3 days on market
$225,000
509 Truman Cir
Portsmouth, Virginia 23701
MLS# 10635246 · VICTORY PARK · Portsmouth VA
Updated 3 days ago · Source: REIN MLS
Est. payment
$1,421/mo
Edit below
Price / sq ft
$243
926 sq ft
Days on market
3
New listing
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
Meet 509 Truman Circle — a compact, well-located 3-bedroom home in Portsmouth's Victory Park neighborhood, built in 1956 and sitting just minutes from Norfolk Naval Shipyard and USCG Base Portsmouth. At 926 square feet, it's an efficient, easy-to-maintain home with a tight-knit community feel.
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Why this home stands out
What sets 509 Truman Circle apart is its unbeatable proximity to two major installations — Norfolk Naval Shipyard and USCG Base Portsmouth are both under ten minutes away, making daily commutes genuinely short. Victory Park is an established mid-century neighborhood where the streets are quiet and the lots are manageable. For anyone who values location above square footage, this address delivers exactly that.
VICTORY PARK and the Portsmouth real estate market
Victory Park is one of Portsmouth's established mid-century neighborhoods, developed largely in the 1950s when the city was growing rapidly around its military and industrial roots. The streets here have a settled, lived-in character — modest homes, mature trees, and neighbors who tend to stay a while. Portsmouth itself sits at the heart of Hampton Roads, bordered by the Elizabeth River and connected to Norfolk via the Downtown and Midtown tunnels. It's a city with real history, a revitalized downtown waterfront, and a working-class backbone that gives it genuine personality. While buyers sometimes compare options like cedar grove townhomes or newer attached-home communities nearby, Victory Park offers something those developments don't: freestanding single-family homes in an area that's already fully established. The neighborhood sits in the southern part of the city, close to major roads that fan out toward every corner of Hampton Roads, making it a practical base for anyone with a demanding schedule or multiple destinations throughout the week.
What's nearby
Daily errands are easy from Truman Circle. Royal Farms and Amoco are both within a mile for quick grocery and convenience runs. When it's time to eat, Tony's Crab & Seafood, Prince Fried Chicken, and Quickies By Renee are all within half a mile — solid local options that reflect Portsmouth's no-fuss food culture. Coffee is covered too: a 7-Eleven is just 0.6 miles out for a quick stop, Crossings Cafe is under a mile for something more relaxed, and Starbucks Coffee Company rounds out the options at about a mile away.
For different buyers
For military families relocating
For active-duty members and their families, the location here is hard to beat. Norfolk Naval Shipyard is roughly 8 minutes away, and USCG Base Portsmouth is about 9 — both well within a comfortable daily commute. Using a VA loan to purchase in this price range can make strong financial sense, and BAH rates in the Portsmouth area are designed with neighborhoods like Victory Park in mind.
For first-time buyers
If you're stepping into homeownership for the first time, 509 Truman Circle offers a straightforward entry point. Three bedrooms, one bath, and 926 square feet means lower utility costs and less maintenance to manage while you build equity. Victory Park is a stable, established neighborhood — the kind of place where first-time buyers can settle in without feeling like they're figuring everything out at once.
Frequently asked questions
How far is 509 Truman Circle from Norfolk Naval Shipyard?
Norfolk Naval Shipyard is approximately 8 minutes from 509 Truman Circle by car, making it one of the closest residential options to the base in the Portsmouth area.
How far is 509 Truman Circle from USCG Base Portsmouth?
USCG Base Portsmouth is about 9 minutes away by car — a short, straightforward commute that avoids most of the major Hampton Roads traffic corridors.
What is the flood zone status for 509 Truman Circle?
Flood zone information for this address is displayed in the dedicated FloodRisk tile on this page — check there for the most current FEMA designation.
What year was 509 Truman Circle built?
The home was built in 1956, placing it squarely in the mid-century era when Victory Park and much of surrounding Portsmouth were developed.
Is there an HOA at 509 Truman Circle in Victory Park?
Victory Park is a traditional single-family neighborhood and this property does not carry an HOA, meaning no mandatory association fees or governing restrictions beyond standard city ordinances.
Want to know more about 509 Truman Circle or Victory Park? Tom and Dariya Milan at LPT Realty are ready to walk you through everything — reach out and let's talk.
Summary generated by AI from public records and publicly available information.
Location & Neighborhood
Location & Street View
509 Truman CIR, Portsmouth
Map and Street View imagery © Google. Imagery may not be current.
Map data ©Google. Click and drag inside the map to explore the surrounding area.
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 | — |
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
Portsmouth combines historic naval heritage with affordable, character-rich neighborhoods. Olde Towne Portsmouth offers tree-lined streets of restored 18th- and 19th-century homes with sweeping Elizabeth River views — one of the largest collections of pre-Revolutionary architecture in the country. Churchland, Cradock, and West Park View provide established family neighborhoods at price points well below comparable Norfolk or Virginia Beach properties. The city is home to Norfolk Naval Shipyard, one of the Navy's oldest and largest, ensuring consistent demand from civilian shipyard workers and active-duty Navy personnel.
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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