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NorfolkHIGHLAND PARK WEST765 48th St✓ Source: REIN MLS #10634189 · record updated Sep 1, 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
3,810sqft
113days 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

Facts & features

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

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 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

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

765 48th Street is a 3,810-square-foot multi-family property built in 1920 in Norfolk, Virginia — a century-old structure with real scale, sitting minutes from Naval Medical Center Portsmouth and surrounded by one of the city's most walkable, character-rich corridors.

Read the full overview ↓

Why this home stands out

What sets 765 48th Street apart is the combination of substantial square footage — 3,810 feet across a 1920-built multi-family footprint — and a location that puts you within a short walk of local grocers, craft breweries, yoga studios, and green spaces. Properties with this much space and this much neighborhood energy in the 23508 zip code are genuinely rare. The bones are a century old; the block around it has never been more alive.

HIGHLAND PARK WEST and the Norfolk real estate market

The 23508 zip code sits in the heart of Norfolk, a city of roughly 240,000 anchored by one of the largest naval complexes in the world and a deeply layered urban culture. The stretch of Norfolk surrounding 48th Street blends early-twentieth-century residential architecture with an increasingly vibrant independent business scene — think craft breweries, neighborhood produce markets, and yoga studios all within a few blocks of a front porch. Rhode Island Circle and Delaware Circle give the area a parkway feel that softens the grid. Among homes for sale in Norfolk, addresses in this pocket stand out for how much daily life you can handle on foot. The city itself offers easy access to the Elizabeth River waterfront, the Chrysler Museum of Art, and a regional highway network that connects you to Virginia Beach, Chesapeake, and the Peninsula without much effort.

What's nearby

Daily errands barely require a car from 765 48th Street. The Ten Top Market and Westside Produce and Provisions are both 0.3 miles away, and NuLand Hot Stuff Company adds a third grocery option at 0.4 miles. When you want to sit down, Bakehouse Pizza at Elation and Elation Brewing are right around the corner. Voyager Coffee and Starving Artist Cafe handle morning routines. For fitness, Universal Combat Center and GUD Yoga are 0.3 miles out, with Tidewater Gymnastics Academy a half-mile away. Rhode Island Circle and the 47th Street Rain Garden offer quick green-space escapes within a few minutes on foot.

For different buyers

For military families relocating

Naval Medical Center Portsmouth is a six-minute drive, and USCG Base Portsmouth is seven minutes out — making 765 48th Street one of the more strategically located addresses for dual-service households or anyone maximizing a VA loan in this part of Hampton Roads. The multi-family footprint also gives you flexibility that a standard single-family home simply cannot match.

For buyers drawn to character

If you are drawn to properties with a story, 765 48th Street delivers. Built in 1920, the structure carries more than a century of Norfolk history in its framing. The surrounding block — with its independent markets, craft brewery, rain garden, and century-old residential streetscape — is exactly the kind of environment that makes Norfolk homes for sale in this zip code worth a serious look for buyers who want place, not just property.

More buyer questions

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

Naval Medical Center Portsmouth is approximately six minutes by car from 765 48th Street, making it one of the closest residential options to that installation in the area. USCG Base Portsmouth is roughly seven minutes away.

What zip code is 765 48th Street in?

The property is in the 23508 zip code in Norfolk, Virginia — a central zip that covers a walkable, historically rich residential corridor close to multiple military installations and the Elizabeth River waterfront.

Is 765 48th Street in a flood zone?

Flood zone designation for this address is covered in the FloodRisk tile on this page, which pulls current FEMA map data for the specific parcel.

What type of property is 765 48th Street?

It is a multi-family residential property built in 1920, offering 3,810 square feet of space — an unusually large footprint for this part of Norfolk.

Are there homes for sale zoned for Larchmont Elementary School or Kings Daughters Hosp. Ep. near this address?

Families comparing homes for sale zoned for Larchmont Elementary School and homes for sale zoned for Kings Daughters Hosp. Ep. will want to verify current attendance boundaries with Norfolk Public Schools directly, as zone lines can shift between listing cycles.

Want to know more about 765 48th Street or explore other homes for sale in 23508? Tom and Dariya Milan at LPT Realty are ready to walk you through every detail.

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

Homes like this one sell fast — see the next one first

Norfolk$1.4M – $1.8M

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Schools

VaHome School Score

Our own 1–10 rating, scored from Virginia Department of Education data.

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

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.

$405K

Median sale · 12 mo

$227

Sold $/sq ft

15d

Days on market

15

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/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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 ✓

Price context — similar nearby homes

$675,000$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.

1349 Graydon AVE · 1.4 mi · 3,805 sqft$829,000 sold 2026-06
1308 Manteo ST · 1.5 mi · 3,800 sqft$690,000 sold 2026-08
1337 W Princess Anne RD · 1.4 mi · 3,540 sqft$1,010,000 sold 2026-06

Own a home nearby? See what it is worth today — What's your Norfolk home worth?

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

113 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

Is 765 48th St in a good school zone?+
The assigned zones on the listing record are Larchmont Elementary (VaHome School Score 6.9/10), Blair Middle (VaHome School Score 3.5/10), Maury (VaHome School Score 3.8/10). 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

Brokered by 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

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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.