501 Madison St, Portsmouth, VA 23704

Why this home stands out

Built in 2023, this home skips the renovation headaches that come with older Portsmouth stock. You get modern mechanicals, current building codes, and a fresh interior in a city where most of the housing inventory dates back decades. Four bedrooms and 2.5 baths in nearly 2,000 square feet gives you genuine room to spread out — and the proximity to Norfolk Naval Shipyard is genuinely hard to beat anywhere in Hampton Roads.

SOUTHSIDE and the Portsmouth real estate market

501 Madison Street sits in Portsmouth, Virginia — one of the seven cities of Hampton Roads and one of the oldest port communities on the East Coast. The blocks around Madison Street have a working-class, close-knit character: front porches, walkable streets, and neighbors who actually know each other. Portsmouth sits directly across the Elizabeth River from Norfolk, connected by the Downtown Tunnel and the Midtown Tunnel, which keeps the broader metro within easy reach. The city is undergoing steady reinvestment — the Olde Towne historic district, the waterfront, and the Portsmouth Naval Medical Center corridor all reflect a community with deep roots and active momentum. For military households, Portsmouth's location is a genuine strategic advantage: Norfolk Naval Shipyard is essentially in the backyard, and USCG Base Portsmouth is only minutes away. Daily life here moves at a grounded pace without sacrificing access to everything Hampton Roads has to offer.

What's nearby

Groceries are a non-issue — Save & Save Supermarket and Bolden Grocery are both within 0.1 miles, and Church Food Mart is just half a mile out. Subway is right there at 0.1 miles when you need a quick lunch, and Mariner's Reef Cafe is 0.6 miles away for a proper coffee stop. Jefferson Park is a short 0.3-mile walk for fresh air, with Trophy Park and Gosport Park rounding out your outdoor options nearby. Fitness is covered by Brikhouse Boxing and Fitness at 0.4 miles, Callaghan Gym and Fitness Center at 0.7 miles, and the Effingham Street Family YMCA less than a mile away.

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