765 W 48th St Norfolk, VA 23508
Highland Park NeighborhoodEstimated payment $9,310/month
Highlights
- Docks
- Deep Water Access
- Wood Fence
- Home fronts navigable water
- Shed
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,826
Year Built
- Built in 1920
Lot Details
- Home fronts navigable water
- River Front
- Wood Fence
- Back Yard Fenced
Home Design
- 3,810 Sq Ft Home
- Quadruplex
- Asphalt Shingled Roof
- Shingle Siding
- Vinyl Siding
Outdoor Features
- Deep Water Access
- Bulkhead
- Docks
- Shed
Schools
- Larchmont Elementary School
- Blair Middle School
- Maury High School
Utilities
- Separate Meters
- Separate Water Meter
- Electric Water Heater
Additional Features
- Basement
Community Details
- Highland Park West Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,826 | $798,900 | $283,000 | $515,900 |
| 2024 | $6,600 | $528,000 | $283,000 | $245,000 |
| 2023 | $6,495 | $519,600 | $283,000 | $236,600 |
| 2022 | $5,933 | $474,600 | $257,000 | $217,600 |
| 2021 | $5,744 | $459,500 | $257,000 | $202,500 |
| 2020 | $5,594 | $447,500 | $245,000 | $202,500 |
| 2019 | $5,594 | $447,500 | $245,000 | $202,500 |
| 2018 | $5,449 | $435,900 | $245,000 | $190,900 |
| 2017 | $5,050 | $439,100 | $245,000 | $194,100 |
| 2016 | $5,050 | $439,500 | $245,000 | $194,500 |
| 2015 | $5,054 | $439,500 | $245,000 | $194,500 |
| 2014 | $5,054 | $439,500 | $245,000 | $194,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/11/2026 05/11/26 | For Sale | $1,600,000 | -- | $420 / Sq Ft |
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,250,000 | None Listed On Document | |
| Gift Deed | -- | None Available | |
| Deed | $1,050,000 | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $937,500 | New Conventional | |
| Previous Owner | $200,000 | Seller Take Back |
Source: Real Estate Information Network (REIN)
MLS Number: 10634189
APN: 27903705
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This application does not include information on all of the properties available for sale at this time.
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