15

Portsmouth, VA Homes for Sale under $500,000

Section Image Section Image
  • /26

    $420,000

    • 2,600 Sq Ft

    215 Riverside Dr, Portsmouth, VA 23707

    Rare opportunity to own a brick duplex with water views in the desirable Waterview neighborhood. Ideal for investors or owner-occupants seeking rental income—live in one unit and rent the other. Property includes a waterfront strip of land across the street on a finger of the Elizabeth River, offering beautiful views and added value. Each spacious unit features a living room, dining room,

    Agent Photo

    Henri Ellis

    Howard Hanna Real Estate Svcs.

    (757) 540-6057

    215 Riverside Dr, Portsmouth, VA 23707
  • /19

    $425,000

    • 2,450 Sq Ft

    416 Maryland Ave, Portsmouth, VA 23707

    Rare opportunity to live in one and already have a GREAT tenants on the other side paying a great portion of your mortgage. This is a great addition to you Real Estate portfolio or a good way to start a new one. The vacant unit is the 3 bedrooms, 2 full bathrooms. Both units completely remodeled within the last 6 months. A lot of new construction happening around the area, 4 blocks from the bay.

    Agent Photo

    Marie DePedro

    World Class Realty & Prop Mgmt

    (757) 697-0751

    416 Maryland Ave, Portsmouth, VA 23707
  • /50

    $429,900

    • 4 Beds
    • 2 Baths
    • 2,803 Sq Ft

    4529 Duke Dr, Portsmouth, VA 23703

    Agent Photo

    Andy Nelson

    Iron Valley Real Estate HR

    (757) 908-3898

    4529 Duke Dr, Portsmouth, VA 23703
  • /35

    $495,000

    Coming Soon
    • 6 Beds
    • 3 Baths
    • 3,487 Sq Ft

    4024 Long Point Blvd, Portsmouth, VA 23703

    Stunning, move-in-ready home with exceptional curb appeal and professional landscaping! The main level boasts hardwood and ceramic tile flooring, fresh interior paint, a private office with custom built-ins, and an open family room with a cozy gas fireplace. The premium kitchen features custom cabinetry. Enjoy a rare first-floor bedroom with an ensuite bath great for guests or multi-generational

    Agent Photo

    Aretha Valentine

    BHHS RW Towne Realty

    (757) 703-9017

    4024 Long Point Blvd, Portsmouth, VA 23703
  • /42

    $446,500

    • 3 Beds
    • 2.5 Baths
    • 2,500 Sq Ft

    2912 Sterling Point Dr, Portsmouth, VA 23703

    Welcome home to this beautifully updated brick ranch in the heart of Sterling Point. This move-in-ready ranch features fresh paint throughout, new stainless-steel appliances, granite countertops, updated bathrooms, and durable LVP flooring. Enjoy multiple living spaces including a bright sunroom, a cozy living room with fireplace, and bedrooms with ample closet space. Come outside to your private

    Anthony Horner Paragon Real Estate Group

    2912 Sterling Point Dr, Portsmouth, VA 23703
  • /34

    $425,000

    • 3 Beds
    • 2.5 Baths
    • 1,801 Sq Ft

    5816 Hedgerow Ln, Portsmouth, VA 23703

    Brick ranch 3 bedroom / 2.5 bath. This home features a large kitchen with upgraded appliances. Hot water heater installed 2024. Primary bedroom has an en-suite bathroom and walk in closet. All bathrooms upgrade features. Patio with a outside large firepit for outside entertainment. All trees removed from property landscape.

    Travis Bouldin KW Coastal Virginia Chesapeake

    5816 Hedgerow Ln, Portsmouth, VA 23703
  • /6

    $450,000

    • 2,920 Sq Ft

    344 Maryland Ave, Portsmouth, VA 23707

    This fully occupied 4-unit multifamily property offers a strong rental history and dependable cash flow potential. Each unit features 1 bedroom, 1 bathroom, a private entrance, and separately metered gas and electric utilities, providing added convenience for both owners and tenants. Off-street parking is accessible from a private rear alley, and one unit includes additional attic storage space.

    Daniel Jones A Better Way Realty Inc.

    344 Maryland Ave, Portsmouth, VA 23707
  • /39

    $499,000

    $21K PRICE DROP
    • 3,460 Sq Ft

    1510 Parker Ave, Portsmouth, VA 23704

    Exceptional investment opportunity in Portsmouth! This updated triplex features a spacious 3-bedroom, 2-bath single-family home alongside a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit perfect for maximizing rental income or flexible living arrangements. Each unit is well-appointed with granite countertops, stainless steel appliances, in-unit laundry, and separate utility meters for ease

    Kris Weaver Atlantic Sothebys Int'l Realty

    1510 Parker Ave, Portsmouth, VA 23704
  • /46

    $479,900

    $10K PRICE DROP
    • 4 Beds
    • 3.5 Baths
    • 3,896 Sq Ft

    419 Court St, Portsmouth, VA 23704

    In the heart of Historic Olde Towne Portsmouth, this tastefully renovated stone Victorian townhome offers 4 bedrooms, 3.5 bathrooms, and a third-floor suite with separate living space and rooftop access. The gourmet kitchen is equipped with a 6-burner commercial grade Garland range, walk-in butler’s pantry, and granite countertops. Architectural details reflect the home’s historic character with

    Trent Taylor Real Broker LLC

    419 Court St, Portsmouth, VA 23704
  • /30

    $420,800

    • 3 Beds
    • 2.5 Baths
    • 2,019 Sq Ft

    412 West Rd, Portsmouth, VA 23707

    Welcome to this beautifully renovated all-brick, two-story home featuring new and refinished hardwood floors throughout and stylish modern upgrades. Every detail has been thoughtfully updated to blend classic charm with contemporary finishes. The brand-new kitchen shines with elegant quartz countertops, new cabinetry, and all-new fixtures—great for cooking and entertaining. The home also offers

    Marcella Montagna CoastalVA Realty Inc.

    412 West Rd, Portsmouth, VA 23707
  • /42

    $460,000

    $15K PRICE DROP
    • 3 Beds
    • 2.5 Baths
    • 2,833 Sq Ft

    3408 Shoreline Dr, Portsmouth, VA 23703

    2,833 square foot per city records, located on tidal water with access to the Elizabeth river, beautiful back yard with a dock great for Kayaking, sailboat, motor boat or jet skis, plantation blinds and well.

    Bob Parker Wainwright Real Estate

    3408 Shoreline Dr, Portsmouth, VA 23703
  • /49

    $415,000

    Open Sat 11AM - 1PM
    • 4 Beds
    • 2 Baths
    • 2,100 Sq Ft

    5020 Leslie Dr, Portsmouth, VA 23703

    Welcome home to Lanier Gardens! This beautiful brick ranch perfectly blends classic charm with incredible modern updates. A cozy foyer welcomes you inside, leading to a warm living space centered around a gas fireplace. Entertaining is a breeze in the spacious back den, which makes for a fantastic hangout spot. Plant lovers will absolutely swoon over the attached greenhouse right off the den! You

    Deven Burns Keller Williams Realty Twn Ctr

    5020 Leslie Dr, Portsmouth, VA 23703
  • /36

    $450,000

    444 Dinwiddie St, Portsmouth, VA 23704

    Freshly renovated multi-unit property located in the historic Old Towne area of Portsmouth. This five-unit building has been thoughtfully updated throughout, offering a turnkey opportunity with modern finishes and strong rental appeal. Each unit features new flooring, fresh paint, updated kitchens with updated appliances, and renovated bathrooms designed with a clean, contemporary look.

    Reena Patel Iron Valley Real Est Norfolk

    444 Dinwiddie St, Portsmouth, VA 23704
  • /29

    $500,000

    • 6 Beds
    • 4.5 Baths
    • 3,456 Sq Ft

    340 Court St, Portsmouth, VA 23704

    Own a remarkable piece of Portsmouth history in the heart of Olde Towne. Once the original rectory for Trinity Episcopal Church, this stately residence blends historic character with thoughtful modern updates across four levels. Period details include beautifully aged hardwood floors, high baseboards, intricate trim, and classic coin-accented door frames. The formal dining room features built-in

    Pamela Ermen RE/MAX Elevate

    340 Court St, Portsmouth, VA 23704
  • /20

    $414,990

    New Construction
    • 5 Beds
    • 2.5 Baths
    • 2,114 Sq Ft

    611 Susan St, Portsmouth, VA 23701

    Move In May! Welcome home to Hodge's Park! We provide the area's best valued and affordable new Single-Family Homes. Hodge's Park boasts privacy, backyard space and easy commutes to Portsmouth Naval Hospital, Norfolk Naval Shipyards, Newport News Shipbuilding and local Military Bases. Home under construction ready Mid May! Tucked in a cul-de-sac with deep yard space. The Marigold single-family

    Jennifer Lovell BHHS RW Towne Realty

    611 Susan St, Portsmouth, VA 23701

Home Trends in Portsmouth, VA

Housing Trends

Median Sale Price
$275,000
Median Single Family Sale Price
$282,999
Median Townhouse Sale Price
$235,500
Median 2 Bedroom Sale Price
$190,000
Median 1 Bedroom Sale Price
$137,450
Average Price Per Sq Ft
$186
Number of Homes for Sale
221
Last 12 months Home Sales
1,627
Months of Supply
1.60
Median List Price
$279,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
17%
How to Buy a Home How to Finance a Home How to Sell a Home