Listing provided courtesy of Long & Foster Real Estate Inc.MLS# 10627323MLS Provider
  • 92 days on site
  • 3 views

Investor special! Infill lot located in the South Norfolk section of Chesapeake offering approximately 2,962 sq ft (0.07 acres) of residential land with clear development potential. Surrounded by existing homes and ongoing investor activity, this parcel is well-positioned for a spec build, rental portfolio addition, or long-term hold. Located with quick access to major corridors, shipyards, and military bases, supporting steady rental demand and resale viability. The smaller footprint allows for efficient construction costs while maintaining strong upside potential. Great for builders and investors seeking their next project in a market with continued growth and redevelopment. Opportunities at this price point are limited, move quickly. Buyer to perform all due diligence regarding zoning, utilities, setbacks, and buildability.

Source: REIN MLS, MLS#: 10627323

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  • Property Type
    Land
  • Lot
    0.07 acres

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Jonathan Dahl

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  • Median Age
    32
  • Population Density
    3,145
  • College Educated
    25%
  • Estimated Median Income
    $44,883
  • Estimated Total Home Owners
    4,276
  • Estimated Total Renters
    3,970
  • Owner / Renter Divide
    52% / 48%
  • Estimated Average Household Size
    3
  • Total Population
    23,232
  • Community data courtesy of LiveBy, Inc.

Owning this Home

$
$ %
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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Want to talk? Contact us here.

  • Skip Templeton
  • RW Towne Mortgage
  • Vice President | Mortgage Loan Officer
  • (757) 287-1902

Want to talk? Contact us here.

Want to talk? Contact us here.

Life at 407 B Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/7/2026Source: REIN MLS Status Change
Active
3/30/2026Source: REIN MLS Added to Database
March 30, 2026

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