85 days on market
$2,550,000
831 W Ocean View Ave
Norfolk, Virginia 23503
MLS# 10620197 · WILLOUGHBY BEACH · Norfolk VA
Updated Feb 25, 2026 · Source: REIN MLS
Est. payment
$16,214/mo
Edit below
Price / sq ft
$0
0 sq ft
Days on market
85
HOA
None
Year built
1965
61 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
0
Garage
No
Schools
- ElementaryLittle Creek Elementary School4/10
- MiddleNorview Middle School2/10
- 2/10
Info provided by GreatSchools
About this home
831 W Ocean View Ave in Norfolk offers a rate 16-unit, 2BR/1BA multifamily opportunity featuring true Class A finishes throughout. Investors will appreciate the premium unit quality and strong tenant appeal in the Ocean View submarket, minutes to the beach, dining and major commuter routes. The property has already been converted to condominiums, creating multiple exit strategies--operate as a stabilized rental, exec…
This 16-unit multifamily property in Willoughby Beach, Norfolk, is priced at $2.55 million and was built in 1965 with subsequent renovations to Class A finishes. The building has been converted to condominiums, offering flexibility for operation as a rental, condo sales, or hybrid strategy. Located minutes from the beach and major commuter routes, the property has been on the market for 85 days.
Summary generated by AI from public records and publicly available information.
Listed by Christian Phillips · Inlet Realty
Location & Neighborhood
Location & Street View
831 W Ocean View AVE, Norfolk
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Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
0
Stories
2
Fireplaces
0
Flooring
Vinyl, Wood
Heating
Cooling
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$2,550,000
Price / Sq Ft
$0
Annual Taxes
$26,862
Monthly Tax
$2,239
HOA
None
Tax Rate (effective)
1.05%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | Feb 13, 2026 | $2,550,000 | — |
| Currently listed | — | $2,550,000 | — |
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 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
$16,214/moPrincipal & interest
$13,231
Property tax
$2,239
Home insurance
$744
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# 10620197
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$2,550,000
831 W Ocean View AVE, NORFOLK VA 23503
Norfolk, Virginia 23503
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