Home/Virginia/Norfolk/BAYVIEW ESTATES/8534 Chesapeake BLVD, NORFOLK VA 23503
8534 Chesapeake BLVD, NORFOLK VA 23503 - Main photo
Coming Soon
Active
Under Contract
Sold
Off Market

119 days on market

$8,750,000

8534 Chesapeake Blvd

Norfolk, Virginia 23503

MLS# 10614349 · BAYVIEW ESTATES · Norfolk VA

Updated Apr 28, 2026 · Source: REIN MLS

Est. payment

$54,921/mo

Edit below

Price / sq ft

$0

0 sq ft

Days on market

119

HOA

None

Year built

1984

42 yrs old

Beds

0

Full Baths

0

Half Baths

0

Sq Ft

0

Garage

No

Apartments 3+2 StorySingle Family

Schools

Info provided by GreatSchools

About this home

Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream a…

Listed by Trey Decker · BHHS RW Towne Realty

Location & Neighborhood

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Flood Risk

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Property Details

Bedrooms

0

Full Baths

0

Half Baths

0

Approx Sq Ft

0

Stories

2

Fireplaces

0

Flooring

Carpet, Ceramic

Heating

Forced Hot Air

Cooling

Central Air

Laundry

Interior Features

N/A

Sale & Tax History

List Price

$8,750,000

Price / Sq Ft

$0

Annual Taxes

$83,606

Monthly Tax

$6,967

HOA

None

Tax Rate (effective)

0.96%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJan 10, 2026$8,750,000
Currently listed$8,750,000

Public-Records Assessment

Source: Norfolk via Hampton Roads Regional Parcels. Fetched May 8, 2026.

29% above assessment

Total Assessed

$6,797,200

Land

$1,998,500

Improvement

$4,798,700

Parcel ID: 1540264618 · View on city GIS portal

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.

About buying in Norfolk

Homes for sale in Norfolk, VA range from historic district townhouses in Ghent (23507) and waterfront condos along the Elizabeth River to ranch-style family homes in Larchmont, Lochaven, and Lafayette-Winona. As the cultural and economic heart of Hampton Roads, Norfolk offers something for nearly every buyer: $200K starter homes in Ocean View (23503, 23518), $400K-$600K Craftsman bungalows in Ghent and West Ghent (23517), executive homes near Old Dominion University (23508), and luxury riverfront properties in Larchmont and Algonquin Park. Norfolk's biggest employer is Naval Station Norfolk — the largest naval base in the world — and the city is also home to Norfolk Naval Shipyard, Eastern Virginia Medical School, Old Dominion University, and Norfolk State University. The active-duty military and academic communities drive steady year-round demand. Public schools include Maury High School in Ghent and Granby High School in Ocean View, and historically strong specialty programs at the Governor's School for the Arts. Buyers searching the 23510 (downtown) and 23508 (West Ghent / ODU corridor) ZIP codes will find the strongest mix of urban walkability and historic architecture; 23503 and 23518 (Ocean View) offer the most affordable waterfront entry points in Hampton Roads. The Norfolk MLS inventory below updates every 5 minutes from the REIN feed.

See more Norfolk homes for sale →

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.

Estimate your monthly payment

$54,921/mo

Principal & interest

$45,402

Property tax

$6,967

Home insurance

$2,552

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 BHHS RW Towne Realty · MLS# 10614349

Data provided by REIN MLS. Information deemed reliable but not guaranteed.

SOLD

$8,750,000

8534 Chesapeake BLVD, NORFOLK VA 23503

Norfolk, Virginia 23503

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Quick Facts

TypeApartments 3+
Year Built1984
Lot Size
Taxes$83,606/yr
HOANone
HeatingForced Hot Air
CoolingCentral Air

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