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495 Nelson Dr
Newport News, VA 23601 Warwick

Price Upon Request

Apartments For Sale  •  139,176 SF

Property Details

  • Property Type Apartments
  • Total Building Size 139,176 SF
  • Lot Size 8.36 AC
  • Building Class C
  • Year Built 1972
  • Zoning C1
37 Transit Score
58 Walk Score

Highlights

Prime multifamily investment in Newport News with 160 units and a proven value-add strategy in progress.
Strong regional economy anchored by shipbuilding, defense, and technology sectors, including major employers like Huntington Ingalls
Ideally located near I-64, providing seamless access to Hampton Roads, military installations, and major employment hubs.
Community features include recently remodeled kitchens, a swimming pool, and a neighborhood setting close to retail, dining, and entertainment.
Consistent rental demand supported by Newport News’ lower cost of living and proximity to Christopher Newport University, Tech Center, and City Center
Opportunity to enhance revenue through interior upgrades and operational efficiencies in a market with stable occupancy and growing rental rates.

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Courtyard
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Playground
  • Pool
  • Property Manager on Site
  • Tenant Controlled HVAC
  • Heating
  • Laundry Service
  • Kitchen
  • Walk-In Closets
  • Carpet
  • Maintenance on site
  • Sundeck
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.3 mi
AirportDriveWalkDistance
Newport News/Williamsburg International 17 min - 7.9 mi
Norfolk International 40 min - 24.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 275
Type: Surface
Included in Rent: Yes
Peyton Cox 804-320-5500 CBRE
Peyton Cox 804-320-5500 CBRE