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Norfolk › HIGHLAND PARK WEST › 765 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 home built in 1920, sitting on a walkable block near shopping, dining, and fitness options. You're just minutes from Naval Medical Center Portsmouth and the Coast Guard base. This is the kind of address that anchors Norfolk homes for sale in a vibrant, accessible neighborhood.

Read the full overview ↓

Why this home stands out

Built over a century ago, this multi-family property carries the solid bones and generous square footage of early-20th-century construction. The location is a major draw: you're walking distance to The Ten Top Market, Westside Produce and Provisions, Bakehouse Pizza at Elation, Elation Brewing, and Voyager Coffee. Rhode Island Circle park sits just two blocks away. The neighborhood has real character and real convenience packed into every corner.

HIGHLAND PARK WEST and the Norfolk real estate market

This block sits in a lively, mixed-use area where local businesses and green space anchor daily life. You'll find groceries, restaurants, and coffee within a few blocks—The Ten Top Market and Westside Produce and Provisions are both a short walk, as are Bakehouse Pizza at Elation and Elation Brewing. Rhode Island Circle and 47th Street Rain Garden offer outdoor space for rest and play. Norfolk itself is a dynamic waterfront city with a strong naval and military presence, robust cultural institutions, and a growing downtown corridor. Getting around is straightforward: major roads connect you to Naval Medical Center Portsmouth in about six minutes and USCG Base Portsmouth in seven. If you're comparing homes for sale in 23508, note that this address offers walkability and base proximity in one package.

What's nearby

The Ten Top Market and Westside Produce and Provisions handle groceries—both are a third of a mile away. For coffee, Voyager Coffee and Starving Artist Cafe are within walking distance. Bakehouse Pizza at Elation and Elation Brewing sit nearby for dining and drinks. Rhode Island Circle park is just two blocks out, and 47th Street Rain Garden and Delaware Circle offer additional green space. Universal Combat Center and GUD Yoga provide fitness options close by.

For different buyers

Base commute and VA loan notes

Naval Medical Center Portsmouth is about six minutes away, and USCG Base Portsmouth is seven. VA loan financing is common in this area and moves smoothly. The walkable neighborhood means you can handle daily errands on foot, which saves time when your schedule is tight.

Room to grow

This 3,810-square-foot multi-family property offers substantial space and flexible living potential. The early-1900s construction brings high ceilings and solid bones typical of that era. Walking distance to Rhode Island Circle park, groceries, and dining means daily life stays convenient. Anyone comparing homes for sale in Norfolk will find the room and neighborhood character here compelling.

More buyer questions

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

About six minutes by car. USCG Base Portsmouth is seven minutes away.

What grocery stores are nearby?

The Ten Top Market and Westside Produce and Provisions are both within a third of a mile. NuLand Hot Stuff Company is a bit farther at 0.4 miles.

Are there parks in the neighborhood?

Yes. Rhode Island Circle is just two blocks away, and 47th Street Rain Garden and Delaware Circle are nearby as well.

Can I find coffee and dining close by?

Absolutely. Voyager Coffee, Starving Artist Cafe, Bakehouse Pizza at Elation, and Elation Brewing are all within walking distance or a short drive.

What schools are in this zone?

This address falls within homes for sale zoned for Kings Daughters Hosp. Ep. and homes for sale zoned for Larchmont Elementary School. Check the Schools tile on this listing for detailed information.

Ready to explore this multi-family property and others in Norfolk? Reach out to Tom and Dariya Milan at LPT Realty to schedule a tour.

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

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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 (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510104

High Risk

FEMA flood zone

AE (1% annual chance)

Base flood elevation

8 ft above sea level

Property elevation

8.1 ft above sea level

0.1 ft above BFE

USGS 3DEP digital elevation model

Special Flood Hazard Area — 1% annual chance of flooding. Federal flood insurance is required on most mortgages.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

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 neighborhood in Norfolk, Virginia. It is known for streets lined with trees and homes from the early 20th century.

$405K

Median sale · 12 mo

$226

Sold $/sq ft

15d

Days on market

12

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 – $855,000

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
742 Shirley AVE · 1.3 mi · 4,190 sqft$735,000 sold 2026-09

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

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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