230 E 40th St, Norfolk, VA 23504

Marcus & Millichap is pleased to present Woodrow Court, a 16-unit multifamily community located at 230 East 40th Street in Norfolk, Virginia. The property consists of one four-story building constructed in 1918 and situated on approximately ±0.329 acres. Woodrow Court is comprised entirely of spacious two-bedroom, two-bathroom units, offering an attractive unit mix well suited to today’s renter demand.

Positioned in the heart of the Hampton Roads metropolitan area, home to more than 1.7 million residents, Norfolk serves as a major economic and cultural hub within the region. The city benefits from a diverse and stable economic base anchored by major military installations, including Naval Station Norfolk, the largest naval base in the world. The consistent presence of military personnel, defense contractors, and related industries provides durable demand for rental housing and supports long-term occupancy stability. Woodrow Court offers convenient regional connectivity with easy access to Interstates 64, 264, and 564; as well as Granby Street, one of Norfolk’s primary commercial corridors. The property is located within 10 minutes of Norfolk International Airport, IKEA, and the Simon Premium Outlet Mall; and is in proximity to numerous employment centers throughout the metro area. The combination of a strong unit mix, transit-oriented access, and proximity to major economic drivers positions Woodrow Court as a compelling multifamily investment in a stable coastal Virginia market.