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Norfolk › BAYVIEW ESTATES › 8534 Chesapeake Blvd✓ Source: REIN MLS #10614349 · record updated Apr 28, 2026 · synced every 2 min · your inquiry is never resold
8534 Chesapeake BLVD, NORFOLK VA 23503 - Main photo
$8,750,000
119days on market

8534 Chesapeake Blvd, Norfolk, VA 23503

SoldApartments 3+ · built 1984 · BAYVIEW ESTATES

About this home

The listing, in the seller's words

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 as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.

Listing courtesy of Trey Decker · BHHS RW Towne Realty · REIN MLS #10614349

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Apartments 3+

Year built

1984

HOA

None

Taxes

$83,606/yr

County

Norfolk VA

MLS #

10614349

Interior

Stories
2
Flooring
Carpet, Ceramic

Construction & exterior

Foundation
Slab
Construction
Other
Roof
Asphalt Shingle
Exterior
Brick

Utilities & systems

Heating
Forced Hot Air
Cooling
Central Air
Water heater
Electric
Utilities available
City Sewer, City Water, Electric, Telephone Avail, Water Avail

Lot, parking & ownership

Subdivision
BAYVIEW ESTATES
Zoning
R-13
Ownership
Fee Simple
Garage
No
Parking
Multi Car
Possession
SETTLEMENT
Disclosures
Disclosure Statement

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

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 510104

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone C

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

In the Chesapeake Shores & Bayview neighborhood of Norfolk. Norfolk houses for sale →

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

$54,921/mo

Principal & interest

$45,402

Property tax

$6,967

Home insurance

$2,552

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

129% of $6,797,200

City assessment record · taxes $83,606/yr

Land share of assessed value

29% — $1,998,500

Improvements $4,798,700 · 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.

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—
SoldApr 27, 2026$8,750,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

29% above assessment

Total Assessed

$6,797,200

Land

$1,998,500

Improvement

$4,798,700

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.

Questions buyers ask

Real questions, answered from the record

Is 8534 Chesapeake Blvd in a good school zone?+
The assigned zones on the listing record are Bay View Elementary (GreatSchools 3/10), Azalea Gardens Middle, Norview (GreatSchools 4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 8534 Chesapeake Blvd 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.
Are there parks near 8534 Chesapeake Blvd?+
Northside Park is about 0.7 miles away.
Where is the nearest grocery store to 8534 Chesapeake Blvd?+
Dollar General is about 0.1 miles away. The closest dining on record is BellaZa (0.2 mi).
Does 8534 Chesapeake Blvd have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 8534 Chesapeake Blvd 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.

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 Trey Decker · BHHS RW Towne Realty · REIN MLS #10614349

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.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

🏡 Similar homes for saleWhat's my home worth?

This one's sold — the next one doesn't have to be.

🏡 Homes for sale in NorfolkCall or text (757) 777-7577

8534 Chesapeake Blvd, Norfolk, Virginia 23503 · MLS #10614349 · 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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