Skip to main content
PortsmouthOLDE TOWNE367 Middle St✓ Source: REIN MLS #10638682 · record updated Jul 2, 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
$650,000
22days on market

367 Middle St, Portsmouth, VA 23704

ActiveApartments 3+ · built 1852 · OLDE TOWNE

About this home

The listing, in the seller's words

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

VaHome team overview

Our read on this home

At a glance

367 Middle Street is a multi-unit property in the heart of historic downtown Portsmouth, Virginia, built in 1852 — making it one of the older surviving structures in a city celebrated for its 18th- and 19th-century architectural heritage. It sits within walking distance of both USCG Base Portsmouth and Naval Medical Center Portsmouth.

Read the full overview ↓

Why this home stands out

What sets 367 Middle Street apart is its age. Buildings from 1852 are rare anywhere in Hampton Roads, and rarer still when they're standing on an active, walkable city block rather than behind a velvet rope. This address puts you inside Portsmouth's historic core — not just near it — where Greek Revival and Italianate facades line the same streets they did before the Civil War.

OLDE TOWNE and the Portsmouth real estate market

Middle Street runs through the oldest part of Portsmouth, Virginia, a city that predates the American Revolution and still wears that history openly. The blocks around 367 Middle Street are part of the Olde Towne Portsmouth historic district, a walkable grid of brick sidewalks, gas-style lanterns, and 18th- and 19th-century architecture that draws preservationists and history enthusiasts from across the region. Portsmouth sits on the western bank of the Elizabeth River, directly across from downtown Norfolk, and the two cities are connected by the Passenger Ferry — a short, scenic crossing that functions as a genuine commuter option. Within Portsmouth itself, the waterfront is close, the dining scene along High Street is within easy reach, and the overall pace of Olde Towne rewards people who like to walk to things. This is a city with real bones, and Middle Street sits right at the center of them.

What's nearby

Day-to-day life from 367 Middle Street is remarkably self-contained. USCG Base Portsmouth is essentially at the end of the block — a one-minute drive or a short walk. Naval Medical Center Portsmouth is equally close, making this address one of the few in Hampton Roads where two major installations are both within a minute of the front door. The Olde Towne waterfront, the Portsmouth Passenger Ferry terminal, and the dining and coffee options along High Street and Crawford Street are all within comfortable walking distance. For larger grocery runs and retail, Downtown Norfolk is a ferry ride away.

For different buyers

For military families relocating

If you're attached to USCG Base Portsmouth or Naval Medical Center Portsmouth, it's hard to imagine a more convenient address than 367 Middle Street. Both installations are roughly one minute away — a commute that barely registers. For service members weighing a VA loan and wanting to eliminate the daily drive entirely, this location is genuinely difficult to beat in all of Hampton Roads.

For buyers drawn to character

A building from 1852 isn't just old — it's a document. Every layer of paint, every wide-plank floor, every thick masonry wall at 367 Middle Street carries 170-plus years of Portsmouth history. If you're the kind of buyer who finds a certificate of occupancy from the 1850s more compelling than a granite countertop upgrade, this address was built — literally — for you.

More buyer questions

How far is 367 Middle Street from USCG Base Portsmouth?

USCG Base Portsmouth is approximately one minute from 367 Middle Street by car, and the base entrance is within walking distance depending on which gate you use. It's one of the closest residential addresses to that installation in the city.

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

Naval Medical Center Portsmouth is also roughly one minute away — the two installations essentially bracket this part of downtown Portsmouth, making 367 Middle Street exceptionally convenient for personnel attached to either command.

What is the Olde Towne Portsmouth historic district?

Olde Towne Portsmouth is one of the largest and best-preserved urban historic districts in Virginia, encompassing hundreds of structures from the 18th and 19th centuries. The district is listed on the National Register of Historic Places and is known for its walkable streetscape and architectural variety.

Is 367 Middle Street in a flood zone?

Portsmouth's proximity to the Elizabeth River and the Chesapeake Bay means flood zone status varies block by block in this part of the city. Check the dedicated FloodRisk tile on this page for the specific designation assigned to 367 Middle Street.

Can you use a VA loan to purchase a multi-unit property like 367 Middle Street?

VA loans can be used to purchase multi-unit properties of up to four units, provided the buyer intends to occupy one of the units as a primary residence. A VA loan specialist can confirm eligibility based on the specific configuration of this property and your service status.

Tom and Dariya Milan at LPT Realty know this neighborhood and both nearby installations well. Reach out to get your questions answered and arrange a walkthrough of 367 Middle Street.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

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

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

$4,178/mo

Principal & interest

$3,373

Property tax

$616

Home insurance

$190

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

Judge value on real ground

Asking vs. assessment

109% of $596,290

City assessment record · taxes $7,394/yr

Land share of assessed value

30% — $180,800

Improvements $415,490 · 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.

Sale & Tax History

List Price

$650,000

Price / Sq Ft

$0

Annual Taxes

$7,394

Monthly Tax

$616

HOA

None

Tax Rate (effective)

1.14%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 10, 2026$650,000
Currently listed$650,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

9% above 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

22 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

Real questions, answered from the record

Is 367 Middle St in a good school zone?+
The assigned zones on the listing record are Park View Elementary (GreatSchools 5/10), Churchland Middle (GreatSchools 5/10), 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

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.