$8,750,000
SOLD APR 27, 2026

8534 Chesapeake Blvd Norfolk, VA 23503

Bay View Neighborhood
-- Beds
-- Baths
-- Sq Ft
1984 Built

Sale Details

Date Sold: April 27, 2026

118 Days on Market

About This Home

As of April 2026

Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.

Last Agent to Sell the Property

Trey Decker

BHHS RW Towne Realty Listed on: 12/29/2025

BHHS RW Towne Realty

Last Buyer's Agent

Trey Decker

BHHS RW Towne Realty Listed on: 12/29/2025

BHHS RW Towne Realty
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Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $83,606

Year Built

  • Built in 1984

Parking

  • Parking Available

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Ceramic Tile

Schools

  • Bay View Elementary School
  • Azalea Gardens Middle School
  • Norview High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Phone Available

Community Details

  • 76 Units
  • Marquis Villas Community
  • Bayview Estates Subdivision

Property Details

Home Type

Apartment

Est. Annual Taxes

$83,606

Year Built

Built in 1984

Listing Details

  • Property Type: Apartments 3+
  • Property Type - Cross Property: Apartments 3+
  • Complex Name: Marquis Villas
  • GarageYN: No
  • AICUZ - Crash: None
  • AICUZ - Noise: 65-70
  • Estimated Year Built: 1984
  • Address Street Name Website: Chesapeake
  • Address Website: 8534 Chesapeake BLVD
  • Contingency Exists: Non Contingent
  • Type Of Apartment: Townhouse
  • Units Total Number: 76
  • AddressLine: 8534 Chesapeake BLVD, NORFOLK VA 23503
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1984

Interior Features

  • Flooring Type: Carpet, Ceramic
  • Stories Number: 2.0000

Exterior Features

  • Exterior Siding: Brick
  • Foundation Type: Slab
  • Roof: Asphalt Shingle

Garage/Parking

  • Parking: Multi Car

Utilities

  • Water Heater Type: Electric
  • Cooling: Central Air
  • Heating: Forced Hot Air
  • Utilities: City Sewer, City Water, Electric, Telephone Avail, Water Avail

Lot Info

  • Zoning: R-13

Rental Info

  • Furnished YN: No

Tax Info

  • Tax Amount Approx: 83606

MLS Schools

  • Elementary School: Bay View Elementary
  • School High School: Norview
  • Middle School: Azalea Gardens Middle

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2025
Closed on
Apr 27, 2026
Sold by
Marquis Villa Associates Lp
Bought by
Seller's Agent
Trey Decker
BHHS RW Towne Realty
Buyer's Agent
Trey Decker
BHHS RW Towne Realty
List Price
$8,750,000
Sold Price
$8,750,000
Views
66
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
Special Warranty Deed $8,750,000 Fidelity National Title
Source: Public Records

Mortgage History

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Date Status Loan Amount Loan Type
Previous Owner $1,450,000 Commercial
Previous Owner $1,222,000 Commercial
Source: Public Records

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
04/28/2026 04/28/26 Pending -- -- --
04/27/2026 04/27/26 Sold $8,750,000 0.0% --
12/29/2025 12/29/25 For Sale $8,750,000 -- --
Source: Real Estate Information Network (REIN)

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 $83,606 $6,797,200 $1,998,500 $4,798,700
2024 $76,360 $6,108,800 $1,998,500 $4,110,300
2023 $72,046 $5,763,700 $1,998,500 $3,765,200
2022 $68,616 $5,489,300 $1,998,500 $3,490,800
2021 $63,505 $5,080,400 $1,998,500 $3,081,900
2020 $62,594 $5,007,500 $1,732,100 $3,275,400
2019 $58,456 $4,676,500 $1,732,100 $2,944,400
2018 $57,963 $4,637,000 $1,732,100 $2,904,900
2017 $52,893 $4,599,400 $1,332,400 $3,267,000
2016 $51,075 $3,800,000 $1,065,900 $2,734,100
2015 $44,414 $3,800,000 $1,065,900 $2,734,100
2014 $44,414 $3,800,000 $1,065,900 $2,734,100
Source: Public Records

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10614349

Real Estate Information Network (REIN)

APN: 27814056

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