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✓ Source: REIN MLS #10610808 · record updated Apr 30, 2026 · synced every 2 min · your inquiry is never resold
401 Maryland AVE, PORTSMOUTH VA 23707 - Main photo
401 Maryland AVE, PORTSMOUTH VA 23707 - Photo 2
$1,075,000
162days on market

401 Maryland Ave, Portsmouth, VA 23707

Off MarketApartments 3+ · built 1985 · PORT NORFOLK

About this home

Nicely updated brick building featuring ten 1-bedroom apartments, each approx. 724 sq ft with large, flexible rooms. Current layouts offer spacious 1BR living, but the generous square footage provides a potential value-add path to convert to 2-bedroom units (subject to zoning and approvals), creating strong upside in both rent and property value. Renovations include modern finishes, refreshed kitchens/baths, and clean common areas, making this an attractive turnkey asset today with excellent future potential. Prime Portsmouth location close to shipyards, interstates, and employment centers keeps demand strong and vacancies low. Please do not disturb residents under any circumstances.

Listing courtesy of Christian Phillips · Inlet Realty · REIN MLS #10610808

Facts & features

Type

Apartments 3+

Year built

1985

HOA

None

Taxes

$8,503/yr

County

Portsmouth VA

MLS #

10610808

Interior

Stories
2
Flooring
Laminate/LVP

Construction & exterior

Foundation
Crawl
Construction
Frame, Renovated
Roof
Asphalt Shingle
Exterior
Vinyl
Exterior features
Dryer Hookup, Washer Hookup, Window Treatments

Utilities & systems

Heating
Heat Pump W/A,Programmable Thermostat
Cooling
Central Air
Water heater
Electric
Utilities available
City Sewer, City Water, Electric

Lot, parking & ownership

Subdivision
PORT NORFOLK
Zoning
HR
Ownership
Fee Simple
Garage
No
Parking
Lot, Off Street, Street
Possession
CLOSING
Disclosures
Disclosure Statement

Sources: REIN MLS record · city assessor

Keep searching in Portsmouth

See all Portsmouth homes for sale, including homes for sale in 23707, homes for sale zoned for Churchland High School, and homes for sale zoned for Waterview Elementary School. Nearby, look at Olde Towne Portsmouth homes for sale, Portsmouth waterfront homes for sale, Portsmouth condos and townhomes for sale, and new construction homes in Portsmouth.

How Far Is?

Driving distance by road and typical drive time via Google Maps, to the nearest location of each. Straight-line distances in “What’s nearby” are shorter.

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

Portsmouth$910K – $1.2M

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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

10.1 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. Portsmouth real estate →

Location intelligence

What's nearby

Location & Neighborhood

Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.

Military Commute

Drive times to nearest bases

NMCP

Navy

9min·3.1mi

USCG Portsmouth

Coast Guard

10min·5.4mi

NNSY

Navy

9min·4.1mi

MARFORCOM

Marines

23min·8.7mi

NSA HR

Navy

23min·9mi

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

Payment Calculator

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

$6,600/mo

Principal & interest

$5,578

Property tax

$709

Home insurance

$314

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

Comparables

Asking vs. assessment

149% of $722,400

City assessment record · taxes $8,503/yr

Land share of assessed value

25% — $180,000

Improvements $542,400 · assessor record ✓

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

Sale & Tax History

List Price

$1,075,000

Price / Sq Ft

$0

Annual Taxes

$8,503

Monthly Tax

$709

HOA

None

Tax Rate (effective)

0.79%

Sale Timeline (this listing)

EventDatePriceDetail
ListedFeb 23, 2026$1,075,000—
Currently listed—$1,075,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

49% above assessment

Total Assessed

$722,400

Land

$180,000

Improvement

$542,400

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.

Questions buyers ask

Is 401 Maryland Ave in a good school zone?+
The assigned zones on the listing record are Waterview Elementary (VaHome School Score 1.6/10), Churchland Middle (VaHome School Score 3.5/10), Churchland (VaHome School Score 6.6/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 401 Maryland Ave 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.
Does 401 Maryland Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 401 Maryland Ave built?+
It was built in 1985, 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

Listing courtesy of Christian Phillips · Inlet Realty · REIN MLS #10610808

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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401 Maryland Ave, Portsmouth — photo

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

Call or text (757) 777-7577

401 Maryland Ave, Portsmouth, Virginia 23707 · MLS #10610808 · 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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