10710 & 10714 Jefferson Avenue & 500 Powellville Lane — Sale in Newport News, VA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Newport News, VA 23601

Investment Figures

Cap rate
8.29%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the offering memorandum for 10710 & 10714 Jefferson Avenue and 500 Powellville Lane New-port News, VA 23061. The portfolio consists of seventeen units total. There are two, studio units, thirteen, one-bedroom and one-bathroom units and two, two-bedroom and one-bathroom units. 10710 Jefferson Avenue was built in 1960 and situated on 0.32 ac. Investment Highlights: • Favorable Unit Mix: Studio, One- & Two-Bedroom • Fully Renovated Units • Turnkey Property • Centralized Location: Minutes from Newport News Shipyard, Christopher Newport University, HRBT & I-64

Market Context

This multifamily in Newport News, VA is listed for sale. It is offered at an approximate 8.3% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Newport News, VA — view the full market.

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