3,810 sqft
$1,600,000
765 48th ST, Norfolk VA, 23508
Price per sqft$419.95
Built in1920
Property size3,810 sqft
Property typeMulti-family
Overview
Active
Listed May 11, 2026
Updated Sep 2
Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025. Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink. Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.
$10,645/mo
Est. mortgage payment based on a $1,600,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Other Property Details
- Taxes
- $9,826
- Tax Frequency
- Annually
- Waterfront
- Yes
- 55+/Senior Community
- No
Courtesy of Iron Valley Real Est Norfolk
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