$740,000

1427 W Ocean View Ave Norfolk, VA 23503

Willoughby Neighborhood

Estimated payment $4,248/month

Total Views 1,547
-- Bed
-- Bath
2,750 Sq Ft
$269 Price per Sq Ft

About This Home

Fully furnished and already operating as a mid-term rental, this 4-unit Ocean View quadplex (three 1-bed/1-bath units and one 2-bed/1-bath) is great for house hacking or for an investor. Units B and C are currently rented, each unit has its own washer/dryer, and the building features brand-new exterior decks and a 2024 roof. Just steps to the beach and near the Ocean View Fishing Pier, you’re about 6.5 miles to Norfolk Naval Base, roughly 7 miles to Little Creek, and around 22 miles across the HRBT to Langley.

Listing Agent

Nick Kemp

Iron Valley Real Estate HR Listed on: 11/19/2025

Iron Valley Real Estate HR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 1917

Home Design

  • Quadruplex
  • Side-by-Side
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,750 Sq Ft Home
  • Crawl Space

Outdoor Features

  • Deck

Schools

  • Ocean View Elementary School
  • Northside Middle School
  • Granby High School

Utilities

  • Separate Meters
  • Electric Water Heater

Community Details

  • Willoughby Beach Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,400

Year Built

Built in 1917

Lot Details

0

Listing Details

  • Property Type: Multi Family Residential
  • Property Sub Type: Quadruplex
  • Property Type - Cross Property: Multi Family Residential
  • Style: Side by Side
  • AICUZ - Crash: None
  • AICUZ - Noise: -65
  • LP/ Sq Ft: 269.09
  • Estimated Year Built: 1917
  • Address Street Name Website: Ocean View
  • Address Website: 1427 W Ocean View AVE
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Year Built: 1917

Interior Features

  • Estimated Sq Ft: 2750

Exterior Features

  • Exterior Siding: Vinyl
  • Fence Description: None
  • Foundation Type: Crawl
  • Roof: Asphalt Shingle
  • Waterfront Description: Not Waterfront

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: City/County

Lot Info

  • Waterfront YN: No
  • Lot Features: Deck
  • Zoning: R-12

Building Info

  • New Construction YN: No

Multi Family

  • Meters Separate: Electric, Gas

Tax Info

  • Tax Amount Approx: 4400

MLS Schools

  • Elementary School: Ocean View Elementary
  • School High School: Granby
  • Middle School: Northside Middle School

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,471 $357,700 $125,400 $232,300
2024 $4,368 $355,100 $125,400 $229,700
2023 $3,903 $312,200 $125,400 $186,800
2022 $3,470 $277,600 $109,000 $168,600
2021 $3,115 $249,200 $109,000 $140,200
2020 $2,951 $236,100 $109,000 $127,100
2019 $2,848 $227,800 $109,000 $118,800
2018 $2,515 $201,200 $109,000 $92,200
2017 $2,207 $191,900 $104,000 $87,900
2016 $2,207 $165,300 $104,000 $61,300
2015 $1,901 $165,300 $104,000 $61,300
2014 $1,901 $165,300 $104,000 $61,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2025 11/19/25 For Sale $740,000 -- $269 / Sq Ft
Source: Real Estate Information Network (REIN)

Purchase History

Date Type Sale Price Title Company
Gift Deed -- None Listed On Document
Warranty Deed $272,499 Attorney
Warranty Deed $220,000 Title Alliance Greenbrier
Deed $215,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $452,200 New Conventional
Previous Owner $282,308 VA
Previous Owner $227,260 VA
Previous Owner $219,622 VA
Source: Public Records

Source: Real Estate Information Network (REIN)

MLS Number: 10610906

Real Estate Information Network (REIN)

APN: 35320200