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765 48th Street, 
Norfolk, VA 23508

$1,595,000

—

Bed

—

Bath

3,810

Sq Ft

Multi-Family

Active

Listed by

Julian Rivera

Iron Valley Real Est Norfolk

757-900-4873

Last updated:

October 20, 2026, 11:34 AM

MLS#

10658462

Source:

VA REIN

About This Home

765 48th Street

Rare waterfront midterm rental investment opportunity! This unique quad multifamily property sits on a quiet dead-end road and backs directly to the creek with deep water access, offering incredible potential for investors or owner-occupants alike. Units 1 & 3 feature fresh paint completed in 2025. Unit 1 has new faceplates outlets, switches and all appliances convey. Updated dock improvements (2026) with newer electrical boxes and cables (2025), and newer plumbing to the docks with backflow valves installed in 2026. The property also includes a large finished basement complete with a full bath, heating and cooling, refrigerator, and sink. Enjoy being just moments from water access, local cafes, and popular kayak and paddleboard rental spots, making it easy to experience the river lifestyle. 16 Docks and boat slips add even more value and appeal to this one-of-a-kind waterfront property.

Home Facts

Multi-Family

Built in 1920

Price Summary

1,595,000

$418 per Sq. Ft.

MLS #:

10658462

Last Updated:

October 20, 2026, 11:34 AM

Rooms & Interior

Interior

Living Area:

3,810 Sq. Ft.

Structure

Structure

Architectural Style:

Converted S.F.

Building Area:

3,810 Sq. Ft.

Year Built:

1920

Finances & Disclosures

Finances

Price:

$1,595,000

Price per Sq. Ft:

$418 per Sq. Ft.

Source:VA REIN
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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.