22 days on market
$225,000
509 Truman Cir
Portsmouth, Virginia 23701
MLS# 10635246 · VICTORY PARK · Portsmouth VA
Updated 2 days ago · Source: REIN MLS
Est. payment
$1,421/mo
Edit below
Price / sq ft
$243
926 sq ft
Days on market
22
HOA
None
Year built
1956
70 yrs old
Beds
3
Full Baths
1
Half Baths
0
Sq Ft
926
Garage
No
About this home
Move-in ready 3-bedroom, 1-bath single-family home featuring a brand-new roof installed in 2024 for added peace of mind. Conveniently located near Rivers Casino Portsmouth, with easy access to major roads, shopping, and dining. Whether you're looking for your next home or an investment opportunity, this property delivers value and location. Schedule your tour today!
Listed by Jasmine Ferguson · BPRE
VaHome Team property overview
509 Truman Circle is a 1956 single-family home in Portsmouth's Victory Park neighborhood, offering three bedrooms, one bath, and 926 square feet of living space just eight minutes from Norfolk Naval Shipyard — a compact, practical address in a well-established community.
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Why this home stands out
What sets 509 Truman Circle apart is its location in the heart of Victory Park, a mid-century neighborhood where the streets are quiet and the commute to Norfolk Naval Shipyard is genuinely short. The 1956 construction gives the home a solid, no-frills bones that buyers looking for a manageable footprint — without the density of a condo or townhome — tend to appreciate. Three bedrooms in under a thousand square feet means every room earns its keep.
VICTORY PARK and the Portsmouth real estate market
Victory Park sits in the southern reaches of Portsmouth, Virginia, a city with deep maritime roots and one of the most storied shipyard histories on the East Coast. The neighborhood took shape in the post-war years, and that era is still visible in the uniform lot sizes, modest setbacks, and the kind of tree-lined blocks that feel genuinely lived-in rather than recently manufactured. Portsmouth as a whole offers something rare in Hampton Roads: a walkable, urban-ish texture alongside easy access to the water and the region's major military installations. Victory Park specifically draws residents who want proximity to Norfolk Naval Shipyard without paying the premium of waterfront-adjacent zip codes. The streets here are calm, the neighbors tend to stay a while, and the overall pace leans residential rather than commercial. It's a straightforward place to put down roots — close to work, close to daily conveniences, and connected to the broader Portsmouth and Hampton Roads area by a web of surface roads that keep commutes predictable.
What's nearby
Daily errands are easy from Truman Circle. Royal Farms is under a mile away for quick grocery and convenience runs, and Amoco covers similar ground at 0.6 miles. When you'd rather let someone else cook, Tony's Crab & Seafood, Prince Fried Chicken, and Quickies By Renee are all within half a mile — a solid lineup for weeknight dinners. Coffee is well-covered too: a 7-Eleven is just 0.6 miles out, Crossings Cafe sits at 0.9 miles for a sit-down cup, and a Starbucks rounds things out at the one-mile mark.
For different buyers
For military families relocating
Eight minutes to Norfolk Naval Shipyard and nine to USCG Base Portsmouth makes 509 Truman Circle one of the more commute-friendly addresses in this part of Portsmouth. For active-duty households, that kind of proximity matters — especially during deployment cycles when one partner is managing everything solo. A VA loan can make this size of home very accessible, and Victory Park's stable neighborhood character suits families who move often and need a place that feels settled quickly.
For first-time buyers
If you're buying your first home, 509 Truman Circle offers a low-pressure entry point into Portsmouth homeownership. The 926-square-foot footprint keeps maintenance manageable, the three-bedroom layout gives you room to grow or share, and Victory Park's established character means you're buying into a neighborhood with real history rather than a brand-new development still finding its footing. It's a practical first step without feeling like a compromise.
Frequently asked questions
How far is 509 Truman Circle from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately 8 minutes by car from 509 Truman Circle, making it one of the closer residential addresses to the shipyard in Portsmouth. The drive is straightforward on surface roads with no highway required.
What neighborhood is 509 Truman Circle in?
The home is located in Victory Park, a post-war residential neighborhood in southern Portsmouth, Virginia. Victory Park developed primarily in the 1950s and retains a quiet, established character typical of mid-century Hampton Roads communities.
How big is the lot at 509 Truman Circle?
Lot size details are available in the full property record for 509 Truman Circle. The Victory Park neighborhood generally features modest, uniform lots consistent with 1950s suburban development patterns.
Is 509 Truman Circle in a flood zone?
Flood zone designation for 509 Truman Circle is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the property's specific parcel. It's worth reviewing before making any decisions about flood insurance.
Does 509 Truman Circle have a garage?
Garage and parking details for this property are listed in the full specifications section of this page. Given the 1956 construction era and Victory Park's typical lot configuration, off-street parking options vary by parcel.
Want to know more about 509 Truman Circle or Victory Park? Tom and Dariya Milan at LPT Realty know this part of Portsmouth well — reach out and let's talk through what this address could mean for you.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Places within ~1 mile, ordered by distance from this property. Powered by Google Places.
Flood Risk
Property Details
Bedrooms
3
Full Baths
1
Half Baths
0
Approx Sq Ft
926
Stories
1
Fireplaces
0
Flooring
Ceramic, Laminate/LVP
Heating
Cooling
Laundry
Interior Features
N/A
Appliances
Dishwasher, Dryer, Dryer Hookup, Range, Refrigerator, Washer, Washer Hookup
Sale & Tax History
List Price
$225,000
Price / Sq Ft
$243
Annual Taxes
$2,254
Monthly Tax
$188
HOA
None
Tax Rate (effective)
1.00%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 16, 2026 | $225,000 | — |
| Currently listed | — | $225,000 | — |
Public-Records Assessment
Source: City Assessor via Hampton Roads Regional Parcels. Fetched May 26, 2026.
Total Assessed
$181,800
Land
$60,500
Improvement
$121,300
Parcel ID: 05420390
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:
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.
Military Commute
Drive times to nearest basesDrive 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
$1,421/moPrincipal & interest
$1,167
Property tax
$188
Home insurance
$66
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 BPRE · MLS# 10635246
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$225,000
509 Truman CIR, PORTSMOUTH VA 23701
Portsmouth, Virginia 23701
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