Colonial Place Multifamily Homes & Duplexes for Sale

/26
$350,000
- 1,850 Sq Ft
115 E 39th St, Norfolk, VA 23504

Attention Investors! This is a completely renovated DUPLEX! Multi-family living, this listing includes both units for sale! Each unit is almost identical with 2 bedrooms, 1 bathroom and an additional space that could be used as another bedroom or for an office or separate dining space. Each unit also has a great family room as well as new kitchen complete with custom cabinetry, stainless

Becky Gordon BHHS RW Towne Realty

115 E 39th St, Norfolk, VA 23504
/32
$399,000
- 3 Beds
- 2 Baths
- 2,309 Sq Ft
4250 Granby St Unit 208, Norfolk, VA 23504

Welcome to this sophisticated waterfront condo in Norfolk’s Riverview neighborhood. Offering 3 spacious bedrooms and 2 full baths, this is the perfect blend of comfort, style, and convenience.Step inside, to enjoy natural light streaming through large windows. The open living and dining area is ideal for entertaining or simply relaxing as you take in the views. A private balcony just off the

Lauren Conner Howard Hanna Real Estate Services

4250 Granby St Unit 208, Norfolk, VA 23504
/50
$619,000
- 3,268 Sq Ft
4815 Colonial Ave, Norfolk, VA 23508

What an opportunity and no flood insurance required! Tastefully restored duplex sitting high in the back of Historic Colonial Place. High ceilings, large room size, renovated kitchens, hardwood floors, sunrooms, mid-century windows that flood it with natural light while showcasing the craftsmanship of the era, show this today! Completely renovated: kitchens, unit 2 bathrm, unit 1 1/2 bathrm; plus

Colleen Kovach Own Real Estate LLC

4815 Colonial Ave, Norfolk, VA 23508
/9
$192,900
- 2 Beds
- 2 Baths
- 1,025 Sq Ft
426 Delaware Ave Unit 224, Norfolk, VA 23508

Experience comfort and convenience in this charming 2-bedroom, 2-bathroom condo in the heart of Colonial Place, Norfolk. Enjoy the Historic Colonial Place with its tree-lined streets, nearby parks, and easy access to dinning, shopping, and downtown Norfolk. Whether you're looking for a cozy retreat or a prime location near the city, this condo offers the perfect blend of style and functionality.

Ann Davis BHHS RW Towne Realty

426 Delaware Ave Unit 224, Norfolk, VA 23508

Virginia Norfolk Colonial Place

About Colonial Place

Colonial Place in Norfolk, including the historic Riverview subdivision, is a riverside neighborhood characterized by large waterfront homes with private docks along the Lafayette River. The area features Colonial and Victorian homes, as well as single-story Craftsman and two-story Colonial houses. Residents enjoy access to the Virginia Zoo, just 1 mile southeast, and Lafayette Park, which offers a rugby pitch, disc golf course, and tennis and basketball courts. The Colonial Place Dog Park and Greenway provide a fenced area for pets, a playground, and bike paths. Granby Street is a local hub for dining, with options like MJ’s Tavern, LeGrand Kitchen, and Pittie Dog Grill. For shopping, residents frequent Mary Barnett Gifts and Decorative Accessories, with Aldi and Food Lion located about 2 miles south. The neighborhood falls within the Norfolk Public Schools district, with Ghent Elementary School and highly rated Maury High School nearby. Colonial Place is safer than the national average, making it a practical choice for families. The proximity to Old Dominion University offers additional cultural and sporting events, with venues like S.B. Ballard Stadium and Chartway Arena. Norfolk International Airport is approximately 6 miles east, and bus stops along Granby Street and Newport Avenue facilitate easy commuting.

Learn more about living in Colonial Place

Home Trends in Colonial Place, VA

On average, homes in Colonial Place, Norfolk sell after 38 days on the market compared to the national average of 47 days. The average sale price for homes in Colonial Place, Norfolk over the last 12 months is $381,672, up 3% from the average home sale price over the previous 12 months.

Home Trends

Median Price (12 Mo)

$369,000

Median Single Family Price

$375,000

Median Townhouse Price

$474,900

Median 2 Bedroom Price

$193,950

Average Price Per Sq Ft

$212

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

1.50

Median List Price

$375,000

Median Discount From 1st List Price

Median Home Sale Price YoY Change

-4%

How to Buy a Home How to Finance a Home How to Sell a Home

In Colonial Place, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $192,900 to $619,000, there's something for every budget. As of April, 2025 the median home price in Colonial Place, Norfolk is $375,000, while the average sale price is $381,672, providing insight into local market trends. On average, multi-family homes spend 38 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Colonial Place, Norfolk.

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