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Portsmouth › OLDE TOWNE › 367 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 historic 1852 apartment building in Portsmouth's vibrant Olde Towne district. Steps from the waterfront and mere minutes from Naval Medical Center Portsmouth and USCG Base Portsmouth, this property sits at the heart of a walkable, active neighborhood. Anyone comparing Portsmouth homes for sale will find this location exceptionally convenient.

Read the full overview ↓

Why this home stands out

Built in 1852, this multi-unit property carries the character and craftsmanship of Portsmouth's earliest architecture. The location is extraordinary: you're walking distance to restaurants, coffee, grocery shops, and waterfront parks. USCG Base Portsmouth and Naval Medical Center Portsmouth are both about one minute away. The neighborhood itself is a destination—Olde Towne draws residents and visitors for its historic streets, galleries, and vibrant dining scene. Few homes for sale in Portsmouth offer this combination of walkability, history, and base proximity.

OLDE TOWNE and the Portsmouth real estate market

Olde Towne Portsmouth is one of the most walkable neighborhoods in Hampton Roads. These historic blocks blend 18th- and 19th-century architecture with modern restaurants, shops, and galleries. You'll find coffee at Olde Towne Coffee, groceries at Simply Southern Market of Hampton Roads or Market Street & General Store, and dinner options ranging from Fish & Slips Marina Raw Bar & Grill to Crawford Restaurant and Gino's Pizzeria—all within a few blocks. Crawford Levee Park, Portside Park, and Needle Beach offer green space and waterfront access steps away. Portsmouth itself is the oldest continuous English settlement in the United States, and Olde Towne is its living heart. The neighborhood sits on the Elizabeth River, with views and water access throughout. Getting around is easy on foot; most daily needs are within a short walk. If you're comparing homes for sale in 23704, note that this zip code encompasses the city's most historic and pedestrian-friendly blocks.

What's nearby

Daily life here is exceptionally walkable. Fish & Slips Marina Raw Bar & Grill is just 0.1 miles away, and Crawford Levee Park and Portside Park are equally close—perfect for a quick break or evening stroll. Groceries are abundant: Simply Southern Market of Hampton Roads, Market Street & General Store, and Bier Garden Gift Shop & Market are all within 0.3 miles. Coffee options include Olde Towne Coffee and Starbucks, both nearby. For fitness, Movement Studio VA is 0.3 miles away, with Riverview Aquatics Center and Effingham Street Family YMCA about 0.7 miles out. Needle Beach, another waterfront park, sits just 0.2 miles away.

For different buyers

Base commute and VA loan notes

USCG Base Portsmouth and Naval Medical Center Portsmouth are each about one minute away—an exceptionally short commute. VA loan financing is widely available in this area, and the walkable neighborhood means you can handle daily tasks on foot. The historic character and waterfront setting appeal to those seeking a distinctive, established community with deep roots.

Room to grow

This historic apartment building offers multiple units within a single structure, ideal for those seeking a multi-family investment or expanded living arrangement. The walkable Olde Towne location means you're steps from restaurants, shops, and waterfront parks. Proximity to Crawford Levee Park and Needle Beach provides outdoor space and recreation without requiring a yard. The established neighborhood offers the character and community feel that many seek when upgrading to a more distinctive address.

More buyer questions

How far is 367 Middle Street from USCG Base Portsmouth?

About one minute by car. The base is just across the bridge, making this one of the closest residential addresses to the gate.

What schools are nearby if I'm comparing homes for sale zoned for Norcom High School or homes for sale zoned for Park View Elementary School?

This address is zoned for both schools. Check the Schools tile on this listing for detailed information about each.

Is there parking at 367 Middle Street?

This is a historic apartment building; parking details depend on the specific unit. Contact a listing agent for current information.

Can I walk to restaurants and shops from this address?

Yes—Olde Towne is highly walkable. Fish & Slips, Crawford Restaurant, Gino's Pizzeria, and multiple grocery and coffee shops are all within a few blocks.

What is the waterfront access like in this neighborhood?

Crawford Levee Park, Portside Park, and Needle Beach are all within 0.2 miles, offering direct Elizabeth River access and views.

Explore this historic address and the vibrant Olde Towne neighborhood. Contact Tom & Dariya Milan 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

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 (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 515529

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

9.4 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

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

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

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.

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