Listed by Keller Williams Sunset Corridor
$1,718,000
8 plex, call me for information
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,370
Units 8
Cap Rate 4.09%
Year Built 1955
Stories 1
Acreage 0.58 - 0.99
Zoning R 5
Parking Spaces 0
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Marketing description
Prime investment opportunity- 8 plex in a highly walkable portsmouth neighborhood On two separate lots.Rare opportunity to acquire a well-located 8-unit multifamily property. Situated on 0.58 acers in the Desirable and highly walkable portsmouth neighborhood. This well maintained property has a newer 50 year roof and Features eight 2 bedroom, 1 bath units, each equipped with a refrigerator and range, filled with natural light, large common Front yard offering open green space. On site coin laundry and assigned parking located at the rear of the property. An Excellent opportunity for investors seeking steady rental income in a strong location, or for owner-operators looking for solid Long term assets in a sought after neighborhood. Last updated: 1/26/2026 11:17:00 am
Investment highlights
- Parking; Assigned, Off Street
- Road Surface: Paved
- Security: Security Lights
- Basement: Crawl Space
- Foundation: Concrete
- Lot Size: 20,000 SqFt to .99Acres
- https://www.zillow.com/view-3d-home/efde70ad-76cc-4bb9-887e-9ba80ecced71?setAttribution=mls&wl=true&utm_source=dashboard
- Actual Gross Income: $132,540
- Proj. Gross Income:
- Actual Net Income: $81,720
- Proj. Net Income:
- Actual Oper. Expenses: $50,820
- Proj. Oper. Expenses:
- Cap Rate: 4.09
- Gross Rent Multiplier: 15.08
- Investor Info: Rent Records, Utility Records Available
- Short Sale: No
- Bank Owned/Real Estate Owned: No
- Terms Considered: Cash, Conventional
- Assumable Interest Rate:
- Assumable Remaining Months Ending:
- Lot SqFt: 12688
- Acreage: 0.29
- Living SF: 3185
Listing Contacts
Listed by Keller Williams Sunset Corridor
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