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Matt Marek

matt@valuxhomes.com +1(757) 705-3512

$ 2,000,000

Est. payment | -/mo

Save

$ 2,000,000

Est. payment | -/mo

Save

Key Details

Property Type Multi-Family

Listing Status Contingent

Purchase Type For Sale

Subdivision Beach Borough

MLS Listing ID 10618270

HOA Y/N No

Year Built 1972

Annual Tax Amount $9,260

Contingent Feasibility Study/Due Diligence

Property Description

Rare beach-area multifamily opportunity at 414 19th Street: an eight-unit apartment building with (8) 2BR/1BA apartments and on-site laundry. Just four blocks to the ocean and adjacent to the new surf park, this property sits in the Short-Term Rental Overlay District—an ideal setup for investors seeking flexibility. Enjoy solid income today with annual leases in place, then explore the true upside of an STR model as leases roll (buyer to verify all STR eligibility, licensing, occupancy limits, taxes/fees, and any required permits/inspections). The consistent 2BR floorplan mix is well-suited for both year-round residents and weekend/seasonal demand. Opportunity for phased value-add through targeted cosmetic upgrades and rent optimization while maintaining occupancy. A hard-to-find coastal asset—hold as-is, renovate to increase rents, or reposition for vacation stays.

Location

State VA

County Virginia Beach

Area 43 - Northeast Virginia Beach

Zoning RT3

Interior

Hot Water Electric

Heating Heat Pump W/A

Cooling Central Air

Flooring Carpet, Ceramic, Vinyl

Exterior

Parking Features 1 Space, Assigned/Reserved

Utilities Available City Sewer, City Water, Electric

Roof Type Composite

Building

Story 2.0000

Foundation Slab

Schools

Elementary Schools W.T. Cooke Elementary

Middle Schools Virginia Beach Middle

High Schools First Colonial

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement

Special Listing Condition Disclosure Statement

Listed by Inlet Realty

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(757) 705-3512

matt@valuxhomes.com

1545 Crossways Blvd. Ste 250 #242, Chesapeake, VA, 23320, USA

Learn More About LPT Realty

414 19th ST Virginia Beach, VA 23451