9 days on market
$1,250,000
316 16th St
Virginia Beach, Virginia 23451
MLS# 10637846 · BEACH BOROUGH · Virginia Beach VA
Updated Jun 12, 2026 · Source: REIN MLS
Est. payment
$7,333/mo
Edit below
Price / sq ft
$424
2,946 sq ft
Days on market
9
New listing
HOA
None
Year built
1940
86 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
2,946
Garage
N/A
About this home
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-b…
Listed by Carrie Copenhaver · Iron Valley Real Est Norfolk
VaHome Team property overview
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 full property overview ↓Show less ↑
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.
Frequently asked 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.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
2,946
Stories
0
Fireplaces
0
Flooring
N/A
Heating
Cooling
Laundry
Interior Features
N/A
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)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jun 3, 2026 | $1,250,000 | — |
| Currently listed | — | $1,250,000 | — |
Public-Records Assessment
Source: City Assessor via Hampton Roads Regional Parcels. Fetched Jun 12, 2026.
Total Assessed
$596,700
Land
$396,000
Improvement
$200,700
Parcel ID: 24271624780000
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 Virginia Beach
Homes for sale in Virginia Beach, VA span every price point and lifestyle — from oceanfront condos along the famous Boardwalk to sprawling waterfront estates on the Lynnhaven River and Linkhorn Bay. As the largest city in Hampton Roads, Virginia Beach offers an unusually varied real estate market: established family neighborhoods in Great Neck (ZIP 23454), golf-course communities in Kempsville (23464), modern townhomes near Town Center (23462), and beach-cottage living along Sandbridge (23456). Whether you're searching for a starter home under $300K, a family home in a top-rated school district, or a luxury property north of $2 million, the active MLS inventory updates daily here. Buyer demand stays strong year-round, driven by Virginia Beach's mild coastal climate, the consistently top-ranked Virginia Beach City Public Schools (Kempsville High, Floyd E. Kellam High, Princess Anne High, and Cox High among them), and the city's role as home to Naval Air Station Oceana — the largest master jet base in the country. Military families relocating here through PCS orders make up a meaningful share of buyers, and VA loan financing is widely used. First-time buyers gravitate toward the inland ZIPs (23464, 23456, 23452), while second-home and luxury buyers tend toward 23451 (Oceanfront/North End) and 23454 (Great Neck/Bay Colony). Below you'll find every active Virginia Beach home for sale pulled live from the REIN MLS and refreshed every 5 minutes.
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
$7,333/moPrincipal & 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.
Listed by Iron Valley Real Est Norfolk · MLS# 10637846
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$1,250,000
316 16th ST, VIRGINIABEACH VA 23451
Virginia Beach, Virginia 23451
Request InfoQuick Facts
Schedule a tour
In-person or videoClick a day to pick a time