113 days on market
$1,500,000
1315 Little Bay Ave
Norfolk, Virginia 23503
MLS# 10616857 · WILLOUGHBY BEACH · Norfolk VA
Updated Feb 18, 2026 · Source: REIN MLS
Est. payment
$9,314/mo
Edit below
Price / sq ft
$0
0 sq ft
Days on market
113
HOA
None
Year built
1979
47 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
0
Garage
No
Schools
- ElementaryOcean View Elementary School4/10
- MiddleNorthside Middle School3/10
- 2/10
Info provided by GreatSchools
About this home
Value-add 12-unit multifamily opportunity: (12) 2-bedroom apartments at 1315 Little Bay Ave with an all-2BR unit mix. Minutes to local beaches with quick access to the interstate and major military bases. Solid brick exterior with strong curb appeal and excellent interstate visibility in a high-traffic corridor. Rents are currently below market, while unit turnovers are in progress—creating a near-term runway to reno…
This 12-unit multifamily property in Willoughby Beach, Norfolk, is listed at $1.5 million and has been on the market for 113 days. Built in 1979 with a solid brick exterior, the all-2-bedroom apartment complex sits in a high-traffic corridor with quick access to the interstate and major military bases. Current rents are below market with unit turnovers underway, and on-site laundry provides additional income potential.
Summary generated by AI from public records and publicly available information.
Listed by Christian Phillips · Inlet Realty
Location & Neighborhood
Location & Street View
1315 Little Bay AVE, Norfolk
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
0
Full Baths
0
Half Baths
0
Approx Sq Ft
0
Stories
2
Fireplaces
0
Flooring
Carpet, Laminate/LVP
Heating
Basebd,Heat Pump W/A
Cooling
Window/Wall
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$1,500,000
Price / Sq Ft
$0
Annual Taxes
$13,123
Monthly Tax
$1,094
HOA
None
Tax Rate (effective)
0.87%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Jan 16, 2026 | $1,500,000 | — |
| Currently listed | — | $1,500,000 | — |
Public-Records Assessment
Source: Norfolk via Hampton Roads Regional Parcels. Fetched May 8, 2026.
Total Assessed
$1,066,900
Land
$126,500
Improvement
$940,400
Parcel ID: 1521889731 · 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:
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 Norfolk
Norfolk offers some of the most diverse housing options in Hampton Roads — historic Ghent townhomes, Larchmont craftsmen, modern downtown condos, and bungalow neighborhoods in Park Place and Colonial Place. As home to Naval Station Norfolk (the largest naval complex in the world) and the headquarters of NATO Allied Command Transformation, the city has consistent demand from active-duty military, DoD civilians, and contractors, making it especially friendly to VA loan buyers.
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
$9,314/moPrincipal & interest
$7,783
Property tax
$1,094
Home insurance
$438
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# 10616857
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$1,500,000
1315 Little Bay AVE, NORFOLK VA 23503
Norfolk, Virginia 23503
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