# 8534 Chesapeake Boulevard, Norfolk, VA 23503

> **TL;DR:** multi-family, $8,750,000, built 1984. Est. $37,917/mo. Listed 102 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $8,750,000 |
| Year Built | 1984 |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 102 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $37,917 |
| **Total** | **$37,917** |

## Nearby Schools

- **Elementary:** Bay View Elementary
- **Middle:** Azalea Gardens Middle
- **High:** Norview

## Property Highlights

- Built in 1984
- 2 stories

## Description

### Agent Description
Welcome to Marquis Villa, a well maintained 76-unit rental complex centrally located in Norfolk. This complex features 73 two-bedroom, 1.5-bath and 3 three-bedroom, 2 bath townhome style units with a strong rental history and consistently high occupancy rates. The property has been carefully maintained, with clean, orderly grounds that reflect pride of ownership. Investors will appreciate the reliable income stream as well as the opportunity for value-add enhancements to increase returns. This is a rare chance to acquire a stabilized, income producing asset with long term growth potential in a highly desirable location.

## Location

- **Address:** 8534 Chesapeake Boulevard, Norfolk, VA 23503
- **Neighborhood:** BAYVIEW ESTATES

## Listing Agent

- **Name:** Trey Decker
- **Brokerage:** BHHS RW Towne Realty
- **Phone:** 7576900439
- **Email:** TDecker@rwtowne.com

## Primary Photo

![8534 Chesapeake Boulevard - Primary Photo](http://lh.rdcpix.com/1ea13cfba8a5a4d4bc6c82d26bb05313l-f1426510594r.jpg)

*16 total photos available on [listing page](https://www.propertysimple.com/listing/8534-chesapeake-boulevard-norfolk-va-23503-10614349)*

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**MLS#:** 10614349 | **Updated:** 2026-04-24
**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/8534-chesapeake-boulevard-norfolk-va-23503-10614349)

---

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