8534 Chesapeake Blvd Norfolk, VA 23503
Bay View NeighborhoodEstimated payment $53,358/month
About This Home
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.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $83,606
Year Built
- Built in 1984
Parking
- Parking Available
Home Design
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
Interior Spaces
- 2-Story Property
Flooring
- Carpet
- Ceramic Tile
Schools
- Bay View Elementary School
- Azalea Gardens Middle School
- Norview High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
- Phone Available
Community Details
- 76 Units
- Marquis Villas Community
- Bayview Estates Subdivision
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $84,965 | $6,797,200 | $1,998,500 | $4,798,700 |
| 2024 | $76,360 | $6,108,800 | $1,998,500 | $4,110,300 |
| 2023 | $72,046 | $5,763,700 | $1,998,500 | $3,765,200 |
| 2022 | $68,616 | $5,489,300 | $1,998,500 | $3,490,800 |
| 2021 | $63,505 | $5,080,400 | $1,998,500 | $3,081,900 |
| 2020 | $62,594 | $5,007,500 | $1,732,100 | $3,275,400 |
| 2019 | $58,456 | $4,676,500 | $1,732,100 | $2,944,400 |
| 2018 | $57,963 | $4,637,000 | $1,732,100 | $2,904,900 |
| 2017 | $52,893 | $4,599,400 | $1,332,400 | $3,267,000 |
| 2016 | $51,075 | $3,800,000 | $1,065,900 | $2,734,100 |
| 2015 | $44,414 | $3,800,000 | $1,065,900 | $2,734,100 |
| 2014 | $44,414 | $3,800,000 | $1,065,900 | $2,734,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/29/2025 12/29/25 | For Sale | $8,750,000 | -- | -- |
Source: Real Estate Information Network (REIN)
MLS Number: 10614349
APN: 27814056
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.
Copyright 2026 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.
REIN updates its listings on a daily basis.
Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions.
Some or all of the listings (or listings Data) represented in this application have been enhanced with Data not provided by REIN. The enhancements are as follows: mapping, demographics, and economics. The source of these enhancements are: GreatSchools, CoStar, Google, Walk Score, How Loud, Collateral Analytics, Black Knight, First American, and Quantarium.
This application does not include information on all of the properties available for sale at this time.
- 8512 Chesapeake Blvd
- 8580 Wayland St
- 8483 Old Ocean View Rd
- 1300 Sunset Dr
- 518 Hyde Park Rd
- 700 Creamer Rd
- 1381 Fishermans Rd
- 8453 Toby Ln
- 1319 Tallwood St
- 1122 Noble St
- 8723 Chesapeake Blvd
- 1351 Sunset Dr
- 805 Norman Ave
- 1000 Dune St
- 926 Mildred St
- 8625 Chapin St
- 629 Beach View St
- 511 Dune St
- 429 E Bayview Blvd
- 8550 Tidewater Dr Unit C2
- 535 Fishermans Rd
- 619 Earl St
- 8507 Chapin St
- 756 Norman Ave
- 614 Dune St Unit 3
- 614 Dune St Unit 2
- 614 Dune St Unit 1
- 440 Mariners Way
- 9301 Fishermans Rd
- 8923 Brighton St Unit A
- 1233 Oak Park Ave
- 600 Warwick Ave
- 8717 Tidewater Dr
- 405 Farrell St Unit B
- 9403 Warwick Ave
- 728 E Leicester Ave
- 8226 Tidewater Dr
- 9117 Chesapeake Blvd Unit 5
- 424 E Ocean Ave
- 1441 Kingston Ave Unit 1
Ask me questions while you tour the home.