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PortsmouthOLDE TOWNE367 Middle St✓ Source: REIN MLS #10638682 · record updated Jul 23, 2026 · synced every 2 min · your inquiry is never resold
367 Middle ST, PORTSMOUTH VA 23704 - Main photo
367 Middle ST, PORTSMOUTH VA 23704 - Photo 2
367 Middle ST, PORTSMOUTH VA 23704 - Photo 3
367 Middle ST, PORTSMOUTH VA 23704 - Photo 4
367 Middle ST, PORTSMOUTH VA 23704 - Photo 5
$625,000
55days on market

367 Middle St, Portsmouth, VA 23704

ActiveApartments 3+ · built 1852 · OLDE TOWNE

Facts & features

Type

Apartments 3+

Year built

1852

HOA

None

Taxes

$7,394/yr

County

Portsmouth VA

MLS #

10638682

Interior

Stories
2
Flooring
Carpet, Laminate/LVP

Construction & exterior

Foundation
Basement
Construction
Frame
Roof
Metal
Exterior
Brick,Other

Utilities & systems

Heating
Heat Pump W/A
Cooling
Central Air, Window/Wall
Water heater
Electric
Utilities available
City Sewer, City Water, Electric, Telephone Avail

Lot, parking & ownership

Subdivision
OLDE TOWNE
Zoning
HR
Ownership
Fee Simple
Garage
No
Parking
Off Street
Possession
AT CLOSING
Disclosures
Disclosure Statement

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

About this home

Rare opportunity to acquire a well-maintained 5-unit multifamily property in the heart of Portsmouth's highly sought-after Olde Towne Historic District. The property consists of two 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units, offering an attractive unit mix that appeals to a broad tenant base. Positioned in one of Hampton Roads' most desirable neighborhoods, the property is just blocks from the Elizabeth River waterfront, Portsmouth-Norfolk Ferry, restaurants, coffee shops, museums, parks, and entertainment venues. Surrounded by major employment centers including Naval Medical Center Portsmouth, Norfolk Naval Shipyard, and Rivers Casino Portsmouth, the asset benefits from strong and consistent rental demand. Select units convey furnished, creating additional upside through furnished, mid-term, or executive rental strategies. Combining stable cash flow, a proven rental history, limited local multifamily inventory, and long-term appreciation potential, this turnkey asset presents an exceptional opportunity for investors seeking both current income and future growth in a supply-constrained waterfront market.?

Listing courtesy of Alex Winfield · Coastal Group Inc. · REIN MLS #10638682

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

367 Middle Street is a multi-unit property built in 1852 in the heart of Portsmouth's historic Olde Towne district — steps from the Elizabeth River waterfront, a block from dining and coffee, and less than a minute from USCG Base Portsmouth and Naval Medical Center Portsmouth.

Read the full overview ↓

Why this home stands out

Few addresses in Hampton Roads carry the architectural weight of 1852 and still sit within walking distance of an active waterfront, two federal installations, and a walkable main street. The age of this building tells a story that newer construction simply cannot replicate — exposed brick, thick walls, and proportions that belong to a different century, all inside a zip code that keeps daily life remarkably compact.

OLDE TOWNE and the Portsmouth real estate market

Olde Towne Portsmouth is one of the most intact nineteenth-century neighborhoods on the East Coast, and 367 Middle Street sits squarely inside it. The streets here are lined with Federal, Greek Revival, and Victorian architecture, and the Elizabeth River is never far from view. Portsmouth as a city carries real character — a working waterfront, a genuine arts scene, and a downtown that has been quietly building momentum for years. Residents here tend to walk more than they drive, partly because everything is close and partly because the streets reward it. Crawford Levee Park is a block away, Portside Park is two blocks, and Needle Beach sits just beyond that. The broader 23704 zip code blends historic residential blocks with civic anchors like Naval Medical Center Portsmouth, making it one of the more distinctive pockets among all Portsmouth homes for sale.

What's nearby

Daily errands and evenings out are both easy from 367 Middle Street. Fish & Slips Marina Raw Bar & Grill is 0.1 miles away — close enough to walk for a weeknight dinner. Crawford Restaurant and Gino's Pizzeria are both within 0.3 miles, and Olde Towne Coffee is right there when you need a morning stop before heading out. For groceries, Simply Southern Market of Hampton Roads, Market Street & General Store, and Bier Garden Gift Shop & Market are all within a third of a mile. Starbucks and a Wawa are just slightly farther at 0.4 miles. Movement Studio VA handles fitness at 0.3 miles, with Riverview Aquatics Center and the Effingham Street Family YMCA both reachable within 0.7 miles.

For different buyers

For military families relocating

USCG Base Portsmouth and Naval Medical Center Portsmouth are each about a one-minute drive from 367 Middle Street — as close as it gets in Hampton Roads. Families comparing homes for sale in Portsmouth with an eye on commute time will find it hard to beat this location. A VA loan can make a historic multi-unit property like this one a genuinely strategic move for an eligible service member.

For buyers drawn to character

If you are drawn to buildings that have outlasted generations, 367 Middle Street — built in 1852 — is the kind of address that delivers. Olde Towne Portsmouth is a recognized historic district, and this property sits at the center of it. Buyers browsing homes for sale in 23704 who want something with real architectural bones, a walkable block, and a waterfront neighborhood will find this address hard to walk past.

More buyer questions

How far is 367 Middle Street from USCG Base Portsmouth?

The base entrance is roughly one minute by car — about 0.3 miles. It is one of the shortest commutes to any federal installation in the Hampton Roads region.

How far is 367 Middle Street from Naval Medical Center Portsmouth?

Naval Medical Center Portsmouth is also approximately one minute away, making this address exceptionally convenient for medical staff and military personnel assigned there.

What is the flood zone status for 367 Middle Street?

Flood zone information for this address is displayed in the FloodRisk tile on this page — review that section for the current FEMA designation before making any decisions.

Is 367 Middle Street in a historic district?

Yes — the property sits within Olde Towne Portsmouth, one of the largest and best-preserved historic districts on the East Coast, which carries both aesthetic significance and specific renovation guidelines.

Where can families find homes for sale zoned for Norcom High School and homes for sale zoned for Park View Elementary School?

Both school zones cover portions of Portsmouth including areas near the 23704 zip code — the school assignment tile on this page confirms the exact zoning for 367 Middle Street.

Want to know more about 367 Middle Street or explore other homes for sale in Portsmouth? 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.

Homes like this one sell fast — see the next one first

Portsmouth$530K – $720K

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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 515529

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone A

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

In the Olde Towne Portsmouth neighborhood of Portsmouth. browse Portsmouth 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

Estimates only — taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.

Estimate your monthly payment

$4,041/mo

Principal & interest

$3,243

Property tax

$616

Home insurance

$182

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

105% of $596,290

City assessment record · taxes $7,394/yr

Land share of assessed value

30% — $180,800

Improvements $415,490 · assessor record ✓

Own a home nearby? See what it is worth today — What's your Portsmouth home worth?

Sale & Tax History

List Price

$625,000

Price / Sq Ft

$0

Annual Taxes

$7,394

Monthly Tax

$616

HOA

None

Tax Rate (effective)

1.18%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 10, 2026$625,000
Price reducedJul 23, 2026$625,000−$25,000
Currently listed$625,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

Asking near assessment

Total Assessed

$596,290

Land

$180,800

Improvement

$415,490

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:

Portsmouth 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

55 days on market — read it in context

Days on market reflects pricing, season, and inventory — compare it against similar nearby homes below before reading anything into it.

Questions buyers ask

Is 367 Middle St in a good school zone?+
The assigned zones on the listing record are Park View Elementary (VaHome School Score 3.6/10), Churchland Middle (VaHome School Score 2.7/10), IC Norcom. School attendance zones can change — always confirm enrollment with the local school division.
Is 367 Middle 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 367 Middle St?+
Yes — Movement Studio VA is about 0.2 miles away, per the cached nearby-places record for this address.
Are there parks near 367 Middle St?+
Red Lion Square is about 0 miles away.
Where is the nearest grocery store to 367 Middle St?+
Simply Southern Market of Hampton Roads is about 0.2 miles away. The closest dining on record is Gino's Pizzeria (0.1 mi).
Does 367 Middle St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 367 Middle St built?+
It was built in 1852, 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 Alex Winfield · Coastal Group Inc. · REIN MLS #10638682

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

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367 Middle St, Portsmouth — photo

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

Call or text (757) 777-7577

367 Middle St, Portsmouth, Virginia 23704 · MLS #10638682 · 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.