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✓ 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

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

Facts & features

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

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23503, homes for sale zoned for Norview High School, and homes for sale zoned for Bay View Elementary. Nearby, look at Chesapeake Shores & Bayview homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

How Far Is?

Driving distance by road and typical drive time via Google Maps, to the nearest location of each. Straight-line distances in “What’s nearby” are shorter.

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

Norfolk$7.4M – $10.1M

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 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\u2019t define a BFE here.

Property elevation

13.3 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\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.

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

What's nearby

Location & Neighborhood

Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.

Military Commute

Drive times to nearest bases

NS Norfolk

Navy

14min·4.7mi

MARFORCOM

Marines

17min·7.2mi

Little Creek

Navy

21min·7.1mi

NSA HR

Navy

19min·7.8mi

NMCP

Navy

31min·11.7mi

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

Payment Calculator

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

Comparables

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 ✓

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

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
ListedApr 7, 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

Is 8534 Chesapeake Blvd in a good school zone?+
The assigned zones on the listing record are Bay View Elementary (VaHome School Score 2.3/10), Azalea Gardens Middle, Norview (VaHome School Score 2.5/10). 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

Brokered by LPT Realty · Hampton Roads

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.

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8534 Chesapeake Blvd, Norfolk — photo

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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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