SELLER WILL CONSIDER OWNER FINANCING, subject to seller approval and agreed terms! Two properties, one price: $1,850,000. This Chesapeake Bayfront package includes 840 & 842 W Ocean View Ave, combining a bayfront duplex and adjoining fourplex for six total units. Wide Chesapeake Bay views and direct beach access offer a coastal setting for boating, fishing, kayaking, beach walks, and sunsets. Explore the potential for a waterfront residence with rental
income from the remaining units, subject to existing leases, or purchase the entire package as an income-producing investment. The waterfront duplex also offers potential for future conversion into a single residence, subject to applicable approvals. Convenient Norfolk location near military installations, interstates, marinas, dining, shopping, and area beaches. Seller can provide a termite and moisture letter. Properties must be sold together. Shown by appointment to qualified buyers.
Listing courtesy of David Wilkey · BHHS RW Towne Realty · REIN MLS #10643308
Chapter · The Water
Life on the water
The waterfront is the reason this home exists. Its water record, straight from the listing: Bay, Deep Water.
Frontage
Bay ✓ VERIFIED
Access
Deep-water access
Source: REIN MLS listing record · waterfront features as listed
842 West Ocean View Avenue is a 3,332-square-foot multi-family residential property built in 1984. Located in Norfolk just four minutes from Naval Station Norfolk, it sits in a waterfront neighborhood with direct beach access. This is one of the Norfolk homes for sale with genuine proximity to the water and military commute.
Multi-family properties in this waterfront pocket of Norfolk are rare. You get 3,332 square feet of developed space on a block anchored by beach access and fishing culture. The 1984 construction means solid bones and a floor plan designed for the neighborhood's working-waterfront character. Four minutes to Naval Station Norfolk and five to MARFORCOM Norfolk makes this location exceptional for short commutes. Water views and walkability to the pier are built into daily life here.
WILLOUGHBY BEACH and the Norfolk real estate market
Ocean View is Norfolk's working-waterfront neighborhood. The streets here carry a salty, lived-in character—fishing boats, pier restaurants, and long-rooted community ties. You're steps from 12th View Beach Access and the Local Beach, where the water is part of your everyday rhythm. Norfolk itself is Virginia's largest city, a major naval hub with a downtown waterfront district, museums, and restaurants spreading across the Elizabeth River. Getting around is straightforward: I-64 connects you west to Virginia Beach and east to the Peninsula. Anyone comparing homes for sale in Norfolk will notice that waterfront multi-family properties with this kind of beach proximity are uncommon. If you're looking at homes for sale in 23503, this zip code is defined by its relationship to the water and the bases. The neighborhood supports both established residents and newcomers drawn to the water access.
What's nearby
Swell Charcoal Grill and Raw Bar sits less than a mile away, serving fresh seafood in the neighborhood's casual style. Ocean View Fishing Pier Restaurant is equally close, a local institution where you can eat overlooking the water. For quick coffee or a convenience stop, 7-Eleven locations are within walking distance. 12th View Beach Access and Local Beach are both under a mile, giving you immediate access to the waterfront. The pier and beach culture here mean dining and recreation are woven into the block itself.
For different buyers
Base commute and VA loan notes
Naval Station Norfolk is four minutes away by car; MARFORCOM Norfolk is five. VA loan financing is common in this zip code and the neighborhood is well-established for military commuters. The waterfront location and short drive time mean you're not spending hours in traffic before or after your workday.
For buyers drawn to character
The 1984 construction carries the working-waterfront aesthetic that defines Ocean View. Multi-family properties this close to the beach and pier are uncommon in Norfolk. You're buying into a neighborhood with genuine character—fishing culture, pier dining, and water views that shape daily life. The bones are solid and the location is authentic.
More buyer questions
How far is 842 West Ocean View Avenue from Naval Station Norfolk?
It's about four minutes by car. MARFORCOM Norfolk is five minutes away, making this one of the closest waterfront addresses to both commands.
What school zones apply to this property?
The property is zoned for homes for sale zoned for Granby High School and homes for sale zoned for Ocean View Elementary School. Contact Norfolk Public Schools for current enrollment and program details.
Is there beach access near this address?
Yes. 12th View Beach Access and Local Beach are both within a mile, and the Ocean View Fishing Pier is a short walk away.
What restaurants are close by?
Swell Charcoal Grill and Raw Bar and Ocean View Fishing Pier Restaurant are both under a mile away, offering fresh seafood and waterfront dining.
Can I walk to coffee and convenience stores from this property?
Yes. Multiple 7-Eleven locations are within easy walking distance, offering coffee and quick supplies.
Ready to explore this waterfront multi-family property? Contact Tom & Dariya Milan at LPT Realty to schedule a tour and learn more.
Summary generated by AI from public records and publicly available information.
Schools · VaHome School ScoreAssigned schools
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.
How Far Is?
Driving distance by road and typical drive time via Google Maps, to the nearest location of each.
Also nearby
Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.
Homes like this one sell fast — see the next one first
Norfolk$1.4M – $1.8M
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Military Commute
Drive times to nearest bases
⚓
NS Norfolk
Navy
12min·6.7mi
🪖
MARFORCOM
Marines
14min·7.2mi
⚓
NSA HR
Navy
17min·8.4mi
⚓
Little Creek
Navy
22min·9.1mi
⚓
NMCP
Navy
29min·12.6mi
Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.
Flood & environmentFlood risk (FEMA)
FEMA flood zone X · outside the high-risk area · FIRM 510104
🌊 Flood Risk (FEMA)
Source: FEMA National Flood Hazard Layer · FIRM 510104
Low / Moderate Risk
FEMA flood zone
X (low to moderate risk)
Base flood elevation
Not applicable in low-risk zones
Zone X is outside the Special Flood Hazard Area; FEMA doesn’t define a BFE here.
Property elevation
7.6 ft above sea level
USGS 3DEP digital elevation model
Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.
Data sources: Flood zone and base flood elevation come from FEMA’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — 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.
Willoughby is the western end of Norfolk's bayfront, in ZIP codes 23503 and 23505. Willoughby Spit is a narrow strip of sand. The Chesapeake Bay is on one side and Willoughby Bay on the other.
$325KMedian sale · 12 mo
$231Sold $/sq ft
26dDays on market
48For sale now
$64KHH income
39.7%Owner-occupied
REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year
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
$10,681/mo
Principal & interest
$8,302
Property tax
$1,913
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 & historyComparables
Asking vs. assessment86% of $1,866,000City assessment record · taxes $22,952/yr
Land share of assessed value25% · $468,600Improvements $1,397,400 · assessor record ✓
Price context: similar nearby homes$150,000 – $775,000The 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.
Source: City Assessor via Hampton Roads Regional Parcels.
14% below assessment
Total Assessed
$1,866,000
Land
$468,600
Improvement
$1,397,400
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.
97 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.
CompareThis home next to what else is for sale nearby
Home
Price
Beds
Baths
Sqft
$ / sqft
842 West Ocean View (A-B) Avethis home
$1,600,000
—
—
3,332
$480
Loading nearby homes for sale…
Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.
Questions buyers ask
Is 842 West Ocean View (A-B) Ave in a good school zone?
The assigned zones on the listing record are Ocean View Elementary (VaHome School Score 2.4/10), Northside Middle School (VaHome School Score 1.8/10), Granby (VaHome School Score 2.7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 842 West Ocean View (A-B) Ave in a flood zone?
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Is 842 West Ocean View (A-B) Ave a waterfront property?
Yes. The listing record shows: Bay,Deep Water.
Does 842 West Ocean View (A-B) Ave have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 842 West Ocean View (A-B) Ave built?
It was built in 1984, per the listing record.
Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data. Never invented.
Tom & Dariya Milan | LPT Realty
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842 West Ocean View (A-B) Ave, Norfolk, Virginia 23503 · MLS #10643308 · 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.
