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Hague Park Apartments 408 Dundaff St 68 Unit Apartment Building $12,600,000 ($185,294/Unit) Norfolk, VA 23507



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.
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 | Building Class | B |
| Price Per Unit | $185,294 | Lot Size | 0.91 AC |
| Sale Type | Investment | Building Size | 71,232 SF |
| No. Units | 68 | No. Stories | 8 |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment | Parking Ratio | 1.1/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | R-15 - The R-15 Residential District is established for moderate density single-family detached dwellings in developments. | ||
| 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 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 18045100 | Improvements Assessment | $6,641,800 |
| Land Assessment | $1,072,800 | Total Assessment | $7,714,600 |
Property Taxes
Parcel Number
18045100
Land Assessment
$1,072,800
Improvements Assessment
$6,641,800
Total Assessment
$7,714,600
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Hague Park Apartments | 408 Dundaff St
