Ad #7940492
MLS #10610417
2500 Leo Street is a rare opportunity to acquire a 24-unit
2500 Leo St, Norfolk, VA 23504
$2,550,000
--Beds
--Baths
--Sqft
--Acres
About this property
2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of *meat on the bone.* The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates. Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1969
0.000 Acres
Off Street
Shingle Roof
Radiant, Electric (Heating)
$23,919 / yr property tax
Norfolk County
VILLA HEIGHTS Community
Additional Photos
Contact Information
Christian Phillips
Inlet Realty and Property Management, inc
757-675-5164
Location
Listing Agent: Christian Phillips 757-675-5164
Broker: Inlet Realty and Property Management, inc 757-675-5164 Listing Site
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Inlet Realty and Property Management, inc 757-675-5164 Listing Site
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$2,550,000
--
Beds
--
Baths
--
Sqft
2500 Leo St, Norfolk, VA 23504
By contacting this agent you agree to these Terms and Conditions.
MLS# 10610417
2500 Leo Street is a rare opportunity to acquire a 24-unit
$2,550,000
2500 Leo St, Norfolk, VA 23504
--
Beds
--
Baths
--
Sqft
--
Acres
$2,550,000
2500 Leo St, Norfolk, VA 23504
-- Beds
-- Baths
-- Sqft
-- Acres
2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of *meat on the bone.* The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates. Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level
43 days
on BeachHouse.com
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1969
0.000 Acres
EXTERIOR
Off Street
Shingle Roof
INTERIOR
Radiant, Electric (Heating)
FINANCIAL & COMMUNITY
$23,919 / yr property tax
Norfolk County
VILLA HEIGHTS Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7940492
Viewed
68 times
Listing Status
Active
Added
Jun 29, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
Real Estate Information Network, Inc.
Source Property ID
10610417
Listing Agent: Christian Phillips 757-675-5164
Broker: Inlet Realty and Property Management, inc 757-675-5164 Listing Site
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: Inlet Realty and Property Management, inc 757-675-5164 Listing Site
Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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