Your next cash flowing beach investment is already booked and earning! Fully furnished and professionally managed, this rare 5-year city approved short term rental in Norfolk’s desirable East Beach is ready for new ownership. Generating over $150,000 gross annual income in both 2023 and 2024, it offers a strong 9% CAP rate with consistent bookings from vacationers and corporate guests alike. Whether you're an investor or a buyer looking for a beach home that pays for itself, this one delivers. Enjoy multiple decks with Bay views, direct beach access just steps away, and a location minutes from marinas, local dining, naval bases, and the airport. This is your chance to own a high performing furnished rental in one of Coastal Virginia’s most exciting emerging markets.
Sold
$1,073,000
4036 E Ocean View Ave, Norfolk, VA 23518
5beds
3,550sqft
Single Family Residence
Built in 2003
-- sqft lot
$1,077,200 Zestimate®
$302/sqft
$3,987 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 30, 2025 at 10:38am
Listed by:
Mel Volland,
EXP Realty LLC
Bought with:
Jeff Babb
AtCoastal Realty
Source: REIN Inc.,MLS#: 10583470

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Primary bedroom
- Level: First
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Electric Range, Refrigerator, Washer, Gas Water Heater
- Laundry: Dryer Hookup, Washer Hookup
Features
- Cathedral Ceiling(s), Dual Entry Bath (Br & Hall), Walk-In Closet(s), Ceiling Fan(s)
- Flooring: Carpet, Ceramic Tile, Wood
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Fireplace Gas-natural
Interior area
- Total interior livable area: 3,550 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Att 2 Car, 2 Space, Off Street, Garage Door Opener
- Attached garage spaces: 2
Features
- Levels: Tri-Level,Three Or More
- Stories: 3
- Patio & porch: Patio, Porch
- Exterior features: Inground Sprinkler, Irrigation Control, Balcony
- Pool features: None
- Fencing: None
- Has view: Yes
- View description: Bay, Beach
- Has water view: Yes
- Water view: Bay,Beach
- Waterfront features: Bay
Details
- Parcel number: 20616248
- Zoning: R-12
- Other equipment: Pump
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Transitional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Sewer: City/County
- Water: City/County, Well
Community & neighborhood
Location
- Region: Norfolk
- Subdivision: Ocean View East
HOA & financial
HOA
- Has HOA: No
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$1,077,200
2% more+ $21,544
With Zillow Showcase(estimated)
$1,098,744