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Norfolk › HIGHLAND PARK WEST › 765 48th St✓ Source: REIN MLS #10634189 · record updated May 20, 2026 · synced every 2 min · your inquiry is never resold
765 48th ST, NORFOLK VA 23508 - Main photo
765 48th ST, NORFOLK VA 23508 - Photo 2
765 48th ST, NORFOLK VA 23508 - Photo 3
765 48th ST, NORFOLK VA 23508 - Photo 4
765 48th ST, NORFOLK VA 23508 - Photo 5
$1,600,000
$420 / sqft · est. $9,588/mo →
3,810sqft
8days on market

765 48th St, Norfolk, VA 23508

ActiveMulti Family Residential · built 1920 · HIGHLAND PARK WEST

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Bulkhead, Dock, Deep Water Access, Deep Water, Navigable, River.

Frontage

River ✓ VERIFIED

Dock

Dock

Shoreline

Bulkheaded

Access

Deep-water access

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

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 electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink. Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.

Listing courtesy of Julian Rivera · Iron Valley Real Est Norfolk · REIN MLS #10634189

VaHome team overview

Our read on this home

At a glance

765 48th Street is a century-old multi-family property in Norfolk's Highland Park West neighborhood, offering 3,810 square feet of living space built in 1920. Its location puts Naval Medical Center Portsmouth and USCG Base Portsmouth each within single-digit minutes by car.

Read the full overview ↓

Why this home stands out

What sets 765 48th Street apart is the combination of serious square footage — 3,810 feet across a multi-family footprint — and a location that's genuinely hard to beat for anyone connected to the Portsmouth military corridor. The 1920 construction means real architectural bones: thick walls, established proportions, and the kind of craftsmanship that newer builds rarely replicate. Highland Park West adds a walkable, tree-lined residential backdrop that feels grounded and lived-in.

HIGHLAND PARK WEST and the Norfolk real estate market

Highland Park West sits in the western reaches of Norfolk, a city whose older residential districts carry a distinct character shaped by early-twentieth-century development. The streets here are lined with mature trees and homes that were built to last, and the neighborhood has maintained a cohesive, human-scaled feel that larger subdivisions rarely achieve. If you're browsing norfolk va homes for sale and want something with genuine neighborhood identity rather than cookie-cutter uniformity, Highland Park West consistently stands out. Norfolk itself spans from the waterfront to inland corridors, and this pocket lands you close to the Portsmouth border — meaning you get city amenities without fighting through the core for your daily commute. The broader area rewards people who appreciate walkable blocks, proximity to independent businesses, and a neighborhood where front porches still get used.

What's nearby

Daily life is well-supported from 48th Street. The Ghent and Colley Avenue commercial strips are a short drive east, offering coffee shops, restaurants, and specialty grocery options. Broad Creek and the Lafayette River are within the broader Norfolk grid for outdoor access. The Medical Center Boulevard corridor near Naval Medical Center Portsmouth puts pharmacies, urgent care, and everyday retail within easy reach. USCG Base Portsmouth sits just minutes in the other direction, keeping the commute short for Coast Guard personnel. Interstate 264 access is nearby, connecting you to the wider Hampton Roads region without a long surface-street slog.

For different buyers

For military families relocating

Six minutes to Naval Medical Center Portsmouth and seven to USCG Base Portsmouth — that's the kind of commute that changes daily life for military households. A VA loan can make a multi-family property like this one especially strategic, and BAH rates in the Norfolk-Portsmouth area are structured to support exactly this price tier. For families who move frequently, being this close to two installations means less time in the car and more time at home.

For buyers drawn to character

Homes built in 1920 don't apologize for having a point of view. The proportions are deliberate, the construction is substantial, and 3,810 square feet gives you room to work with without gutting the character that makes older Norfolk architecture worth preserving. Highland Park West has the kind of streetscape that rewards buyers who want a home with history — not a house that looks like it was assembled from a catalog. If authenticity matters to you, this address delivers it.

More buyer questions

How far is 765 48th Street from Naval Medical Center Portsmouth?

The drive runs approximately 6 minutes under normal traffic conditions, making it one of the closer residential options to the medical center in this part of Norfolk.

How far is 765 48th Street from USCG Base Portsmouth?

USCG Base Portsmouth is about 7 minutes away by car, a straightforward commute that keeps Coast Guard personnel close to their installation without sacrificing neighborhood quality.

What is the Highland Park West neighborhood like?

Highland Park West is a mature, tree-lined residential district in western Norfolk with early-twentieth-century architecture, walkable blocks, and a grounded neighborhood character that distinguishes it from newer suburban developments.

Is 765 48th Street in a flood zone?

Flood zone designation for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the most accurate and up-to-date information.

Does 765 48th Street have an HOA?

Based on available information, this property does not carry an HOA, which means no association fees or deed restrictions tied to a homeowners association.

Want to walk through 765 48th Street or talk through what a multi-family property in Highland Park West could look like for your situation? Tom and Dariya Milan at LPT Realty are ready to help.

Summary generated by AI from public records and publicly available information.

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Multi Family Residential

Year built

1920

Price / sqft

$420

HOA

None

Taxes

$9,826/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10634189

Interior

Approx. sqft
3,810

Construction & exterior

Style
Converted S.F.
Subtype
Quadruplex
Foundation
Basement
Roof
Asphalt Shingle
Exterior
Shingle,Vinyl
Fencing
Back Fenced,Full,Wood Fence
Waterfront
Bulkhead,Dock,Deep Water Access,Deep Water,Navigable,River
Deep-water access
Yes

Utilities & systems

Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot features
Shed
Subdivision
HIGHLAND PARK WEST
Zoning
C-2
Ownership
Fee Simple
Possession
SETTLEMENT
Disclosures
Disclosure Statement

See more Norfolk waterfront homes.

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

Flood & environment

FEMA flood zone AE · base flood elevation 8 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 510104

Flood Risk

Looking up FEMA flood zone…

Zone AE typically means lenders require flood insurance — factor it into the monthly numbers below.

Hurricane Evacuation Zone

Evacuation Zone A

Source: Virginia Dept. of Emergency Management — Know Your Zone

Explore this neighborhood

Colonial Place

Colonial Place is a historic residential neighborhood in Norfolk, Virginia, known for its tree-lined streets and early 20th-century architecture.

$365K

Median sale · 12 mo

$242

Sold $/sq ft

12d

Days on market

11

For sale now

$85K

HH income

56.4%

Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Colonial Place →
Map of Colonial Place with neighborhood boundaryNeighborhood

Norfolk real estate →

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive 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.

The numbers

Run the real carrying cost

Homes at this tier often trade in cash or portfolio financing — the calculator below shows a financed view; taxes are from the public record.

Estimate your monthly payment

$9,588/mo

Principal & 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.

Value & history

Judge value on real ground

Asking vs. assessment

200% of $798,900

City assessment record · taxes $9,826/yr

Land share of assessed value

35% — $283,000

Improvements $515,900 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$400,000 – $1,010,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

771 48th ST W · 0 mi · 3,104 sqft$750,000 sold 2026-04
1349 Graydon AVE · 1.4 mi · 3,805 sqft$829,000 sold 2026-06
819 W 35th ST · 0.7 mi · 4,400 sqft$400,000 sold 2026-03

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)

EventDatePriceDetail
ListedMay 12, 2026$1,600,000—
Currently listed—$1,600,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

100% above assessment

Total Assessed

$798,900

Land

$283,000

Improvement

$515,900

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:

Norfolk Real Estate Assessor

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.

Market tempo

8 days on market — read it in context

Higher-priced homes market more slowly by nature: the buyer pool is smaller and diligence is heavier. Days-on-market at this tier is a rhythm, not a warning.

Questions buyers ask

Real questions, answered from the record

Is 765 48th St in a good school zone?+
The assigned zones on the listing record are Larchmont Elementary (GreatSchools 7/10), Blair Middle (GreatSchools 4/10), Maury (GreatSchools 3/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 765 48th St in a flood zone?+
FEMA maps this parcel in Zone AE with a base flood elevation of 8 ft — a high-risk flood band where lenders typically require flood insurance. See the flood section on this page for the full details and sources, and verify with an elevation certificate.
Is there a gym near 765 48th St?+
Yes — GUD Yoga is about 0.1 miles away, per the cached nearby-places record for this address.
Are there parks near 765 48th St?+
47th Street Rain Garden is about 0.1 miles away.
Where is the nearest grocery store to 765 48th St?+
NuLand Hot Stuff Company is about 0.2 miles away. The closest dining on record is Mazzika Hookah Lounge (0.1 mi).
Is 765 48th St a waterfront property?+
Yes. The listing record shows: Bulkhead,Dock,Deep Water Access,Deep Water,Navigable,River.
Does 765 48th St have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 765 48th St built?+
It was built in 1920, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Julian Rivera · Iron Valley Real Est Norfolk · REIN MLS #10634189

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

765 48th St, Norfolk — photo

See it in person — the record only says so much.

Call or text (757) 777-7577

765 48th St, Norfolk, Virginia 23508 · MLS #10634189 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.

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