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2500 Leo St
Norfolk, VA 23504 Lindenwood

$2,500,000 USD

Apartments For Sale  •  10,120 SF

Property Details

  • Property Type Apartments
  • Total Building Size 10,120 SF
  • Lot Size 0.93 AC
  • Building Class C
  • Year Built 1969
  • Cap Rate 7.10 %
  • Zoning SF-T
30 Transit Score
50 Walk Score

Highlights

The property consists of 24 apartment units with a consistent two-bedroom, one-bath floor plan configuration.
Centralized ownership of all units within a single location supports operational and management efficiencies.
Convenient access to Interstate 264 enhances connectivity throughout Norfolk and the Hampton Roads region.
The asset is located near major employment drivers including defense, maritime, healthcare, and educational institutions.
Established multifamily use provides a foundation for future capital improvement and asset management initiatives.
Residents benefit from proximity to downtown Norfolk, neighborhood services, and regional transportation corridors.

Property Flyers

Cap Rate: 7.10 %

Major Tenants

Tenant SF Occupied Lease End Date
2500 Leo Street Apartments

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Tenant Controlled HVAC
  • Heating
  • Pet Play Area
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Norfolk (Northeast Regional - Amtrak) 6 min - 2.6 mi
AirportDriveWalkDistance
Norfolk International 11 min - 5.1 mi
Newport News/Williamsburg International 40 min - 27.1 mi
Christian Phillips 757-675-5164 Inlet Realty and Property Management
Christian Phillips 757-675-5164 Inlet Realty and Property Management