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3817 George Washington Hwy
Portsmouth, VA 23702

$23,750,000 USD

Apartments For Sale • 154,400 SF

Property Details

Property Type Apartments
Total Building Size 154,400 SF
Lot Size 14.5 AC
Building Class C
Year Built 1942
Cap Rate 5.93 %
Zoning URH

27 Transit Score

65 Walk Score

                
                    Highlights
                
                                Workforce housing situated near the Port of Virginia, Norfolk Naval Shipyard and Scott Annex Naval Base.
                            
                                -Close To Portsmouth City Park -Close To Scott Annex Naval Base -Located On HRT Bus Line -Minutes From I-264 -Near Norfolk Naval Shipyard

Property Flyers

Grand at New Port_rent roll_3.16.26

Financial Summary (Actual)

Net Operating Income: $1,435,379 USD (2025)

Cap Rate:	5.93 %
Total Expenses:	$1,082,767 USD

Amenities

Air Conditioning
Cable Ready
Clubhouse
Courtyard
Dishwasher
Laundry Facilities
Playground
Washer/Dryer Hookup
Heating
Laundry Service
Kitchen
High Speed Internet Access
Refrigerator
Oven
Carpet
Freezer
Wheelchair Accessible (Rooms)

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norfolk (Northeast Regional - Amtrak)	8 min	-	4.2 mi
Airport	Drive	Walk	Distance
Norfolk International	20 min	-	10.6 mi
Newport News/Williamsburg International	48 min	-	34.0 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	66
Type:	Surface
Included in Rent:	Yes

Jonathan Skinner 757-771-5905 Harrison & Lear, Inc.

3817 George Washington Hwy Portsmouth, VA 23702