Multi–family Homes in Norfolk | Reonomy

Multi–family Homes in Norfolk

Unlock property data on 5,389 multi–family homes in Norfolk. Search through Norfolk property records and access full owner contact information to find off-market properties likely to sell, refinance, or renovate. Find recent buyers and sellers.

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Reonomy attracts a large community of Norfolk commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in multi–family homes.

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Norfolk multi-family home sold prices and values

Values and sold prices (last 24 months) United States Virginia Norfolk
Average price/sqft -- -- --
Average sold price $907,094 $2,802,001 $675,968
Median sold price $119,750 $216,216 $181,422
Number of sales 521,148 6,197 865
Number of sales over $250k 177,372 2,804 307
Number of sales over $1m 49,080 961 72
Number of sales over $10m 7,974 438 16
Average total tax amount $12,391 $21,533 $6,510
Average assessed value $619,925 $1,878,820 $540,614
Average market value $813,304 $1,878,820 $540,614

Norfolk multi-family home property averages

Property averages United States Virginia Norfolk
Average lot size 93,391 sf 58,696 sf 12,332 sf
Median lot size 6,963 sf 7,383 sf 6,292 sf
Average building area -- -- --
Median building area -- -- --
Median year built 1950 1961 1956
Average number of units 9 37 6
Median number of units 2 2 2

Norfolk multi-family home total supply

Supply United States Virginia Norfolk
Number of parcels 4,337,047 51,469 5,390
Aggregate lot acerage 10,876,756 47,988 1,162
Aggregate building area -- -- --
Aggregate units 29,016,564 1,098,148 27,500

Norfolk multi-family home industrial mortgages

Debt United States Virginia Norfolk
Number of mortgages 10,990,460 76,804 10,674
Average value of mortgages $1,624,067 $3,685,020 $716,617

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