316 16th St Virginia Beach, VA 23451
Oceanfront NeighborhoodEstimated payment $7,254/month
About This Home
Rare opportunity to own a triplex in the heart of the Virginia Beach Oceanfront area. Situated on 16th Street just three blocks from the beach, this property offers exceptional flexibility for investors, owner-occupants, or those seeking income-producing potential. The main residence features 3 bedrooms and 2 bathrooms on the first level, while the second-floor unit offers 2 bedrooms and 1 bathroom. An additional 1-bedroom, 1-bath apartment provides even more rental possibilities. Located within the Short-Term Rental Overlay District, buyers should perform their own due diligence regarding short-term rental requirements and approvals. Enjoy close proximity to the beach, boardwalk, dining, shopping, entertainment, and everything the Oceanfront has to offer. Opportunities like this in such a desirable location are hard to find.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,788
Year Built
- Built in 1940
Home Design
- Duplex
- Asphalt Shingled Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 2,946 Sq Ft Home
- Crawl Space
Schools
- W.T. Cooke Elementary School
- Virginia Beach Middle School
- First Colonial High School
Utilities
- Electric Water Heater
Community Details
- Beach Borough Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $5,788 | $596,700 | $396,000 | $200,700 |
| 2024 | $4,881 | $503,200 | $360,000 | $143,200 |
| 2023 | $4,958 | $500,800 | $360,000 | $140,800 |
| 2022 | $4,697 | $474,400 | $337,500 | $136,900 |
| 2021 | $4,015 | $405,600 | $337,500 | $68,100 |
| 2020 | $3,429 | $337,000 | $265,800 | $71,200 |
| 2019 | $3,369 | $340,600 | $275,300 | $65,300 |
| 2018 | $3,415 | $340,600 | $275,300 | $65,300 |
| 2017 | $3,624 | $361,500 | $265,800 | $95,700 |
| 2016 | $3,490 | $352,500 | $253,100 | $99,400 |
| 2015 | $3,330 | $336,400 | $240,500 | $95,900 |
| 2014 | $3,063 | $307,800 | $200,900 | $106,900 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/03/2026 06/03/26 | For Sale | $1,250,000 | -- | $424 / Sq Ft |
Source: Real Estate Information Network (REIN)
MLS Number: 10637846
APN: 2427-16-2478
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