2504 Arctic AVE, Virginia Beach, VA 23451
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Charles Barco

Charles Barco

+1(757) 690-0770
$ 1,200,000
Est. payment | /mo
Save
$ 1,200,000
Est. payment | /mo
Save

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Beach Borough

MLS Listing ID 10659207

HOA Y/N No

Year Built 1935

Annual Tax Amount $6,919

Property Description

Rare opportunity to acquire a 5-unit multi-family property in highly desirable Old Beach, 2 blocks from beach. Massive upside potential. Irreplaceable acquisition opportunity w/2 separate structures. 2 units positioned for immediate premium rehab & market-rent stabilization. 2 units currently available to show. 3 units are currently managed & occupied offering immediate income. 1st floor unit has 3 bedrooms/1 bath & other unit is 1 bedroom/1 bath. All other units 1 bed/1bath. Current rent roll analysis: 2 units at $995/month each, plus 401 25th St #3 (same tax parcel) at $1050/month. 3 bedroom market rate estimated $2100/mo & other unit $1100/mo. Zoned A-12 & part of Old Beach Overlay Redevelopment, not zoned for STR use.Property to be sold strictly As-Is, Where-Is. All statements regarding property features are estimates. Buyer to exercise due diligence to verify all info.

Location

State VA

County Virginia Beach

Area 43 - Northeast Virginia Beach

Zoning A12

Interior

Hot Water Electric

Heating Electric

Cooling Window/Wall

Flooring Carpet, Vinyl, Wood

Exterior

Parking Features 2 Space, Driveway Spc, Street

Utilities Available City Sewer, City Water, Electric, Meter

Roof Type Asphalt Shingle

Building

Story 2.0000

Foundation Crawl, 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

Real Estate Information Network (REIN)
© 2026 REIN, Inc. Information Deemed Reliable But Not Guaranteed
Listed by Swell Realty Co

NEARBY SCHOOL & BUSINESS

Charles Barco

+1(757) 690-0770

charlesbarco@gmail.com

One Columbus Center, Suite # 700, Beach, VA 23462, United States

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2504 Arctic AVE