18-Unit Alexander Street Property Sells for $1.48 Million in Norfolk

The Uzun Group at Marcus & Millichap has closed the sale of an 18-unit multifamily property at 6255 Alexander Street in Norfolk, VA. The property sold for $1,480,000, reflecting a price per unit of $82,222 — another multifamily closing that adds to the team's growing footprint across Norfolk's investment sales market.

At just over $82,000 per unit, the Alexander Street property offered buyers an accessible basis for an 18-unit asset, a price point that continues to draw steady interest from investors looking to scale their multifamily holdings without competing at the top of the market. Deals like this one reflect the ongoing demand for mid-sized multifamily properties in Norfolk, where buyers are looking for a balance of unit count, affordability, and long-term upside.

The closing further reinforces the Uzun Group's consistent presence in Norfolk's multifamily market, where the team continues to guide buyers and sellers through transactions of varying sizes and complexity. As demand for multifamily assets across Hampton Roads remains strong, closings like this one underscore the depth of opportunity available to investors at every price point.

The deal was led by Altay Uzun, with support from Jack Carroll and Justin Ferguson, who worked together to bring the transaction to a successful close.

Thinking about selling a multifamily property in Norfolk or elsewhere in Hampton Roads? The Uzun Group offers free property valuations for owners looking to understand what today's market could mean for their asset.