Home/Virginia/Portsmouth/PORT NORFOLK/401 Maryland AVE, PORTSMOUTH VA 23707
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Coming Soon
Active
Under Contract
Sold
Off Market

162 days on market

$1,075,000

401 Maryland Ave

Portsmouth, Virginia 23707

MLS# 10610808 · PORT NORFOLK · Portsmouth VA

Updated Apr 30, 2026 · Source: REIN MLS

Est. payment

$6,600/mo

Edit below

Price / sq ft

$0

0 sq ft

Days on market

162

HOA

None

Year built

1985

41 yrs old

Beds

0

Full Baths

0

Half Baths

0

Sq Ft

0

Garage

No

Apartments 3+2 StorySingle Family

Schools

Info provided by GreatSchools

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 clea…

Listed by Christian Phillips · Inlet Realty

Location & Neighborhood

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Flood Risk

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Property Details

Bedrooms

0

Full Baths

0

Half Baths

0

Approx Sq Ft

0

Stories

2

Fireplaces

0

Flooring

Laminate/LVP

Heating

Heat Pump W/A,Programmable Thermostat

Cooling

Central Air

Laundry

Interior Features

N/A

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
ListedNov 28, 2025$1,075,000
Currently listed$1,075,000

Public-Records Assessment

Source: Portsmouth via Hampton Roads Regional Parcels. Fetched May 8, 2026.

49% above assessment

Total Assessed

$722,400

Land

$180,000

Improvement

$542,400

Parcel ID: 01340280 · View on city GIS portal

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.

About buying in Portsmouth

Homes for sale in Portsmouth, VA combine historic charm with the most affordable entry prices in Hampton Roads. Olde Towne Portsmouth (23704) features cobblestone streets and Federalist-era row houses overlooking the Elizabeth River, with active listings typically ranging $250K-$500K. Western Portsmouth's Churchland neighborhood (23703) offers larger suburban homes, top schools, and direct commutes to Norfolk Naval Shipyard. Park View (23707) and Cradock (23702) provide some of the most affordable single-family inventory in the region, often under $200K. Portsmouth's biggest employers are Norfolk Naval Shipyard (one of the largest ship-repair facilities in the country) and Naval Medical Center Portsmouth — Hampton Roads' largest military hospital. Active-duty military and shipyard families make up a significant share of buyers, and VA loan financing is common. Portsmouth Public Schools includes Churchland High, Manor High, and I.C. Norcom High; Churchland is consistently among the city's top-performing high schools. Buyers looking for waterfront views without Virginia Beach prices often find Portsmouth's Olde Towne and Hodges Ferry areas particularly attractive. Browse every active Portsmouth listing below, refreshed every 5 minutes from the REIN MLS.

See more Portsmouth homes for sale →

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.

Estimate your monthly payment

$6,600/mo

Principal & interest

$5,578

Property tax

$709

Home insurance

$314

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 Inlet Realty · MLS# 10610808

Data provided by REIN MLS. Information deemed reliable but not guaranteed.

OFF MARKET

$1,075,000

401 Maryland AVE, PORTSMOUTH VA 23707

Portsmouth, Virginia 23707

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Quick Facts

TypeApartments 3+
Year Built1985
Lot Size
Taxes$8,503/yr
HOANone
HeatingHeat Pump W/A,Programmable Thermostat
CoolingCentral Air

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