1 days on market
$1,600,000
765 48th St
Norfolk, Virginia 23508
MLS# 10634189 · HIGHLAND PARK WEST · Norfolk VA
Updated 2 days ago · Source: REIN MLS
Est. payment
$9,588/mo
Edit below
Price / sq ft
$420
3,810 sq ft
Days on market
1
New listing
HOA
None
Year built
1920
106 yrs old
Beds
0
Full Baths
0
Half Baths
0
Sq Ft
3,810
Garage
N/A
Schools
- ElementaryLarchmont Elementary School7/10
- MiddleBlair Middle School4/10
- —
Info provided by GreatSchools
About this home
Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025. Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer elect…
This waterfront quadruplex in Norfolk's Highland Park West subdivision is listed at $1.6 million ($420 per square foot) and was built in 1920 with 3,810 square feet across four units. The property backs directly to the creek with deep water access and includes recent updates such as fresh paint in 2025, new dock improvements and electrical infrastructure in 2025–2026, and a finished basement with full bath and utilities. Located on a quiet dead-end road, the property sits moments from local cafes and water recreation spots popular for kayaking and paddleboarding.
Summary generated by AI from public records and publicly available information.
Listed by Julian Rivera · Iron Valley Real Est Norfolk
Location & Neighborhood
Location & Street View
765 48th ST, Norfolk
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Flood Risk
Property Details
Bedrooms
0
Full Baths
0
Half Baths
0
Approx Sq Ft
3,810
Stories
0
Fireplaces
0
Flooring
N/A
Heating
Cooling
Laundry
Interior Features
N/A
Sale & Tax History
List Price
$1,600,000
Price / Sq Ft
$420
Annual Taxes
$9,826
Monthly Tax
$819
HOA
None
Tax Rate (effective)
0.61%
Sale Timeline (this listing)
| Event | Date | Price | Detail |
|---|---|---|---|
| Listed | May 11, 2026 | $1,600,000 | — |
| Currently listed | — | $1,600,000 | — |
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
$9,588/moPrincipal & interest
$8,302
Property tax
$819
Home insurance
$467
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 Iron Valley Real Est Norfolk · MLS# 10634189
Data provided by REIN MLS. Information deemed reliable but not guaranteed.
$1,600,000
765 48th ST, NORFOLK VA 23508
Norfolk, Virginia 23508
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