Norfolk, VA 23504,2500 Leo ST
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Norfolk, VA 23504,2500 Leo ST
Norfolk, VA 23504,2500 Leo ST
Norfolk, VA 23504,2500 Leo ST
Norfolk, VA 23504,2500 Leo ST
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Tammy Johnson

Tammy Johnson

+1(804) 241-0700
$ 2,600,000
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2500 Leo ST Norfolk, VA 23504

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Villa Heights

MLS Listing ID 10610417

HOA Y/N No

Year Built 1969

Annual Tax Amount $23,919

Property Description

2500 Leo Street is a rare opportunity to acquire a 24-unit multifamily asset in Norfolk with true value-add upside and plenty of “meat on the bone.” The property consists of twenty-four (24) two-bedroom, one-bath apartments, an attractive and highly rentable unit mix for the local tenant base. Current operations leave room for a new owner to reposition the asset through targeted renovations, improved management, and strategic rent increases to better align with market rates.

Investors will appreciate the straightforward layout, consistent floorplans, and the ability to add value through interior upgrades, utility optimization, and enhanced resident amenities. With scale in a single location and strong demand for well-located two-bedroom rentals in Norfolk, 2500 Leo Street is ideal for both regional and out-of-area investors seeking stable cash flow today with meaningful upside over time. This is a solid value-add multifamily play ready for its next owner to take it to the next level

Location

State VA

County Norfolk

Area 11 - West Norfolk

Zoning R-8

Interior

Hot Water Electric

Heating Electric, Radiant

Cooling Window/Wall

Flooring Laminate/LVP

Exterior

Parking Features Lot, Off Street, Street

Utilities Available City Sewer, City Water, Electric

Roof Type Asphalt Shingle

Building

Story 2.0000

Foundation Slab

Schools

Elementary Schools Lindenwood Elementary

Middle Schools Norview Middle

High Schools Maury

Others

Senior Community No

Ownership Simple

Disclosures Disclosure Statement

Special Listing Condition Disclosure Statement

Real Estate Information Network (REIN)
© 2026 REIN, Inc. Information Deemed Reliable But Not Guaranteed
Listed by Inlet Realty

Nearby Schools & Properties

SCHOOLS PROPERTIES
Elementary Schools 20
  • 7

    Larchmont Elementary School

    Public | PK - 5

  • 5

    Ghent School

    Public | KG - 8

  • 5

    Granby Elementary School

    Public | PK - 5

  • 5

    Suburban Park Elementary School

    Public | PK - 5

  • 5

    Willard Model Elementary School

    Public | PK - 5

  • 5

    Ingleside Elementary School

    Public | PK - 5

  • 4

    Park View Elementary School

    Public | KG - 6

  • 4

    St. Helena Elementary School

    Public | PK - 5

  • 4

    Sherwood Forest Elementary School

    Public | PK - 5

  • 3

    Walter Herron Taylor Elementary School

    Public | PK - 5

  • 3

    Norview Elementary School

    Public | PK - 5

  • 3

    Tanners Creek Elementary School

    Public | PK - 5

  • 1

    James Monroe Elementary School

    Public | PK - 5

  • 1

    Tidewater Park Elementary School

    Public | 3 - 5

  • 1

    Lindenwood Elementary School

    Public | PK - 5

  • 1

    Jacox Elementary School

    Public | PK - 5

  • 1

    Southside STEM Academy at Campostella

    Public | PK - 5

  • 1

    Richard Bowling Elementary School

    Public | PK - 5

  • 1

    Chesterfield Academy

    Public | PK - 5

  • 1

    Coleman Place Elementary School

    Public | PK - 5

Middle Schools 6
  • 4

    Blair Middle School

    Public | 6 - 8

  • 4

    Ruffner Academy

    Public | 6 - 8

  • 1

    Norview Middle School

    Public | 6 - 8

  • 0

    Lafayette-Winona Middle School

    Public | 6 - 8

  • 0

    Academy for Discovery at Lakewood

    Public | 6 - 8

  • 0

    The Academy of International Studies at Rosemont

    Public | 6 - 8

High Schools 8
  • 4

    Maury High School

    Public | 9 - 12

  • 4

    Granby High School

    Public | 9 - 12

  • 4

    Booker T. Washington High School

    Public | 9 - 12

  • 3

    I.C. Norcom High School

    Public | 9 - 12

  • 1

    Norview High School

    Public | 9 - 12

  • 0

    Yeshiva Aish Kodosh Talmudical Academy

    Private | 9 - 12

  • 0

    Bina High School

    Private | 9 - 12

  • 0

    Roadstead Montesorri High School

    Private | 9 - 10

School and business data provided by Attom Data.

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2500 Leo ST

Tammy Johnson

Tammy Johnson

Associate Broker, REALTOR® | License ID: 0225178981

+1(804) 241-0700

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