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Investment Highlights

  • Waterfront apartment community in Norfolk's Ghent neighborhood.
  • Controlled-access residential building with electronic entry.
  • Positioned near universities, employment centers, and neighborhood amenities.
  • Located near EVMS and the surrounding hospital complex.
  • On-site fitness center, swimming pool, and laundry facilities.
  • Established multifamily asset within the Hampton Roads region.

Executive Summary

Hague Park Apartments is a Class B multifamily investment opportunity located at 408 Dundaff Street in Norfolk's established Ghent submarket. Constructed in 1965, the mid/high-rise property contains 66 residential units and offers a diverse unit mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments. The variety of floor plans broadens the property's appeal to a range of residents, supporting occupancy across multiple renter demographics.
The property benefits from a waterfront setting and a location near several of Norfolk's most significant employment and institutional anchors. Eastern Virginia Medical School, the surrounding hospital complex, higher education facilities, and other major employers are located nearby, providing a consistent source of housing demand. Residents also enjoy convenient access to the restaurants, retail destinations, cultural attractions, and neighborhood amenities that have made Ghent one of Norfolk's most recognizable residential districts.
Hague Park Apartments features amenities that support resident retention and day-to-day convenience, including controlled-access entry, a fitness center, swimming pool, laundry facilities, and on-site parking. The property's position within the Hampton Roads region provides connectivity to the area's healthcare, military, maritime, education, and professional employment sectors.
As an established multifamily asset in a mature urban neighborhood, Hague Park Apartments offers investors the opportunity to acquire a well-located apartment community with a diverse unit mix, proximity to major demand drivers, and long-term relevance within one of Norfolk's most active residential submarkets.

Property Facts

Price $12,600,000
Price Per Unit $185,294
Sale Type Investment
No. Units 68
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class B
Lot Size 0.91 AC
Building Size 71,232 SF
No. Stories 8
Year Built 1965
Parking Ratio 1.1/1,000 SF
Zoning R-15 - The R-15 Residential District is established for moderate density single-family detached dwellings in developments.

Amenities

Unit Amenities

  • Air Conditioning
  • Cable Ready
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Fitness Center
  • Laundry Facilities
  • Tenant Controlled HVAC
  • Elevator
  • Smoke Detector

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 7 - 624
1+1 17 - 850
2+1 37 - 1,100 - 1,150
3+1.5 7 - 1,424
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
18045100
Land Assessment
$1,072,800
Improvements Assessment
$6,641,800
Total Assessment
$7,714,600
  • Listing ID: 39193383

  • Date on Market: 1/23/2026

  • Last Updated:

  • Address: 408 Dundaff St, Norfolk, VA 23507

Contact the Sale Advisor

Hague Park Apartments | 408 Dundaff St

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