# 1315 Little Bay Avenue, Norfolk, VA 23503

> **TL;DR:** multi-family, $1,500,000, built 1979. Est. $6,500/mo. Listed 84 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,500,000 |
| Year Built | 1979 |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 84 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $6,500 |
| **Total** | **$6,500** |

## Nearby Schools

- **Elementary:** Ocean View Elementary
- **Middle:** Northside Middle School
- **High:** Granby

## Property Highlights

- Built in 1979
- 2 stories

## Description

### Agent Description
Value-add 12-unit multifamily opportunity: (12) 2-bedroom apartments at 1315 Little Bay Ave with an all-2BR unit mix. Minutes to local beaches with quick access to the interstate and major military bases. Solid brick exterior with strong curb appeal and excellent interstate visibility in a high-traffic corridor. Rents are currently below market, while unit turnovers are in progress—creating a near-term runway to renovate, raise rents, and capture upside without betting on heavy lease-up (vacancy has remained low).  On-site common-area laundry adds convenience and potential ancillary income. Pro forma upside through rent lifts and continued unit refreshes. Ideal for an investor seeking stable in-place cash flow plus straightforward value-creation levers.

## Location

- **Address:** 1315 Little Bay Avenue, Norfolk, VA 23503
- **Neighborhood:** WILLOUGHBY BEACH

## Listing Agent

- **Name:** Christian Phillips
- **Brokerage:** Inlet Realty
- **Phone:** 7576755164
- **Email:** christian@inletrealty.com

## Primary Photo

![1315 Little Bay Avenue - Primary Photo](http://lh.rdcpix.com/a6a8fe76ef655d6e5d752470a9901d52l-f3624295078r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/1315-little-bay-avenue-norfolk-va-23503-10616857)*

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**MLS#:** 10616857 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 Real Estate Information Network, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1315-little-bay-avenue-norfolk-va-23503-10616857)

---

## Structured Data

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  "name": "1315 Little Bay Avenue, Norfolk, VA 23503",
  "description": "Value-add 12-unit multifamily opportunity: (12) 2-bedroom apartments at 1315 Little Bay Ave with an all-2BR unit mix. Minutes to local beaches with quick access to the interstate and major military bases. Solid brick exterior with strong curb appeal and excellent interstate visibility in a high-traffic corridor. Rents are currently below market, while unit turnovers are in progress—creating a near-term runway to renovate, raise rents, and capture upside without betting on heavy lease-up (vacancy",
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  "datePosted": "2026-04-25",
  "price": 1500000,
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