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Chincoteague Island, VA Multifamily Homes & Duplexes for Sale

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  • 5421 & 3 Deep Hole Rd, Chincoteague, VA 23336
    5421 & 3 Deep Hole Rd, Chincoteague, VA 23336
    5421 & 3 Deep Hole Rd, Chincoteague, VA 23336
    /75

    $1,200,000

    • 5 Beds
    • 4.5 Baths
    • 3,450 Sq Ft

    5421 & 3 Deep Hole Rd, Chincoteague, VA 23336

    Introducing Deep Hole Hideaway, a versatile & fully turnkey multi-property listing offering exceptional rental potential & room for expansion. This unique property features a beautifully renovated duplex & a new construction, set on a spacious lot w ample capacity for add'l development. The duplex has been completely renovated w in the last 5 years, w 1 unit offering 2 bds & 1 bath, & the other

    Meghan Oliver Clarkson Long & Foster - Main St

    5421 & 3 Deep Hole Rd, Chincoteague, VA 23336
  • 5421 & 5423 Deep Hole Rd, Chincoteague Island, VA 23336
    5421 & 5423 Deep Hole Rd, Chincoteague Island, VA 23336
    5421 & 5423 Deep Hole Rd, Chincoteague Island, VA 23336
    /89

    $1,200,000

    • Studio
    • 3,450 Sq Ft

    5421 & 5423 Deep Hole Rd, Chincoteague Island, VA 23336

    Introducing Deep Hole Hideaway, a versatile and fully turnkey multi-property listing offering exceptional rental potential and room for expansion. This unique property features a beautifully renovated duplex and a new construction home, set on a spacious lot with ample capacity for additional development.The duplex has been completely renovated within the last 5 years, with one unit

    Meghan Oliver Clarkson Long & Foster Real Estate, Inc.

    5421 & 5423 Deep Hole Rd, Chincoteague Island, VA 23336
  • 7136 Silver Sails Landing, Chincoteague, VA 23336
    7136 Silver Sails Landing, Chincoteague, VA 23336
    7136 Silver Sails Landing, Chincoteague, VA 23336
    /11

    $449,000

    • 3 Beds
    • 2.5 Baths
    • 1,556 Sq Ft

    7136 Silver Sails Landing, Chincoteague, VA 23336

    Lovely Creekside duplex offers 3BR's, 2.5 baths. Community pool. Established vacation rental this home conveys furnished and ready to go. Attached garage, enclosed back porch overlooks creek.

    Anita Merritt COLDWELL BANKER HARBOUR REALTY

    7136 Silver Sails Landing, Chincoteague, VA 23336
  • 3488 Willow St, Chincoteague, VA 23336
    3488 Willow St, Chincoteague, VA 23336
    3488 Willow St, Chincoteague, VA 23336
    /37

    $525,000

    • 4 Beds
    • 4 Baths
    • 1,740 Sq Ft

    3488 Willow St, Chincoteague, VA 23336

    Fabulous Investment Opportunity! Lovingly maintained DUPLEX tucked away on ever-popular Willow Street! These side by side Homes each have 2 Bedrooms and 2 Full Baths and have been beautifully updated! Both have Newer LVP Flooring, Screened Porches, and Private Entrances! 3488 has Granite Countertops, Dishwasher, Stainless Refrigerator, Upgraded Water Heater & Stove, Stackable Washer & Dryer 2024.

    Elaine Stitcher Seaside Vacation & Sales

    3488 Willow St, Chincoteague, VA 23336
  • 2934 Main St, Chincoteague Island, VA 23336
    2934 Main St, Chincoteague Island, VA 23336
    2934 Main St, Chincoteague Island, VA 23336
    /39

    $895,000

    • 2 Beds
    • 2.5 Baths
    • 2,744 Sq Ft

    2934 Main St, Chincoteague Island, VA 23336

    Elegant 3BR, 2.5 bath Waterfront home, 3 covered porches and pier on the Chincoteague Channel. Backside Creek Views, back patio deck, carport, heated storage room This home has undergone high quality renovations, new hurricane shingled roof, New Trane HVAC system, totally renovated kitchen. Upgraded flooring and fully painted interior and carport. The upgrades are numerous making this home

    Gladys Baczek COLDWELL BANKER HARBOUR REALTY

    2934 Main St, Chincoteague Island, VA 23336
  • 7923 E Side Rd, Chincoteague, VA 23336
    7923 E Side Rd, Chincoteague, VA 23336
    7923 E Side Rd, Chincoteague, VA 23336
    /5

    $589,000 New Construction

    • 3 Beds
    • 3.5 Baths
    • 1,920 Sq Ft

    7923 E Side Rd, Chincoteague, VA 23336

    MOTIVATED SELLERS Introducing your dream home, a brand-new construction on the stunning Chincoteague Island! This residence features luxurious LVP flooring throughout the living spaces. The kitchen is a chef's delight, equipped w/ SS appliances, granite countertops, & gorgeous shaker cabinets with self-closing doors and drawers. Each elegant bathroom offers a calming atmosphere with brushed satin

    Meghan Oliver Clarkson Long & Foster - Main St

    7923 E Side Rd, Chincoteague, VA 23336
  • 7921 E Side Rd, Chincoteague, VA 23336
    7921 E Side Rd, Chincoteague, VA 23336
    7921 E Side Rd, Chincoteague, VA 23336
    /5

    $589,000 New Construction

    • 3 Beds
    • 3.5 Baths
    • 1,980 Sq Ft

    7921 E Side Rd, Chincoteague, VA 23336

    MOTIVATED SELLERS Introducing your dream home, a brand-new construction on the stunning Chincoteague Island! This residence features luxurious LVP flooring throughout the living spaces. The kitchen is a chef's delight, equipped w/ SS appliances, granite countertops, & gorgeous shaker cabinets with self-closing doors and drawers. Each elegant bathroom offers a calming atmosphere with brushed satin

    Meghan Oliver Clarkson Long & Foster - Main St

    7921 E Side Rd, Chincoteague, VA 23336
Virginia Accomack County Chincoteague Island

Multi-Family Homes & Duplexes for Sale in Chincoteague Island, VA

Why Live in Chincoteague Island

Chincoteague Island, VA, is renowned for its famous Chincoteague ponies, which are a significant tourist attraction and a source of local pride. The island's natural beauty is highlighted by the Chincoteague National Wildlife Refuge on nearby Assateague Island, featuring 15 miles of trails through marshes where visitors can spot ponies, horseshoe crabs, and over 300 bird species. Assateague Beach is a popular spot for sunbathing and enjoying the Atlantic Coast. On Chincoteague, Veteran’s Memorial Park offers amenities such as boat ramps, a fishing and crabbing pier, playgrounds, and sports courts. Housing styles on the island vary from ranch-style and manufactured homes to Cape Cods, cottages, and waterfront properties with private docks. Flooding can be a concern for homes near the water, necessitating flood insurance for some properties. The annual Chincoteague Volunteer Fireman's Carnival and Pony Swim in July is a major event, featuring pony penning, a swim across the Assateague Channel, and a pony auction to manage the herd's population. Local dining options include Amarin coffeeshop, Bill’s Prime Seafood and Steaks, and Island Creamery, known for its homemade ice cream. Residents shop at Island Foods Great Valu and Ricky’s Seafood and Produce. Public schools on the island have decent ratings, with Chincoteague High School’s mascot being the Fighting Pony. Transportation around the island includes Main Street and Maddox Boulevard for cars, two trolley routes, and extensive bike lanes. The Chincoteague Island Community Health Center serves local health needs, while Salisbury Regional Airport is about 50 miles away.

Learn more about living in Chincoteague Island

Home Trends in Chincoteague Island, VA

On average, homes in Chincoteague Island, VA sell after 80 days on the market compared to the national average of 52 days. The median sale price for homes in Chincoteague Island, VA over the last 12 months is $375,000, down 9% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$375,000
Median Single Family Sale Price
$395,250
Median 2 Bedroom Sale Price
$252,000
Median 1 Bedroom Sale Price
$140,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
53
Last 12 months Home Sales
113
Months of Supply
5.60
Median List Price
$407,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-9%
How to Buy a Home How to Finance a Home How to Sell a Home

In Chincoteague Island, there are currently 7 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $449,000 to $1,200,000, there's a range to accomodate every budget. As of September, 2025 the median home price in Chincoteague Island is $407,500, while the average sale price is $405,518, offering insights into the local housing market. On average, multi-family homes spend 80 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Chincoteague Island, VA.

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