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4036 E Ocean View Ave

Norfolk, VA 23518
  • $1,100,000
  • STATUS: Active Under Contract
  • ON SITE: 29 Days
  • ID#: 10583470
Under Contract
UPDATED: 38 min ago
$1,100,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,550
    SQFT
  • $310
    $/SQFT
Neighborhood:
Ocean View East
Type:
Single-Family Home
Built:
2003
Area:
13 - North Norfolk

School Information

Elementary School:
Little Creek Elementary
Middle School:
Azalea Gardens Middle
High School:
Lake Taylor
School Ratings & Info

Description

Your next cash flowing beach investment is already booked and earning! Fully furnished and professionally managed, this rare 5-year city approved short term rental in Norfolks desirable East Beach is ready for new ownership. Generating over $150,000 gross annual income in both 2023 and 2024, it offers a strong 9% CAP rate with consistent bookings from vacationers and corporate guests alike. Whether you're an investor or a buyer looking for a beach home that pays for itself, this one delivers. Enjoy multiple decks with Bay views, direct beach access just steps away, and a location minutes from marinas, local dining, naval bases, and the airport. This is your chance to own a high performing furnished rental in one of Coastal Virginias most exciting emerging markets.

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Real Estate Information Network logo© 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. © 2025 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. The Duplicate Listings Disclaimer is as follows: 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. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2025-06-14T18:35:42.847.
www.atlanticsir.com/homes/163868509
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4036 E Ocean View Ave Norfolk, VA 23518

  • Price: $1,100,000
  • Status: Active Under Contract
  • On Site: 29 Days
  • Updated: 38 min ago
  • ID#: 10583470
5
Beds
4
Baths
0
½ Baths
N/A
Acres
3,550
SQFT
$310
$/SQFT
2003
Built
Neighborhood:
Ocean View East
Area:
13 - North Norfolk
Elementary School:
Little Creek Elementary
Middle School:
Azalea Gardens Middle
High School:
Lake Taylor
Property Description
Your next cash flowing beach investment is already booked and earning! Fully furnished and professionally managed, this rare 5-year city approved short term rental in Norfolks desirable East Beach is ready for new ownership. Generating over $150,000 gross annual income in both 2023 and 2024, it offers a strong 9% CAP rate with consistent bookings from vacationers and corporate guests alike. Whether you're an investor or a buyer looking for a beach home that pays for itself, this one delivers. Enjoy multiple decks with Bay views, direct beach access just steps away, and a location minutes from marinas, local dining, naval bases, and the airport. This is your chance to own a high performing furnished rental in one of Coastal Virginias most exciting emerging markets.
Exterior Features

Exterior Features Inground SprinklerIrrigation ControlPatioPumpWell Exterior Siding Vinyl Fence Description None Fence YN No Foundation Type Crawl Garage YN Yes Parking Garage Att 2 Car2 SpaceOff Street Pool No Pool Roof Asphalt Shingle Style TransitionalTri-Level View Description BayBeach Waterfront Description Bay Waterfront YN Yes

Interior Features

Appliances DishwasherDisposalDryerDryer HookupMicrowaveRangeElec RangeRefrigeratorWasherWasher Hookup Cooling Central Air Equipment Ceiling FanGar Door Opener Fireplaces Number 1 First Flr Bed Full Bath YN Yes Flooring Type CarpetCeramicWood Heating Electric Interior Features Cathedral CeilingDual Entry Bath (Br & Hall)Fireplace Gas-naturalWalk-In Closet Rooms Living Room Great Room Dining Room Utility Room Kitchen Family Room Primary Bedroom Bedroom Full Bathroom Primary Bedroom Rooms Number 7 Rooms Other 1st Floor BR1st Floor Primary BRAtticBalconyBreakfast AreaPBR with BathPorch Unit Description 3 Living Lvl Water Heater Type Gas

Property Features

Contingencies Home/EIFS Insp. Con. Contingency Exists Contingent Disclosure None Fees Condo 0 Fees POAMonthly 0 Hoa YN No HOAAssoc Legal Name N/A Master Model YN No New Construction YN No Ownership Type Simple Possession SETTLEMENT Sewer Type City/County Tax Amount Approx 12058 Water Type City/County Zoning R-12

Real Estate Information Network logoListing provided courtesy of EXP Realty LLC: 866-825-7169
© 2025 REIN, Inc. Information Deemed Reliable But Not Guaranteed.


Real Estate Information Network logo© 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. © 2025 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. The Duplicate Listings Disclaimer is as follows: 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. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2025-06-14T18:35:42.847.
 
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