# 406 S Armistead Avenue, Hampton, VA 23669 > **TL;DR:** single family, $725,000, built 1890. > A/C. Est. $3,877/mo. Listed 34 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $725,000 | | Year Built | 1890 | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 34 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,666 | | Estimated Insurance | $211 | | **Total** | **$3,877** | ## Nearby Schools - **Elementary:** A.W.E. Bassette Elementary - **Middle:** C. Alton Lindsay Middle ## Key Amenities - A/C ## Property Highlights - Built in 1890 ## Description ### Agent Description **GREAT INVESTMENT OPPORTUNITY - 7-UNIT MULTIFAMILY PROPERTY!** Fully occupied income-producing property offering immediate cash flow with multiple opportunities for future upside. Recent improvements include **new mini-split systems, updated electrical, a new roof in 2021, and new flooring and windows in 5 of the 7 units**. Current rent roll includes several month-to-month tenancies, providing a future owner flexibility to evaluate lease terms and bring rents toward market levels as appropriate, while longer-term leases provide additional stability. Additional income/NOI potential may exist through implementation of tenant utility reimbursement or tenant-paid utility structures where legally permissible and subject to existing leases and utility configuration. Situated on approximately **0.5186 acres (22,591 SF)** with approximately **5,210 SF of building area**, the property also offers an intriguing additional development component: the front portion of the site is currently being evaluated for possible subdivision. No value for a potential subdivided parcel is included in the current financial projections, and any subdivision or development is subject to governmental approval and buyer due diligence. An excellent opportunity for investors seeking an income-producing multifamily asset, portfolio addition, or potential **1031 exchange replacement property**. **Current rent roll, survey, and preliminary pro forma are uploaded under Documents for review.** ## Location - **Address:** 406 S Armistead Avenue, Hampton, VA 23669 - **County:** Hampton VA - **Neighborhood:** ALL OTHERS AREA 102 - **Coordinates:** 37.021358, -76.350357 - **Google Maps:** https://www.google.com/maps?q=37.021358,-76.350357 ## Listing Agent - **Name:** Maria Gauvin - **Brokerage:** Virginia Beach LLC - **Broker Phone:** (757) 963-5455 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/406-S-Armistead-Ave_Hampton_VA_23669_M90135-94051?f=listhub&s=REINVA&m=10654943&c=propsimple) ## Photos ![406 S Armistead Avenue - Photo 1](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3301613462r.jpg) ![406 S Armistead Avenue - Photo 2](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f744926675r.jpg) ![406 S Armistead Avenue - Photo 3](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f613604580r.jpg) ![406 S Armistead Avenue - Photo 4](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f2521517739r.jpg) ![406 S Armistead Avenue - Photo 5](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1629485374r.jpg) ![406 S Armistead Avenue - Photo 6](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f4025637783r.jpg) ![406 S Armistead Avenue - Photo 7](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f2600533591r.jpg) ![406 S Armistead Avenue - Photo 8](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3657165286r.jpg) ![406 S Armistead Avenue - Photo 9](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f2553368780r.jpg) ![406 S Armistead Avenue - Photo 10](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1007404837r.jpg) ![406 S Armistead Avenue - Photo 11](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1838941730r.jpg) ![406 S Armistead Avenue - Photo 12](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3222675613r.jpg) ![406 S Armistead Avenue - Photo 13](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3784272686r.jpg) ![406 S Armistead Avenue - Photo 14](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f2857223925r.jpg) ![406 S Armistead Avenue - Photo 15](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f231185278r.jpg) ![406 S Armistead Avenue - Photo 16](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f2259308804r.jpg) ![406 S Armistead Avenue - Photo 17](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f931068406r.jpg) ![406 S Armistead Avenue - Photo 18](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1619456724r.jpg) ![406 S Armistead Avenue - Photo 19](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f2537826128r.jpg) ![406 S Armistead Avenue - Photo 20](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1762626625r.jpg) ![406 S Armistead Avenue - Photo 21](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f758172957r.jpg) ![406 S Armistead Avenue - Photo 22](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f437465251r.jpg) ![406 S Armistead Avenue - Photo 23](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3863518805r.jpg) ![406 S Armistead Avenue - Photo 24](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f652194721r.jpg) ![406 S Armistead Avenue - Photo 25](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3473196535r.jpg) ![406 S Armistead Avenue - Photo 26](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f781329888r.jpg) ![406 S Armistead Avenue - Photo 27](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3993561895r.jpg) ![406 S Armistead Avenue - Photo 28](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1043138817r.jpg) ![406 S Armistead Avenue - Photo 29](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3233436752r.jpg) ![406 S Armistead Avenue - Photo 30](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f104198887r.jpg) ![406 S Armistead Avenue - Photo 31](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1927119360r.jpg) ![406 S Armistead Avenue - Photo 32](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f182920520r.jpg) ![406 S Armistead Avenue - Photo 33](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1293920467r.jpg) ![406 S Armistead Avenue - Photo 34](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f2134634272r.jpg) ![406 S Armistead Avenue - Photo 35](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1168189366r.jpg) ![406 S Armistead Avenue - Photo 36](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f53832669r.jpg) ![406 S Armistead Avenue - Photo 37](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1406457638r.jpg) ![406 S Armistead Avenue - Photo 38](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f3480707919r.jpg) ![406 S Armistead Avenue - Photo 39](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1788941543r.jpg) ![406 S Armistead Avenue - Photo 40](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f814468490r.jpg) ![406 S Armistead Avenue - Photo 41](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f4052146608r.jpg) ![406 S Armistead Avenue - Photo 42](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f546466193r.jpg) ![406 S Armistead Avenue - Photo 43](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1420302679r.jpg) ![406 S Armistead Avenue - Photo 44](http://lh.rdcpix.com/8fe7abbb4ef7485c28ca3ad54d01a0bal-f1626658648r.jpg) --- **MLS#:** 10654943 | **Updated:** 2026-10-19 **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://staging.propertysimple.ai/listing/406-s-armistead-avenue-hampton-va-23669-0be4801cb3924c79b44d34deb18d88ef) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/406-s-armistead-avenue-hampton-va-23669-0be4801cb3924c79b44d34deb18d88ef#listing", "url": "https://staging.propertysimple.ai/listing/406-s-armistead-avenue-hampton-va-23669-0be4801cb3924c79b44d34deb18d88ef", "name": "406 S Armistead Avenue, Hampton, VA 23669", "description": "**GREAT INVESTMENT OPPORTUNITY - 7-UNIT MULTIFAMILY PROPERTY!** Fully occupied income-producing property offering immediate cash flow with multiple opportunities for future upside. Recent improvements include **new mini-split systems, updated electrical, a new roof in 2021, and new flooring and windows in 5 of the 7 units**. Current rent roll includes several month-to-month tenancies, providing a future owner flexibility to evaluate lease terms and bring rents toward market levels as appropriate, while longer-term leases provide additional stability. Additional income/NOI potential may exist through implementation of tenant utility reimbursement or tenant-paid utility structures where legally permissible and subject to existing leases and utility configuration. Situated on approximately **0.5186 acres (22,591 SF)** with approximately **5,210 SF of building area**, the property also offers an intriguing additional development component: the front portion of the site is currently being evaluated for possible subdivision. No value for a potential subdivided parcel is included in the current financial projections, and any subdivision or development is subject to governmental approval and buyer due diligence. 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