37 Farragut Street
Portsmouth, VA 23702
- – beds
- – baths
- 4,400 sqft
- $122 per sqft
- 1918 build
- – on site
This cash flowing quadplex is a rare find in the heart of Portsmouth! Featuring four generously sized 3 bedroom units, each offering 1,100 square feet of living space, this well-maintained asset is poised to deliver immediate income and future upside. Two of the four units are currently secured under one year leases at $1,900+ per month, providing reliable, built-in revenue. Located just minutes from the Norfolk Naval Shipyard, Portsmouth Naval Hospital, and vibrant Downtown Portsmouth, tenants enjoy easy access to major employers, transit, and amenities. Whether you’re expanding your portfolio or entering a thriving rental market, this property checks all the boxes for dependable returns and long term value. Don’t miss this prime opportunity to own a high performing, centrally located asset in one of Hampton Roads' most active rental corridors.
Last checked:
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Last updated May 3, 2025
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MLS# 10581651 —
The Building
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Year Built:1918
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Style:Side by Side
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Roof:Asphalt Shingle
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Exterior Siding:Vinyl
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Foundation Type:Slab
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SqFt:4,400 Sqft
Financial & Terms
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Ownership Type:Simple
Location
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Area:21 - Central Portsmouth
The Property
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Property Type:Multi Family Residential
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Property Subtype:Quadruplex
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Lot Front:106'
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Lot Depth:92'
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Lot Dimensions:106'X92'X104'X92'
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Zoning:HR
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Waterfront Description:Not Waterfront
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Fence Description:Full, Privacy, Wood Fence
Listing Agent
- Contact info:
- Office phone:
- (757) 278-3945
Taxes
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Tax Amount Approx:$3,775
The Listing
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Virtual Tour 3D:
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Disclosures:Disclosure Statement
Utilities
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Water Type:City/County
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Meters Separate:Electric, Water
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Sewer Type:City/County
Appliances
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Water Heater Type:Electric
Schools
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Elementary School:Cradock Elementary
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Middle School:Cradock Middle
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High School:Manor High
The Community
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Subdivision Name:CRADOCK
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/2/25
May 2, 2025
|
Listed / Active | REIN | $539,900 |