo'z BBQ & Grill at FFX Theatre, and a 7-Eleven are all within a tenth of a mile for quick meals or late-night snacks. Waffles & Co and Sugar Planet are just down the street when you want a proper morning coffee. Grocery runs are covered by Prise's Food Mart at 0.4 miles, with Price Chopper and Tienda Latina La Tapatia 2 both under a mile away. For fitness, WHAT'S YOUR EXCUSE FITNESS, Kaizen Athletics, and Oceanfront Yoga are all within three blocks. Fresh air is equally close — 17th Street Park and Virginia Legends Park are a short walk, and Barreled Sculpture adds a bit of local character right around the corner.

For different buyers

For military families relocating

NAS Oceana and Dam Neck Annex are both about seven minutes away — a commute that's genuinely short even by Hampton Roads standards. VA loan eligibility can make a multi-family property like this one especially practical, and the Virginia Beach oceanfront location means you're never far from the base community, the beach, or the amenities that make off-duty life worth living.

For buyers drawn to character

Built in 1940, 316 16th Street carries the kind of bones that newer construction rarely replicates — solid framing, larger lot proportions, and a presence on the street that feels established rather than assembled. The multi-family layout gives you options, and the oceanfront neighborhood gives you a sense of place that took decades to develop. There's real history here, and that's not something you can build from scratch.

More buyer questions

How far is 316 16th Street from NAS Oceana?

NAS Oceana is approximately seven minutes by car from 316 16th Street, making it one of the shorter base commutes available in the Virginia Beach oceanfront area. Dam Neck Annex is also about seven minutes in the opposite direction.

What is the property type at 316 16th Street?

316 16th Street is classified as a multi-family residential property, offering a flexible configuration within a single 2,946-square-foot structure built in 1940.

Is 316 16th Street walkable?

Yes — restaurants, coffee shops, a gym, grocery options, and multiple parks are all within a quarter mile, and the Virginia Beach boardwalk and oceanfront are a short walk from the front door.

Does 316 16th Street have an HOA?

Based on available records, this property does not appear to be subject to a homeowners association, though buyers should confirm this during the due diligence process.

What flood zone is 316 16th Street in?

Flood zone information for this address is displayed in the dedicated FloodRisk tile on this page — we recommend reviewing that section and discussing flood insurance requirements with your lender or insurance agent.

Want to walk through 316 16th Street or talk through what a multi-family property near the Virginia Beach oceanfront could look like for you? Tom and Dariya Milan at LPT Realty are ready to help.

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

$424

HOA

None

Taxes

$5,788/yr

County

Virginia Beach VA

Waterfront

Yes

MLS #

10637846

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

Flood & environment

The flood answer first — quantified, not buried

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)

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

$7,333/mo

Principal & interest

$6,486

Property tax

$482

Home insurance

$365

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

Why the land carries the value

Asking vs. assessment

209% 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.

1309 Baltic AVE · 0.2 mi · 2,500 sqft$675,000 sold 2026-04
707 Carolina AVE · 0.7 mi · 2,700 sqft$1,049,000 sold 2026-03
825 Greensboro AVE · 1 mi · 3,092 sqft$1,270,000 sold 2026-04

Sale & Tax History

List Price

$1,250,000

Price / Sq Ft

$424

Annual Taxes

$5,788

Monthly Tax

$482

HOA

None

Tax Rate (effective)

0.46%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 3, 2026$1,250,000—
Currently listed—$1,250,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

109% 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

9 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.

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.

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